Odoo ERP and Inventory Processes:

Odoo ERP system does not stop its help within the threshold of your headquarter
as Odoo is capable of ensuring your inventory location is meeting the needed stock
levels at all times through Odoo stock management.
If you have a team that exerts its efforts to ensure your warehouse is having an easy order
fulfillment flow and that stocks are not running out,
you can give them the chance to excel at other developmental aspects since Odoo is capable of doing that job,
with zero number of errors.
Odoo’s methodology of tracking stock levels ensures a successful process and complete client satisfaction
through a speedy and organized process.
If you are wondering how you will get Odoo implemented in your business in the first place,
this happens through an Odoo implementation company such as OEC.
Also, you are free to learn more About Us.

Stock Tracking: 

Odoo stock management works on digitizing your stock tracking process;
it has the ability to maintain the stock level at what is requested.
The system can re-order or request internal transfer of the same stock that used to exist
once the stock level gets below a certain number.
In case of any stock move, these updates will hit your record instantly ensuring your system is up to date.
Additionally, Odoo stock management system gives you clear real-time inventory levels,
so you can supervise it from your own office.
This also provides you with human error free stock levels.
Since restocking your warehouse with the right needed amount while avoiding overstocking
is a time-consuming process, Odoo has all this into consideration and can have it done at a competitively
fast pace ensuring your business is moving forward.

To fulfill your curiosity, you can know more about Odoo stock maintenance
with OEC here The Power of Odoo ERP Manufacturing

Odoo Stock Classification: 

For better organization and error reduction, Odoo stock management works on storing
the different orders that you have in different categories either per aisle, shelf, area, etc.
Odoo can create different areas within the same inventory location.
The Odoo inventory applications allow the option of categorizing orders with bar-code
or serial numbers which ensures no confusion among the available stock.
This indicates that the real-time tracking Odoo stock management provides is accurate,
for there is no space for errors with serial numbers usage.
Additionally, Odoo is capable of carrying out this process in multiple inventory locations
at the same time for the different projects of your business. 

Integration:

Since Odoo’s slogan is to ensure integration, Odoo stock management inventory application
makes sure that your stocks are aligned with the general status of your business,
and this happens through integrating with the different departments to be in sync.
This definitely is applicable since Odoo ensures easy use for the employees as well as one suite
to navigate within for the different concerns.
For instance, in case of returns, Odoo works on categorizing these returns as either mal-functioned,
refurbished, etc.
Then, every return update will reflect not just on your stock sheet but also in your accounting department.
You should not worry how this integration will take place or look at it as an impossible process.
In OEC, our Odoo implementation team takes care of the whole integration process from integrating
with your old tools to migrate the old data until they reach full integration among
your new Odoo apps and departments as well as third-parties.
Therefore, you can Request a Demo to have your questions about every service provided answered.
Additionally, if you would like to have a close look at the integration process of Odoo,
you can visit this link. Importance of Odoo for Small Business

Cost Management: 

Odoo stock management provides your business with multiple methods to choose
from it how you will track the cost effect on your stocks.
For example, you can choose your value calculation as per FIFO, standing for first-in,
first-out, or LIFO, meaning last-in, first-out.
Since Odoo ERP system as a whole can manage your finances and billing accounts,
it is capable of providing stock valuations in order to manage studying the effect
of different stock moves as well as giving time to your team to call out areas for improvement.
This leads to an easier and more precise decision making process as all the stock and valuation
information to be provided is digitally correct.
If you are interested to know how Odoo can cause a revolutionary move in your billing
and accounting management as a whole, you are always welcomed to Contact us. 

Expiry Avoidance Techniques:  

Since Odoo stock management deals with the different kinds of stock storage,
it needs to be practical in order to meet the nature and criteria of the different products.
Therefore, Odoo stock management can scan the expiry date of the different products in the stock.
This way, Odoo shows real-time status of these products and gives you the option to apply the FEFO method.
FEFO stands for first- expired, first-out.
This way Odoo ensures your business has the least possible goods damage,
and all the stock is delivered to the client in a healthy status.
This explains why Odoo has the option to do batch-picking.
In batch-picking, you are capable of picking big batches of orders all at once in order to ensure
their delivery at the right time without letting them stay in warehouse stock, occupying a space,
as well as exposing these products to faster expiration. 

Reporting and Performance: 

Odoo stock management does not only focus on the current time stock management,
but it aims at witnessing the stock processes of your business elevate.
Therefore, other than providing real-time vision of stock levels and order fulfillments,
it works on providing reports that tackle the problems that need to be worked on.
This additionally goes hand-in-hand with the fact that Odoo stock management
integrates with the rest of odoo modules, so it ensures that every step taken
is in the interest of the rest of the departments, hence the business as whole.
Also, to ensure productivity, Odoo stock management system sends alerts whenever
it detects a stock run-out or a lead time.
Moreover, for an easier method to apply your own analyses,
Odoo stock management provides user-friendly dashboards that are customizable,
so you will let your employees work on their own preferred methodology
with smooth tools to ensure thrilling results. 

To fathom more how OEC implementation company can track your performance
and ensure you development, check this Odoo Certified Partner

No-Stock Orders: 

Adding to its flexibility, Odoo stock management is capable of reading the criticality
of some deliveries; therefore, it has the option that is known for drop-ship.
Through this option, you can request for certain parcels to be delivered immediately
once your warehouse receives it, without passing by the stock phase.
This feature presents your business in a professional portrait leading to client satisfaction hence loyalty.
Also, this way, Odoo stock management ensures inventory location availability
and no over-stocking. Hence, your reports will show free space for more deals to come. 

Conclusion:  

Odoo ERP system does not only imply scheduling your team’s leave times and storing their data.
Odoo has a large number of modules including Odoo stock management.
This module does not only allow you real-time tracking as it is capable of doing the job
for you rather than having a whole team track and submit reports.
You can utilize that team to work on carrying out progressive plans using the insights provided by Odoo.
Since every business’s number one concern is to win over the deals
and ensure having a loyal client, Odoo makes it come true.
It ensures on-time deliveries and healthy status of the different stocks.
Additionally, Odoo stock management assists with having space in your warehouses
which opens the door for even more deals to come. Since, as known,
Odoo is an all-in-one solution, it ensures that every stock move or order delivery integrates
with the rest of your departments’ needs with accurate results and human error free calculations.
Lastly, rather than subjecting your employees to billing and accounting errors,
you have it in your hand to digitize your system in an era that stops the manual
work and is ready to conquer a digital future.
We in OEC understand that you have queries that need to be answered;
therefore you can Contact us whenever you wish. 

Also, if you already made up your mind that you want to have an Odoo ERP system,
you can visit our blog to know more about what the Odoo Implementation company
achieves in your business.
Why Should You Hire an Odoo ERP Consultant for Your Business