Yes, you can handle order management on Shopify admin. In that regard, Shopify is a great tool for merchants and dropshippers who don’t make their own goods. However, Shopify's basic options may not be enough for a manufacturer who sells directly to consumers and needs to track different inventory types.
Helping out manufacturers, Shopify has partnered with multiple third-party enterprises like Katana who can be found from Shopify's apps store.
Katana is a Shopify order management system which has been specifically designed for the modern manufacturer’s needs. With Katana, manufacturers have their entire order flow from purchasing to production sales in one place. Manufacturers are also able to have a clearer overview of their warehouse management.