Small businesses will often keep track of stock manually and determine to reorder points and quantities. Larger businesses will use specialized enterprise resource planning (ERP) software.
Odoo Inventory Management helps you to manage the process of ordering, storing, consuming and selling of Company’s Inventories such as Raw Materials, Spares, and finished products. It also helps you to manage maximum/minimum Inventory levels, facilitating maximum orders and initiating timely deliveries.
Odoo Inventory Management Features :
- It manages multiple warehouses and locations.
- It helps to manage products and their variants segregated by different product categories.
It efficiently manages the inventory by maintaining maximum and minimum levels which eliminates the possibilities of overstock of the products. - It seamlessly keeps track of the incoming and outgoing inventory within the small-medium enterprises.
- It organizes data by fetching the necessary details from various resources.
- It controls the processing time by automating the inventory transactions improving transparency in all business operations.
- Efficiently organize warehouse via smart double entry inventory system ensuring efficient stocking method and improved internal operations.
- Manage the overall warehouse within the same system.
- Manage the multiple warehouse locations, packing on the basis of barcodes, efficient scrap management, stock transfer option, etc.
- Unload incoming material and transfer to outbound gates with no storage in between.
- Maintain purchase order propositions based on supplier leads and other inventory forecasts.
- Tracking Lot/Serial numbers, expiration dates on products.
- Create custom barcodes with specific codes to implement features like promotions.
- It helps to move stock from one warehouse location to another.
- Manage Physical Inventory Adjustments based on physical stock availability.
- Helps to set up perpetual (real-time, automated) or periodic inventory valuation mode by product.
- It helps to integrate with Third-Party Shippers.
- Helps to calculate Landed Cost.
- Helps to Pack products assign barcodes to packs for easy tracking of the orders.
Inventory Workflow
Inventory Dashboard
Manage Product
Goods Receipts
Delivery Orders
Inventory Adjustments
Inventory Reports
Inventory Valuation
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