In the context of Odoo’s inventory management, scrap is a transaction or operation used to record and manage the disposal or wastage of products or materials. It allows businesses to track and account for damaged, expired, or unusable items in their inventory. When a product becomes damaged, expired, or no longer usable, it can be […]
Using the Consignment option available under the Settings menu, it is possible to set the owner on stored products in your inventory. #odooinventory The product will be sold by the retailer but the actual ownership of the product will be held by the supplier until the product has been sold to a customer. #odoo16 You […]
This video explains the replenishment in Odoo 16. Replenishment is an advanced feature in the Inventory module of the Odoo Platform. Replenishment can determine the efficiency of your flow of goods as they move throughout your supply chain. This is one of the most advanced features of the inventory application for efficient inventory management. #odoo16 […]
The system will look into as many storage locations as it can when you acquire goods. Since the system needs to decide which storage location is optimal for that particular product. Consequently, a brand-new function named storage category was added to Odoo 16. #odoo16 #odooinventory This allows us to compile numerous places into a single, […]
Inventory valuation refers to how you value your stock. It’s a very important aspect of a business as inventory can be the biggest asset of a company. #odoo14 #odooinventory #odoo An inventory valuation of a company helps to know the monetary value for items in their inventory. To ensure reliable financial records on inventory reports, […]
A good warehouse implementation takes care that products automatically move to their appropriate destination location. To make that process easier, Odoo uses Putaway rules. These are the rules of actions that have been described in the Odoo platform which will be used at the time of the purchase and incoming shipment of the products. It […]
Odoo inventory management is a resourceful module that can be utilized by any business organization irrespective of its size. It is designed in such a flexible manner. Odoo inventory is fully integrated with other applications, such as Purchase, Sales, or Inventory. But is not limited to those processes, it is also fully integrated with our […]
Having a precise inventory valuation is critical on the grounds that, it is the reported measure of the stock or the inventory that influences the expense of goods sold, the net profit, and the overall gain on the income statement. Also, the accurate inventory valuation measures the current resources, working capital, investors’ or proprietor’s equity […]
Odoo 13 inventory management is a resourceful module that can be utilized by any business organization irrespective of its size. It is designed in such a flexible manner. Odoo 13 inventory is fully integrated with other applications, such as Purchase, Sales, or Inventory. Get the module from our repository: This session discusses the Inventory management […]