Order Management System

ACHIEVE OPERATIONAL EXCELLENCE, FROM PROCURE-TO-PAY

Bring simplicity to the complicated world of sourcing by connecting to the food and beverage industry’s most widely used trading network.

iTrade’s Order Management System (OMS) is a collaborative platform designed to streamline the entire order-to-cash cycle, used for perishable management by leading retail and foodservice buyers, to improve order accuracy, price accuracy and invoice match rates. Built on a framework of synchronized data and collaborative workflows, iTrade OMS offers greater functionality over traditional EDI to provide a safe and effective order management platform, connecting you electronically to your supply chain partners.

Segments Served:


Order Management System

ACHIEVE OPERATIONAL EXCELLENCE, FROM PROCURE-TO-PAY

Bring simplicity to the complicated world of sourcing by connecting to the food and beverage industry’s most widely used trading network.

Segments Served:

Coordinated, real-time workflows between trading partners facilitate the entire order management lifecycle of purchase orders, confirmations, advance ship notices, invoices, receiving, payment and other supporting electronic transaction data throughout the fulfillment process. All transactions are validated and translated into each trade partners’ preferred electronic format (EDI, flat file, etc.). This single point of integration can also be leveraged for more advanced collaborative business solutions and offers flexible integration points to connect to any back-end system to support your existing internal processes.

iTrade’s Order Management System brings simplicity and accuracy to your supply chain transactions, helping you to:

Improve accuracy and efficiency across the entire procure-to-pay process
Reduce administrative and procurement costs
Improve food safety and traceability programs
Comply with EDI for documents, translation, format, connectivity, transport, etc.

iTrade’s Order Management System (OMS) is a collaborative platform designed to streamline the entire order-to-cash cycle, used for perishable management by leading retail and foodservice buyers, to improve order accuracy, price accuracy and invoice match rates. Built on a framework of synchronized data and collaborative workflows, iTrade OMS offers greater functionality over traditional EDI to provide a safe and effective order management platform, connecting you electronically to your supply chain partners.

Coordinated, real-time workflows between trading partners facilitate the entire order management lifecycle of purchase orders, confirmations, advance ship notices, invoices, receiving, payment and other supporting electronic transaction data throughout the fulfillment process. All transactions are validated and translated into each trade partners’ preferred electronic format (EDI, flat file, etc.). This single point of integration can also be leveraged for more advanced collaborative business solutions and offers flexible integration points to connect to any back-end system to support your existing internal processes.

iTrade’s Order Management System brings simplicity and accuracy to your supply chain transactions, helping you to:

Improve accuracy and efficiency across the entire procure-to-pay process

Reduce administrative and procurement costs

Improve food safety and traceability programs

Comply with EDI for documents, translation, format, connectivity, transport, etc.

KEY FEATURES

COLLABORATE WITH THOUSANDS OF SUPPLIERS & BUYERS

Gain instant critical mass with over 10,000 companies already on the Network; you can begin shifting a high percentage of your trading volume to iTrade OMS and begin to optimize your supply chain immediately.

FASTER PAYMENT CYCLES

Improving order accuracy and invoice match rates means that there are fewer discrepancies to manage. Online discrepancy resolution and invoice reconciliation means faster and more accurate payments between trading partners.

REAL-TIME SUPPLY CHAIN VISIBILITY

iTrade OMS gives you instant and reliable access to the information you need to run your business – from orders and order status to on-hand inventory and shipment details. This and other key data can be fed into analysis and reporting tools to help you make smarter business decisions.

ENHANCE PRODUCT TRACEABILITY

iTrade OMS supports key traceability initiatives by assigning PTI data to every purchase order and transmitting it across the supply chain. This helps food and beverage organizations to achieve full trace-forward and trace-back in place in the event of a food safety recall.

ENABLE DECISION MAKERS

With iTrade OMS, decision makers can better manage orders and changes in real-time, thanks to coordinated workflows, notifications and exception alerts. This means less rework after the fact.

STREAMLINE THE ENTIRE PROCURE-TO-PAY PROCESS

iTrade OMS handles every aspect of the order management lifecycle. We coordinate workflows and ensure that orders and invoices reconcile with shipping and receiving data.

