Odoo Inventory

Features of Odoo Inventory Management Module

Inventory is the heart of the business, it is from here all other parts of the business get sufficient energy to survive. If properly managed, the business remains healthy, otherwise always messy. Odoo inventory management is a resourceful module which can be utilized by any business organization irrespective of their size. It is designed in such a flexible manner. Odoo inventory is fully integrated with other applications, such as Purchase, Sales or Inventory. But is not limited to those processes, it is also fully integrated with our e-Commerce, Manufacturing and Repairs applications. To Access inventory and warehouse management module in your ERP, you have to install ‘Inventory Management’ app from Odoo.

Odoo inventory management makes a worthy product to use because of the following features.

Clean and Fast 

Odoo Double entry inventory management, flexible design, modern user interface, mobile control and tracking mechanisms make Odoo a clean and fast performing ERP.

Basic operation support 

Prepare delivery order in simple steps, control and manage incoming shipments, prepare inventory counts (cycle counts), multiple location management, barcode-based packing, efficient scrap management, stock transfer option etc. Odoo support all the basic and advanced operations takes place in a warehouse

Advanced Routing Odoo

Advanced routing support operations like

 Drop-shipping

Deliver to customers straight from your supplier based on products, orders or customers.

 Cross-Docking

Unload incoming material and directly transfer to outbound gates with little to no storage in between.

 Put away & Removal strategies

Define your own storage and removal strategies; FIFO, nearest available zone, LIFO, etc.

 Pick – Pack – Ship

Design your own order process flow. Deliver to customers in one step (delivery order) or several steps: picking, packing, and shipping.

 Push & Pull Routes

Design your own product routes to automate transfer orders between warehouses or locations.

 Multi-Warehouses

  • Manage all your warehouses with the same system and define replenishment rules between warehouses.

Replenishment

To keep your inventory properly replenished, Odoo provides options like

→ Minimum Stock 

Have proposition of purchase orders (or request for quotations) created by Odoo based on your future stock forecast.

→ Purchase Propositions 

Get purchase order propositions based on supplier lead times, product demand and inventory forecasts.

→ Make-to-Order 

Purchase raw materials or manufacture products to order. Define your own routes specific to warehouses, products, orders, etc.

→ Request for Quotations 

Want to negotiate a price with suppliers every time you buy a specific product? Odoo can trigger a request for quotations automatically based on future needs.

 Traceability

Tracking your product inside and outside the inventory is a challenging task. But Odoo traceability features like ‘Lots Tracking’, ‘Activity Log’, ‘Serial Numbers’, ‘Perpetual valuation’ make it easier for you.

Product Management Features

→ Product Types

Odoo supports several product types that have different behavior: physical products, consumables, services, digital products.

→ Kits

Odoo’s kitting features allows your salesperson to sell a kit, but you will deliver a set of products.

→ Custom fields

Add as many custom fields as you want on products to handle your business needs.

→ Multi-Level Variants

Define multiple level variants in just a few clicks. Create matrix based on colors, sizes, attributes, etc.

→ Multiple units of measures

Odoo supports multiple units of measures and converts automatically for you: buy a pallet of beer, sell packs of beers.

→ Expiration Dates

Track expiration dates on products.

→ Multiple Barcodes

Create custom barcodes with specific codes to implement desired behaviors, such as a specific promotion.

 Business intelligence

The capability of Odoo BI and reporting tools are already evident in many modules. Odoo BI tools perform similar admirable jobs here in Manufacturing module by providing reports like inventory forecast, customer transaction drill won reports, perpetual inventory valuation reports etc.

If we compare Odoo Inventory with proprietary ERP Microsoft Dynamics, we can that find many features like Freight Carrier Integration, Consignee stock management, etc. are not available there. And if the comparison is between SAP and Odoo, Odoo has the advantage of features like multiple variant support, Up and Down traceability, more effective barcode support etc.

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