Inventory management is the core of any business. Inventory management is the process used by the company to keep a track of inventory from purchase to sale. It helps to identify which and how much stock is available and what to order at what time. If you efficiently carry out the process of product management, all the product procurement and product delivery can be managed properly. As the other department’s such as HR management, Finance management is crucial for the smooth running of the business process, inventory management is equally important as well. In today’s world, all businesses rely heavily on software-based solutions for day-to-day operations and inventory management.
There are a number of management solutions available to cater to inventory management and routine operation needs. Enterprise and resource planning solutions stand out because of their robust infrastructure and the way it operates. As there are various options so it becomes difficult for the business to choose one based on the requirements of the business. The company has to do a proper analysis to select the right yet effective enterprise for its business.
Odoo is an Enterprise Resource Planning (ERP) solution that provides complete operational control of a corporation through specialized and well-defined operation tools. Today, the Odoo platform is one of the most reliable business management solutions, with 5 million users from diverse industries using it across the world. Furthermore, with so many successful implementations and a long list of satisfied users, it’s clear that Odoo has something that no other business management software does. The firm has been driven to the platform because of the factors of reliability, high operations performance, and user-friendly elements of operations.
Odoo Inventory Management Features
- Double-entry data keeping
- Complete Tracking of Product
- Product Replacement Tools
- Product Movement Routes
- Integration with Purchase, Sales, and Accounting
- Multi Warehouse Management
- Storage Location for the products
- Barcode Scanners
- Enhanced User Interface
- Cross ‘docking and Drop Shipping Aspects for Product Delivery.
Benefits of Using Odoo Inventory Management
Tool of Operations
The tools of operation available in the Odoo inventory management module give you complete control and operational functioning. With the help of this tool, users can have full autonomy of operations. Not every employee is fully authorized to use the tool instead it depends on the employment level that ensures a complete hierarchy of operations.
Real-Time Operational Control
When it comes to the operation of a business with several channels through which sales activities are conducted, such as online, retail, and wholesale components, the need for dedicated tools that will help with real-time operations is critical. The Odoo Inventory module’s activities are based on real-time data that has been collected with the features of the data available, allowing users to function without any interruptions during warehouse management.
Integration with Other Modules
The Odoo inventory module can be integrated with all other functional Odoo modules making the exchange of data easy for the users. The inventory module is directly integrated with Purchase, Sales, Manufacturing, Filed Services, Accounting, and many more.
Suitable for all Industries
Because of the great level of customizability that the Odoo platform provides for company management operations, the Odoo inventory management module is ideal for any type and scale of industrial activities. As a result, the developers will be able to define the platform based on the business’s operational and functional requirements.
Finally, with all of these features, the Odoo Inventory management system puts warehouse control activities in the industries on a far more efficient path than other alternatives. With the help of specialized tools of the process, Odoo Inventory Management will boost the efficiency and profitability aspects of the business function, catering to any type of warehouse management activities.
Rolustech is an Odoo Expert firm and has completed several projects in Odoo CRM Migration, Customization, Implementation, and more. Contact Us now for a FREE Business Analysis. We will be glad to assist you!