Manage Inventory with Odoo

1. Manage Inventory with Odoo Inventory management is an extremely important work for businesses that include retailing, e- commerce, wholesaling and distribution. Therefore, inventory management done right, helps your business grow and also progress. Planned inventory management makes customers contented and employees out of trouble. It also assists the whole association to work better. ERP solutions like Odoo enable businesses to cope with inventory management and also product locations very efficiently. Inventory management can come across many challenges without an ERP solution. Odoo is considered to be the best ERP solution, which can cater to all inventory management demands regardless of the size of the business. Moreover, it can manage warehouse space management, stock-outs, and product traceability issues. Likewise, it lets inventory teams professionally manage all vital tasks.

2. Effects of not using Odoo: On the contrary, not using ERP support, inventory management gets disorganized, hence loses real-time information which is essential to run the business. Which therefore causes problems such as: •Products stock outs •Backorders •Lost sales •Dissatisfaction of customers •Excess of products •Increased inventory levels, •Increased product maintenance cost •No product traceability •Inability to locate products Hence, Odoo ERP’s advanced features will help your business overcome all these difficulties and let your business run flawlessly. Why is Odoo inventory management the best? Without a professional inventory system like Odoo, you are safe from a lot of dangers and a long list of mistakes and mishaps. Therefore, to keep your business running safe and soundOdoo is your only option and it can benefit you in numerous ways. Some are listed below: •Nothing is misplaced, due to full traceability and double-entry inventory management •Also, the delivery orders are prepared on the basis of availability •Barcode scanners are used for every inventory process •It automates inventory transactions which improve transparency business operations •Automated RFQs make supply chain business more efficient Warehouse Management in Odoo Warehouse management is always challenging as it includes optimizing the stock levels, managing physical space, tracking of deliveries and orders. However, as a company grows, its warehouse challenges increase likewise. In Odoo, the warehouse means the space where the stock items are placed. Although, there are many suppositions regarding warehouse management, the objectives to transfer goods fast and stock them remains the same. Thus, If you want to make your warehouse management improved, you should learn from the industry’s cream of the crop. For this reason, Odoo warehouse management is out of doubt one of the best options. With this object, Odoo provides an option to support all basic operations that happen in a warehouse. The operations include management of shipments, preparation of inventory counts,

3. packing based on barcode scrap management. Odoo efficiently manages the warehouse workflow. Benefits of using Odoo warehouse management Any business that has a warehouse for their everyday products and inventory management requires warehouse management software. Therefore, Odoo facilitates such businesses by providing the following benefits: •Open ERP module help manage a large number of shipments •Decreases process time by automating transactions, and providing total traceability •Revolutionized accounting with the concept of double entry •Allows complete traceability of products from customer to suppliers •The advance reporting feature helps monitor products in a specific warehouse •Reduced processing time with logistic rules like push, pull, make to order, minimum stock rules •Automatic procurement by setting minimum stock rules •Functionality to handle multiple warehouses in different locations •Proper insights for quick decision making •Quick entries of inventories by barcode integration •Maximum and minimum inventory levels are maintained which helps remove the chance of overstocking •Keeps track of entering and also outgoing goods •Organizes data by finding necessary details from resources