What has Trump’s election victory got to do with your order management system?
On initial inspection, Trump’s election victory in the USA has nothing to do with your order management system. However, the answer might not be so simple.
Over the last four years, world instability has thrown up a range of challenges for UK companies selling through multi-channel e-commerce and their own websites. Initially, this would have nothing to do with their order management system, but the disruption to their business certainly has put pressure on those without the proper tools in place to manage the knock-on events to their business.
We’ve experienced bizarre events causing an instant and impossible-to-predict disruption to supply chains. Remember the Suez Canal being blocked by the Every Given crashing into the bank in 2021, trapping shipments already in the canal and blocking the route for others, causing instant stock shortages in the run-up to Christmas. What about when the re-routing of shipping around the Horn caused a massive increase in shipping costs, as did the disruption caused by the Ukraine war and the action of the Houthis blocking shipments through the Red Sea?
All these unpredictable events can throw even the best-organised business into confusion. Sudden stock shortages and huge variations can throw margin calculations to the wind, especially when running a complex multi-channel e-commerce business. Order management systems working on fixed or simplistic cost-of-goods calculations fail, stock value is suddenly a guestimate, and stock allocation of limited resources to the most profitable of your multi-channel e-commerce outlets becomes vital for survival.
It is impossible to predict what challenges the next few years will bring, but a Cyrane System can manage the disruption to your multi-channel e-commerce order processing system in several important ways.
Firstly, a Cyrane Order Management System can adjust prices in line with product availability by giving you an instant real-time profit margin by channel. Stock can be managed to allocate to the most profitable sales channels and prevent oversold positions that are destructive to rankings and reputation.
In addition, the purchase order control within the Cyrane Order Management System allows you to allocate currency fluctuations, Port costs, agent costs, container and shipping costs, and duty to each order. If necessary, you can change these as shipments are en route so that when your shipments land and get to your warehouse, the cost of goods on your order management system is bang up to date.
None of us know what world events will throw at us over the next few years from political instability, climate change or war, but a Cyrane Order Management System gives you the ability to deal with its consequences based on accurate real-time information and provides you with the tools to maximise sales and profitability.
The Cyrane multi-channel order management system is available with multiple add-on modules, so you pay only for what you use. It can also be expanded and customised as your business grows.
Why not find out what Cyrane could do for your business and contact us for an initial conversation?