Inventory Management
The inventory management module is an essential module that deals with the sourcing, storing, and selling of both finished products and raw materials. Inventory management includes the facets like supervising and controlling purchases from the suppliers, maintaining and arranging the storage of stocks, scheduling the inventory tasks, managing the amount of product for sale, and tracking orders.
It is a complicated process to manage inventory without digital support. Here comes the importance of Odoo inventory management. Using the advanced business management application Odoo, one can manage all the complicated tasks with few clicks. Without a smart approach, the business will be a mess and chaos. Odoo promises its users an effective, sufficient, reliable, and simple inventory management system that can bring the business to the topmost level.
The resourceful inventory module is suitable for any type of business irrespective of the size and type. It can be easily interconnected with the requirements of the company operations like sales, purchase, point of sales, repairs, manufacturing, etc. This feature will help Odoo to bring the business more systematic and professional and also it will improve the productivity and worth of the company.
Some of the important features of the Odoo inventory module are given below
• Odoo inventory module designed in a flexible manner.
• Odoo possessing double-entry inventory management helps to track all the operations.
• Low processing time.
• Odoo inventory can create delivery orders in a simple way.
• Simplifies inventory operations like delivery, shipping, product incoming, outgoing, etc.
• Odoo inventory allows various removal strategies like FIFO and LIFO.
• Odoo advanced routing supports drop shipping.
• Odoo inventory allows its users with multiple warehouse management. It will help you to manage all the multiple warehouse operations with the same system and define replenishment rules.