Managing Expiry Dates in Odoo 18 Inventory
Odoo 18 provides a robust system to manage expiry dates for products tracked by lots or serial numbers. Here’s a step-by-step guide on how to set it up and use it effectively:
1. Enable Expiry Date Tracking:
* Go to Inventory — Configuration — Settings.
* In the Traceability section, enable both Lots & Serial Numbers and Expiration Dates.
* Save the changes.
2. Set Expiry Dates for Products:
* Go to the Products app and open the product you want to track expiry dates for.
* In the Inventory tab, under Traceability, select either By Lots or By Unique Serial Number.
* When creating or editing a lot or serial number, you’ll see an Expiration Date field.
* Enter the expiry date for that specific lot or serial number.
3. Using Expiry Dates in Inventory Operations:
* Inventory Adjustments: When adjusting inventory, you can filter products by their expiry dates to ensure accurate stock levels.
* Picking and Packing: When creating picking orders, Odoo can automatically prioritize items with earlier expiry dates, ensuring FIFO (First-In-First-Out) or FEFO (First-Expired-First-Out) principles.
* Delivery Orders: You can configure Odoo to display expiry dates on delivery slips and invoices, providing transparency to customers.
* Automated Alerts: Odoo can send automated alerts to notify you when products are nearing their expiry dates, allowing you to take proactive measures.
Additional Tips:
* Define Expiry Times: You can set different expiry times for your products, such as expiration time, alert time, best before time, and removal time.
* Configure Inventory Valuation: Odoo allows you to configure inventory valuation methods based on expiry dates, such as FIFO, LIFO, or weighted average.
* Leverage Reports: Use Odoo’s reporting tools to generate reports on expiring products, stock levels, and value.
* Optimize Your Inventory: Implement strategies like regular stock rotation and effective demand forecasting to minimize stock loss due to expiry.
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