What is Order Management in ERP?

Order Management in ERP consists of many sub components, in any business orders is the key to ERP, Order management consists of the following items. Order Management is about keeping track of orders until you get cash, this is also known as order to cash. Simple order process is where customer place an order and payment is successful, warehouse receives order and item is shipped, order is delivered and customer satified, if not order is returned.

Order Management has the following sub products
Accounts Receivable
Revenue Management
Incentive Compensation
Sales
Partner Management
Tele Sales
Advanced Pricing
Marketing
Proposals
Sales Contracts