IMPROVE TRANSACTION ACCURACY

We ensure data accuracy by implementing GS1 GDSN standards. We improve pricing accuracy by synchronizing product and pricing information between trading partners. Tighter collaboration between trading partners means huge improvements to order accuracy and ensures your organization sources the best products at the best available prices.

INTEGRATE WITH BACK-END SYSTEMS

iTrade OMS integrates with existing back-end and 3rd party systems to extend your enterprise, and support existing internal processes and unique business rules. Learn more about how iTrade’s Extended Enterprise works.

KEY FEATURES

COLLABORATE WITH THOUSANDS OF SUPPLIERS & BUYERS

Gain instant critical mass with over 10,000 companies already on the Network; you can begin shifting a high percentage of your trading volume to iTrade OMS and begin to optimize your supply chain immediately.

FASTER PAYMENT CYCLES

Improving order accuracy and invoice match rates means that there are fewer discrepancies to manage. Online discrepancy resolution and invoice reconciliation means faster and more accurate payments between trading partners.

REAL-TIME SUPPLY CHAIN VISIBILITY

iTrade OMS gives you instant and reliable access to the information you need to run your business – from orders and order status to on-hand inventory and shipment details. This and other key data can be fed into analysis and reporting tools to help you make smarter business decisions.

ENHANCE PRODUCT TRACEABILITY

iTrade OMS supports key traceability initiatives by assigning PTI data to every purchase order and transmitting it across the supply chain. This helps food and beverage organizations to achieve full trace-forward and trace-back in place in the event of a food safety recall.

ENABLE DECISION MAKERS

With iTrade OMS, decision makers can better manage orders and changes in real-time, thanks to coordinated workflows, notifications and exception alerts. This means less rework after the fact.

STREAMLINE THE ENTIRE PROCURE-TO-PAY PROCESS

iTrade OMS handles every aspect of the order management lifecycle. We coordinate workflows and ensure that orders and invoices reconcile with shipping and receiving data.

IMPROVE TRANSACTION ACCURACY

We ensure data accuracy by implementing GS1 GDSN standards. We improve pricing accuracy by synchronizing product and pricing information between trading partners. Tighter collaboration between trading partners means huge improvements to order accuracy and ensures your organization sources the best products at the best available prices.

INTEGRATE WITH BACK-END SYSTEMS

iTrade OMS integrates with existing back-end and 3rd party systems to extend your enterprise, and support existing internal processes and unique business rules. Learn more about how iTrade’s Extended Enterprise works.

REAL RESULTS

Investment returns measured in months, not years
Improved supply chain visibility, control and efficiency
Single point of business process and data integration
Real-time actionable data for analysis and business process reporting
Inclusion in the largest supply chain network in the food and beverage industry

REAL RESULTS

Investment returns measured in months, not years

Improved supply chain visibility, control and efficiency

Single point of business process and data integration

Real-time actionable data for analysis and business process reporting

Inclusion in the largest supply chain network in the food and beverage industry



MODULES

iTrade’s OMS platform is designed to meet your unique business rules and includes highly customizable modules to support your organizational workflows. Select a module below to learn about how iTrade OMS can be implemented to provide your organization with greater supply chain visibility and control:

Produce 95%+ more accurate forecasts for your ad business. Receive supplier quotes to meet pricing requirements and generate forecasts for ad business based on aggregated demand up to a year in advance. Designed for multiple divisions, locations, markets and ad types.
Track compliance against plan in real-time at order creation. Manage contract pricing, quantity commitments and compliance for multiple contracts collaboratively between buyers and vendors. Automatic price protection triggers based on USDA indices for enforcement of pre-negotiated contracts.
Aggregate current and anticipated demand to generate forecasts. Demand planning aggregates customer demand and generates forecasts that are 95+% accurate by commodity to improve buying power when sourcing to further streamline and automate procurement.

Read More >>
Manage DC and store orders all from a single system. Manage multiple workflows and optimize DSD POs to create full and cost effective loads and store orders based on pre-defined pricing, quantities, costs, allowances and arrival dates. Links directly to existing order, receiving, and accounting solutions and generates suggested order quantities (SOQ).

Read More >>
Combine FOB and freight costs for accurate representations of true cost. Gain an accurate representation of true costs for your orders with multi-round negotiations based on total demand and capacities including product and freight costs.

