Why would you use Odoo for Inventory Management?
13 January, 2022 by
Why would you use Odoo for Inventory Management?
Shivam Singh

Are you still stuck amid head aching double entries and human errors while managing inventory operations? If yes, then don’t let your inventory operations drag back your business processes. Unreasonably, it’s time to switch to an automated inventory management system from manual operating practice. Just like Odoo for inventory management.

Now, if you have already made up your mind, then the next obvious question would be- Which inventory management software is best for my business. Before we dive into the deeper context of software features, let’s find out factors that suffice the need of your inventory:

  • Able to manage any volume of products.

  • Works effortlessly for multiple locations.

  • Tracks record accurately.

  • Monitor cycle points.

Owning these features will undoubtedly contribute to a business’s asset management. If you are hunting for the most efficient inventory software, give a thought to using Odoo. Be it any business size or complexity, Odoo inventory management application will integrate with all your business processes accurately.

Maximize your Warehouse Efficiency with Odoo Inventory

Using Odoo for warehouse management, one can better organize their inventory operations while improvising the performance and processing time. Chances of stock-outs is the least possible thing with fully automated replenishment. Automated RFQs and order points will take care of the supply chain process efficiently.

Stock Moves: Nothing is lost, everything is moved

In Odoo inventory, the records are not saved as stock input, output, or transformation; instead, all operations are stock moves between locations. So, you could experience the total traceability of every stock move with Odoo’s unique double-entry inventory system. From purchase to warehouse bin to sales order, you can track each stock move with the utmost ease.

For example:

You have a demand for XYZ products, but you don’t have that product in your warehouse. So, you would probably place a purchase order for the product. Once you place the purchase order, it is referred to as one stock move for that particular product.

Now, once you have received the purchase order, the inventory automatically updates the product as available to sell. So, once you validate the sale order, another stock move will be created for the XYZ product. This way, there are a total of two stock moves of the product, which are typically incoming and outgoing operations.You can view stock moves referring to purchase orders, manufacturing orders, or sale orders by filtering them according to your requirements.

The Bottom Line: Why to Choose Odoo for Inventory Management?

Having known about the features and favors of the Odoo Inventory for your business, the next step would be availing expert’s consultation. So, if you are seeking out the help of an Odoo development company, then contact Aktiv Software. We will help you acquire all allied Odoo development services from development to implementation.But if you are already using Odoo inventory and looking for some productive enhancements, then we have Odoo inventory management module, which is specially customized to ease down the tasks of inventory/stock manager, employees, and other stakeholders.

Odoo also allows you to generate real-time reports if you want to access any stock move information for further reference.

Further, Odoo Inventory assists in:

  • Use barcode scanners for each stock move: inventories, incoming/outgoing shipments, packing orders, etc.

  • Traceability features like Lots Tracking, Activity Log, Serial Numbers, and Perpetual valuation make it easier to track records.

  • The flexibility of adding custom filters according to your business requirements.

  • Multiple warehouses management within the same system with appropriately defined replenishment rules between warehouses.

  • Demand for particular products

  • Products on order

  • Products reserved for production (manufacturing)

  • Usage of products for analyzing product performance.

in Odoo