At present, supply chains are interwoven and so complicated to understand. Also, digitalism has made things more complicated. There are eCommerce platforms which are virtual shops. However, people shop from there just like they do in real life. These eCommerce platforms have their warehouses far far away from where they deliver the orders. Also, some eCommerce platforms do not even own any warehouse to have their inventory. They just place orders with other retailers. And that’s how supply chains become complicated. Still, people get their orders delivered in time, and they keep ordering from the same platforms because they trust them. How?
There are inventory management platforms like Odoo Inventory. Retailers and inventory management businesses opt for these automated platforms to manage inventories.
Odoo Inventory Module for Inventory Management
If you want to have complete control over all activities of the inventory, then you need to automate:
- Products management
- Product tracking
- Product dispatching process
- Drop shipping
- Cross Docking
- Centralized system
You see, all these features are crucial for inventory management and the efficient working of supply chains across the world. Coming towards Odoo Inventory software, you will be able to enjoy the following features:
1. Speedy Processing
To manage an inventory, the most important thing that businesses need is speedy processing. Retailers succeed in establishing customer relations based on trust, and for trust, they must come up with the expectations of customers. The foremost expectation of the customer is the timely delivery of the order. Odoo Inventory enables users to process orders in inventory speedily.
2. Advance User Interface
Odoo Inventory provides an advanced user interface. It provides users with a dashboard where they can get an overview of the inventory operations. The dashboard may include key performance indicators (KPIs) such as total stock value, stock movements, stock levels, and reorder points. From the dashboard, you can navigate to various sections and perform inventory-related tasks.
3. Traceability
It is very important to trace all activities in the inventory. Picking, shipping, and quality control, for all inventory operations, traceability is the need. You can do it with Odoo Inventory. The user interface in Odoo’s inventory module includes features that assist in the tracking of manufacturer batches through the use of barcodes or serial numbers that ultimately assists in the tracing of activities in inventory.
4. Advance Routing
Advanced routing in Odoo allows you to define specific rules for the movement of products between locations, such as warehouses, picking zones, production areas, or delivery routes. That way workflow improves. The tracking and delivery of items in the inventory and from the inventory become easier. Opting for advanced routing in Odoo will enable you to:
- Create different routes for the smooth movement of products in inventory.
- Craft rules to start the movement of a product on a specific route.
- Decide Order Point Rules to manage the availability of products in inventory.
5. Push & Pull Notes
The terms “push” and “pull” in Odoo’s inventory management module relate to various inventory management methods or techniques. How inventory moves are started and managed within the system is determined by these techniques. Orders are transferred from warehouses to the locations provided in the addresses. To manage order delivery, there are needed push and pull notes. These notes help to custom product routes.
6. Cross Docking
Cross docking in Odoo Inventory will ask users to set ‘Receiving’ and ‘Shipping’ locations. This feature will help in reducing the time needed for order processing. When a purchase order or transfer request is received, the goods are directly assigned to the cross-docking location instead of being allocated to the regular warehouse storage. Then, the system generates cross-docking tasks or orders based on predefined rules and priorities.
7. Forecast Reports
Just like any other business, reporting is important for inventories as well. warehouses need to audit their orders, and their delivery so as to maintain not only inventories but the supply chains as well. Other than forecast reports, you can create quantitative reports and analytical reports. Using the forecast report menu, you may reserve, unreserve, and change priority directly in the forecast report. Customers as well as the overall number of sale orders will be shown.
Other than that there are a lot more features that Odoo Inventory offers for your inventory. Even if you need any other feature that might be accounting, billing, customer management etc. then you can opt for Odoo Inventory. And for this integration, you can simply contact Techloyce Odoo consultants. We are official partners of Odoo. For seamless integration or to know how to use Odoo Inventory, you can reach out to our experts. Other than consultancy, we also offer training and Odoo support.