Read More >>
Collaboratively manage & reconcile discrepancies. Integrate QA, inspection, and claims systems into your order management workflows. Easily compare what was ordered to what was shipped and received and collaboratively resolve any discrepancies.
Efficiently aggregate all vendor pricing to pay the lowest price. Leverage vendor initiated price sheet quotes with multiple online vendors and carriers to assess price, availability, inventory, deals and promotions from suppliers to directly create POs. Automatically assign pricing and vendor to purchase orders for predefined period.
Collaborative, multi-round tool to negotiate the best possible terms. Aggregate demand across the supply chain to receive, analyze and apply the best pricing available with a single product catalog across all DCs and automated vendor and price assignment.
Comply with PTI Milestone #7. Receive critical PTI and product data from trading partners via the ASN or PO utilizing existing workflows. iTrade offers a managed supplier traceability program to help your trading partners deliver the key product traceability data you need to protect your organization in the event of a food safety recall.
Automate individual store allocations based on demand, availability and inventory. Optimize DC to store order allocations and evaluate inventory and inbound shipments based on rankings and pre-determined business logic to save you time and reduce freight costs.
USDA Market Pricing data feeds for accurate contract benchmarking. Get the data you need for constantly changing commodity prices to create accurate and up to date contracts and pricing commitments.
Extend demand planning to suppliers for specific items and locations. Provide inventory visibility to specified buyers, suppliers, data planners and technical resources, enabling suppliers to manage and generate replenishment orders, and help your organization to avoid rush charges, express delivery fees, excess inventory and out of stock events.

Read More >>

MODULES

iTrade’s OMS platform is designed to meet your unique business rules and includes highly customizable modules to support your organizational workflows. Select a module below to learn about how iTrade OMS can be implemented to provide your organization with greater supply chain visibility and control:

Produce 95%+ more accurate forecasts for your ad business. Receive supplier quotes to meet pricing requirements and generate forecasts for ad business based on aggregated demand up to a year in advance. Designed for multiple divisions, locations, markets and ad types.
Track compliance against plan in real-time at order creation. Manage contract pricing, quantity commitments and compliance for multiple contracts collaboratively between buyers and vendors. Automatic price protection triggers based on USDA indices for enforcement of pre-negotiated contracts.
Aggregate current and anticipated demand to generate forecasts. Demand planning aggregates customer demand and generates forecasts that are 95+% accurate by commodity to improve buying power when sourcing to further streamline and automate procurement.

Read More >>
Manage DC and store orders all from a single system. Manage multiple workflows and optimize DSD POs to create full and cost effective loads and store orders based on pre-defined pricing, quantities, costs, allowances and arrival dates. Links directly to existing order, receiving, and accounting solutions and generates suggested order quantities (SOQ).

Read More >>
Combine FOB and freight costs for accurate representations of true cost. Gain an accurate representation of true costs for your orders with multi-round negotiations based on total demand and capacities including product and freight costs.

Read More >>
Collaboratively manage & reconcile discrepancies. Integrate QA, inspection, and claims systems into your order management workflows. Easily compare what was ordered to what was shipped and received and collaboratively resolve any discrepancies.
Efficiently aggregate all vendor pricing to pay the lowest price. Leverage vendor initiated price sheet quotes with multiple online vendors and carriers to assess price, availability, inventory, deals and promotions from suppliers to directly create POs. Automatically assign pricing and vendor to purchase orders for predefined period.
Collaborative, multi-round tool to negotiate the best possible terms. Aggregate demand across the supply chain to receive, analyze and apply the best pricing available with a single product catalog across all DCs and automated vendor and price assignment.
Comply with PTI Milestone #7. Receive critical PTI and product data from trading partners via the ASN or PO utilizing existing workflows. iTrade offers a managed supplier traceability program to help your trading partners deliver the key product traceability data you need to protect your organization in the event of a food safety recall.
Automate individual store allocations based on demand, availability and inventory. Optimize DC to store order allocations and evaluate inventory and inbound shipments based on rankings and pre-determined business logic to save you time and reduce freight costs.
USDA Market Pricing data feeds for accurate contract benchmarking. Get the data you need for constantly changing commodity prices to create accurate and up to date contracts and pricing commitments.
Extend demand planning to suppliers for specific items and locations. Provide inventory visibility to specified buyers, suppliers, data planners and technical resources, enabling suppliers to manage and generate replenishment orders, and help your organization to avoid rush charges, express delivery fees, excess inventory and out of stock events.

Read More >>