It is a digital procedure to manage the lifecycle process of an customer order and tracks all the information and data including order entry, inventory management, fulfillment of customer desires and after sales service which is visibility to both business and buyer.
Facilitating the effective and inexpensive execution of market transactions is the goal of an order management system, or OMS. To manage orders for a variety of instruments, brokers and dealers use order management systems, or OMSs.

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