An essential indicator of a company’s profitability is its margin. Businesses may assess how well they turn sales into profits by measuring the difference between sales revenue and associated costs. In Odoo, margins are often associated with the pricing of products. The margin represents the difference between the cost price and the selling price of […]
Dropshipping is a retail fulfillment method where a store doesn’t keep the products it sells in stock. Instead, when you sell a product, you purchase the item from a third party and have it shipped directly to the customer. #dropshipping #dropshipping2023 As a result, the merchant never sees or handles the product. The primary advantage […]
In Odoo, a quotation template is a style that enables the quick and efficient creation of sales quotes. #odoo17 #odootutorials It increases productivity and ensures consistency among quotations by enabling users to create a standard template with pre-filled data. Odoo quotation templates are helpful, especially for businesses that frequently offer quotes with comparable terms and pricing […]
The permissions and limitations that are given to individuals or user groups with connection to the data and functions of the system are referred to as access rights in Odoo. These access rights aid in limiting who is able to do what within the various Odoo modules. #odootutorials #odoofunctionalvideos Internal users can access the application, defining […]
Upselling is a sales strategy where a seller encourages a customer to purchase a more expensive or upgraded version of a product or service or to add on additional items. The goal is to increase the overall value of the sale and maximize revenue.Upselling is the process of delivering a higher quantity than the ordered […]
A sales team is a group of individuals within an organization who are responsible for selling the company’s products or services to customers. Activity Types” refer to different types of activities or tasks that can be associated with various records, such as leads, opportunities, or projects. Activity type helps to bridge good communication between the […]
Most companies have expired or unused products after several years for various reasons. These expired commodities are not able to sell in the market to customers. The unused items cause several unsatisfactory results when used by individuals. It is possible to set alerts or warnings for the products in a company using ERP software. Sales […]
The Many2One field in Odoo is used to link the current object to another object that acts as a parent for the current object. #odootutorials It is used to set one value (link to one record) and one-to-many when you want to set multiple values (link to multiple records). #odoodevelopment #odoodevelopment #odoo17 Connect With Us: ————————————— ➡️ […]
Section: In Odoo, a section typically refers to a grouping or categorization of related information within a module or a document.In the Sales module, you may find sections such as quotations, sales orders, and invoices. Each of these sections contains information related to the respective stage of the sales process. Notes: In Odoo, the term […]
Incoterm” stands for International Commercial Terms, and they are a set of standardized three-letter trade terms created by the International Chamber of Commerce (ICC). #odootutorials Incoterms are widely used in international commercial transactions to define the responsibilities and obligations of buyers and sellers regarding the delivery of goods, the transfer of risk, and the payment […]
