Costing methods are an essential part of accurate inventory management and financial transparency for any organization. Without them, tracking inventory value and profitability can become complex and difficult to manage. Odoo 17 supports three key costing methods: 💰 Standard Price: Keeps inventory costs fixed, regardless of purchase price changes. 📊 Average Cost (AVCO): Dynamically updates […]
Odoo 18, package reservation is a crucial feature for efficient inventory management, especially when dealing with products that are packaged in specific units. It ensures that the right quantity of packages is reserved for outgoing shipments, preventing stockouts and improving order fulfillment accuracy. Key Points: Product Packagings: To enable package reservation, you need to define […]
In Odoo 18 Inventory, Scrap refers to the process of removing damaged, defective, or obsolete products from your inventory. This is done to ensure that only usable and sellable products remain in stock. Here’s how it works: Create a Scrap Order: Navigate to Inventory — Operations — Scrap. Click “Create” to start a new scrap […]
In Odoo 18 Inventory, a reception report is a crucial document that provides a detailed record of incoming goods or products into your inventory. It serves as a valuable tool for businesses to track and manage their inventory effectively. Key Features and Benefits: Accurate Inventory Tracking: The reception report helps maintain accurate stock levels by […]
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 […]
Cluster picking in Odoo 18 Inventory is a method to optimize the picking process by grouping multiple orders together that need to be picked from the same location. This helps to reduce the number of trips warehouse workers need to make, improving efficiency and productivity. Here’s how cluster picking works in Odoo 18: Configuration: Enable […]
Automatic Reordering Rules in Odoo 18 Inventory Automatic reordering rules in Odoo 18 Inventory are a powerful tool to streamline your inventory management and ensure you always have enough stock on hand to meet customer demand. These rules automate the process of creating purchase orders or manufacturing orders when stock levels fall below a certain […]
In this video, learn how to set up products & locations to receive and store your items in Odoo Inventory. 0:00 – Introduction 0:36 – Configure Product 2:09 – Configure Locations 3:53 – Inventory Dashboard 4:35 – Receive and Store Products 7:40 – Check and Adjust Stock Levels 9:10 – Conclusion **Check out more Odoo […]
In this video, we’ll guide you through managing expiration dates in the Odoo 17 Inventory module. This feature simplifies inventory control by allowing you to track product lifecycles, set up alerts, and define removal dates to ensure quality and compliance. What You’ll Learn:✨ 🚀 How to enable and configure expiration dates for your products 🔍 […]
LIFO (Last In, First Out) is a popular inventory valuation method where the most recently purchased items are sold first. In Odoo 18, you can configure this strategy to automatically select the oldest stock for outgoing operations. How to Set Up LIFO: Enable Lot Tracking: Go to Inventory — Configuration — Settings. Under the Inventory […]