What are the most important components of order management?

Order management is receiving a customer's order, tracking, and delivering it. The crucial components of order management are:

1. The first step involves the correct order entry.
2. Next, the data is processed and sent to relevant stations.
3. Before the order gets placed, customer data needs to be verified.
4. Once the customer information is qualified, the billing and invoice are issued.
5. Once the payment is made, it gets processed further.
6. Inventory: If there is a shortage of goods, more stock is ordered.
7. If a customer requests customization, the details are shared with the manufacturer to customize the order accordingly.
8. Returns, refunds, and other related policies are also shared with customers.
9. Packaging and shipping of products take place.
10. The customer gets notified of all the steps.