Warehouse operations of the company should be effectively and efficiently managed while performing the various operations of the product movement within a company. The stock register and report maintenance of the process and projects conducted on the warehouse help the company while performing audits of other report generation functions. The adjustments are done on the inventory and the warehouse should be properly registered by the officials and reported to the superiors for the verification and processing of the reports.
Since inventory management has evolved in the strategies and the operation throughout the years also has the methodologies of running them and operating them. This evolution witnessed the rise of Enterprise resource planning (ERP) software which could manage and run the entire warehouse operations with ease. The software solutions have an integration with the updated data and the processings done which can be verified and managed by multiple officials of the company. This enabled the development of various ERPs with external servers to store information and furthermore to the development of ERPs with internal servers.
The Odoo software is an updated ERP platform that not only allows the companies to manage the warehouse but also manages and performs all the business operations of the company. It can be called as the one-stop business solution for all the aspects of a company from inventory management, net, manufacturing, sales and purchase, human resource planning, service, repair, and customer relations. All the operations in Odoo can be controlled and performed by various users in the platform of the company which can be specified while installing the platform.
The updated version of the Odoo platform allows the users to perform all the inventory adjustment operations and have a clear cut record of the functions being performed. The platform also allows the users to set the route of product movement for the various operations performed in the warehouse. Let it be any sort of a company from a manufacturing facility, a retail chain, rental business, or a retail shop, Odoo has the perfect solution for the warehouse management of the products. Additionally, the platform allows the user companies to manage multiple warehouses of various locations from the same single platform, with the same degree of operational management.
Compared to the various ERPs available to run and manage the warehouse operations of a company, Odoo platform has various benefits that overtake the performance of the other ERPs.
This blog will discuss the various benefits of using Odoo platform for the inventory management of the company at various aspects of operation such as
N number of Shipments
The platform allows the user to take in any number of shipments in a day and purchase products from multiple vendors. There is no limit to the shipping quantity and products being done on the Odoo warehouse management. With the help of a separate inventory management module in Odoo, all the purchase and sales shipments are performed effectively without errors. All the shipments of sales are processed efficiently with the initial check of inventory availability while taking up the sales order. The availability of the products in the inventory are directly informed to the customer while checking out the products from the online website of the company, the same is displayed on the point of sale window of the retail store.
The Odoo platform allows the user to trace the product movements within the company and out while shipping them to the customer. The traceability of the products in Odoo can be done with the help of unique serial numbers and lot numbers for multiple products. The serial numbers and lot numbers are assigned specifically to the products while receiving the purchase order from the vendors at the warehouse. The Odoo platform always verifies that a single lot number and a single serial number is assigned to a single product and always restricts the user to assign multiple products with the same serial number with warning messages.
The platform allows the user to manage multiple warehouses of the same company at various different locations. In the case of a multinational corporation that has multiple warehouses at various locations of the globe, the platform allows the users to add all of them to the inventory section of the company and can be managed effectively for each of the product movements in or out of respective warehouses.
Routes of Product Movement
The platform allows the user to create routes of operation for the movement of the product for purchase, sales, and manufacturing. The routes are predefined by the user which are customized based on the business strategies available in the company. The routes of the platform determine the product movement within the company. The routes of operation are defined by the default rules available in the platform which can be configured as per the operation of the business. The push and pull rules are assigned to the various routes available to perform the action.
The Odoo platform allows the users to set the reordering rules on the products available. This enables that the company stock never runs out on the products and there is no issue of overstocking. With the help of warning messages, the Odoo platform will always ensure to provide information on the low stock. If the user prevails to cut out the product from the company he/ she can always remove the stocking rules from the product menu. Automatic procurement can also be arranged in the Odoo platform at the instance of minimum stocking rules. The reordering rules in Odoo allows the user to set a minimum and a maximum stock count of the respective products engaged with this rule.
The platform allows the user to have barcode integration in Odoo with the help of a simple barcode scanner and enabling the barcode integration option in the settings menu. The application of barcode in Odoo can be configured for the intake of the products at inventory and for registering all the inventory movement at various stages of operation. The platform allows the users to generate various barcodes for the respective products based on the nomenclature available on the platform. The Odoo also allows the users to print out the sample barcode images of the ones which are generated.
The advanced reporting feature available in the warehouse management of the Odoo platform allows the user to generate reports based on the various parameters and strategies available of which some are of custom made features and the others can be customized as per the needs of the company. The filtering parameters can be changed based on date, company receipts, etc and the group by functionality in the reporting menu helps the users to group the warehouse operations based on dates, products, dates, company, product variant, etc. The platform allows the user to generate pie charts, bar graphs, and line graphs on various reports which are available.
The Odoo platform has one of the advanced ways of managing the inventory and the warehouse operations of any form of company with utmost effectiveness and efficiency. The user-friendly ERP solution for all the business needs has always helped the user to be updated with the inventory operations and the adjustments performed with the help of the reporting functionality of the inventory module.