What is FIFO | First In, First Out in Odoo 18 – CBMS Odoo ERP

FIFO stands for First In, First Out — a popular inventory method where the oldest stock (the first in) is the first to be sold or used (the first out). For more reference, watch this video: #Odoo18 #Odoo18Tutorials #OdooInventory #FIFO #FirstInFirstOut #Odoo18NewFeatures #OdooFunctionalTutorial #OdooERP #InventoryManagement #WarehouseManagement #OdooRelease Connect With Us: ————————————— ➡️ Website: ➡️ Email: […]

How to Manage Costing Method in Odoo 18 | What are the Different Types of Costing Method in Odoo 18 – CBMS Odoo ERP

In Odoo 18, costing methods determine how product costs are calculated and tracked within the inventory management system. Selecting the appropriate costing method is crucial for accurate inventory valuation and financial reporting. Odoo 18 offers three primary costing methods: Standard Price (Standard Costing): Description: In this method, each product is assigned a fixed cost manually. […]