What are "pre-defined order types" used for in Oracle Order Management?

Pre-defined order types in Oracle Order Management serve the primary function of categorizing orders based on specific attributes and requirements. This classification allows organizations to streamline their order processing by applying different rules and workflows tailored to the characteristics of each order type. For instance, a company may have distinct order types for wholesale, retail, backorders, or returns, each with its own set of processes to handle them effectively. By leveraging these predefined classifications, companies can enhance efficiency in order fulfillment, reporting, and tracking, ensuring that they meet the requirements associated with different types of transactions. This structured approach is crucial for managing diverse order scenarios and optimizing operational workflows within the system.