Odoo 14 book

Inventory

Inventory the aspects of every company where all the final result operations are committed. The final results of a company are the product movement and storage which takes place in the inventory of a company. In addition, this is an area where all the strategy management operation booths advanced, complicated and simple should function together in a group to batting the expected results. Odoo software recognizes the need of an effective, efficient and reliable inventory management system which paved the way for the development of Inventory model and its additional attributes.

The Odoo inventory module interconnected with the various aspects of company operation such as sales, purchase, point of sales, repairs, manufacturing and many more aspects in the company operation of Odoo. This allows the Odoo platform to have an efficient operation and would improve the productivity and the profitability of the company.

There are various feature of the Odoo inventory module which makes it stands out among its competitors here are some of that:

Low processing time

The Odoo platform in turn has the lowest processing time in performing the operations. The Odoo inventory with the double entry based operation and its processing times are the best among the other ERPs

Simplifies Inventory operations

The module has a simplified approach in the basic operations of an inventory such as shipping, delivery, product in coming, outgoing, in house product movement and many more aspects of the inventory operations.

Removal strategies

The Odoo inventory allows the users to choose the various removal strategies such as FIFO and LIFO which can be configured in the product removal operations on sales and manufacturing. The operation works on the aspects of traceability operations of the Odoo platform

Traceability

The Odoo inventory allows its users to allow lot and serial numbers which would in turn allow the user in the in house traceability and outhouse tracking aspects of the product sales operations.

Routing

The product movement in the Odoo inventory is based on the routes described which are followed with no questions asked and are stuck with it. These routes can be created customized and interpreted at various instances of the inventory operations.

Advanced routing

The platform allows the users to implement advanced routing options such as cross docking and drop shifting. This will allow the users to strategies the various product movement aspects in the Odoo platform.

Rule of routing

The routing operations in Odoo are performed based on the rules set in the operation. Mainly the push and pull rules which will describe the product movements at the time of purchase and sales. These rule based operations can be configured as per the user requirements.

Lead times based operation

The platform allows the users to describe the leads times at various aspects of the company operations such as. Delivery lead times, purchase lead times, manufacturing lead time and vendor lead times. This will set the duration on which the products can be delivered and purchased. This would ultimately lead to inventory forecasting based on the lead times of operation available.

Replenishment

The Odoo platform will allow the users to replenish the stocks with automated options of the reordering rules of operation. The minimal stock requirement set in product description will trigger the reordering aspects of operation.

Product types

The inventory storage can be described and classified based on the product types description in Odoo. The product can be classified as consumable, storage, service and digital products.

Kits

The products can be collided to be sold in kits. These kits and the products involved in them can be configured as per the user terminologies.

Product variants

This is another terminology of Odoo inventory operations which allows the users to classify the products available. The products can be classified into customizable variants and multi-level variants can also be classified.

Multiple warehouses

The Odoo inventory and warehouse management allows users to manage the operations of the multiple company warehouses from centralised control.

Barcode integration

The Odoo platform with the benefits of external device interaction abilities will allow the user to encode barcodes in the inventory operations.