Odoo Warehouse Management System
A good warehouse management solution empowers managers to make better decisions about inventory stocking, movement, and employee efficiency because information is accurate and readily accessible. The Warehouse Management functionality in Odoo allows you to manage multiple warehouses present in different locations of the globe and also control the movement and storage of materials within a warehouse. The Odoo Warehouse Management System (WMS) allows you to optimize important warehouse processes like procurements, shipping and replenishment functions by employing powerful system logic to select the best locations and sequences.
Managing Inventory Structures
The location structure menu opens the warehouses structure within your physical locations, partner locations or virtual locations. You also can create counterpart locations to map your major operations (customer deliveries, inventory profit-loss etc.) with the locations. Structuring your locations would in turn allow you to perform detailed analysis of your stock operations and give you a good insight of your warehouse organization.
Products are items you can buy and sell, which could be a raw material, a stockable product, a consumable or a service. You can define procurement and supply logistics. You can also define product paths and apply logistic rules by linking different locations; this approach helps to manage consigned products. Odoo provides you features to set customer and manufacturing lead times, define warranties, procurement locations and measurement units for your products. Odoo supports double units of measure where the same product can be expressed in two completely different categories of measure thus simplifying and automating your invoicing procedures.
Odoo provides you the option of checking your stock levels for different products for any selected location at any given point of time. You can calculate both the Real Stock (the actual physical quantity present in your Warehouse) and the Virtual Stock (calculated as real stock – outgoing + incoming) for all the physical locations. Virtual stocks are extremely useful as it allows your salespeople to see what they can sell. You can also view future stock forecasts based on expected stock changes, confirmed purchase/sales/ production orders.This software also provides you information about stock lead times and their locations.
Procurement orders in Odoo are automatically generated. You can set minimum stock rules in Odoo to help you avoid out of stock situations, stocks will be reordered automatically when they fall below the minimum set stock level. The system will automatically create a purchase order that will just need to be confirmed by the purchaser. In case of configuration issues, procurement exceptions will be created, that can be fixed automatically by the system or can be corrected by us. Odoo also allows you to create manual procurement orders.
Traceability & Production Lots
The double-entry management in Odoo enables you to run very advanced traceability. All operations are formalized in terms of stock moves, so it is very easy to search for the cause of any gaps in stock moves. With production Lots (usually identified by bar codes stuck on the products) you can efficiently track a single product or a set of similar products. You can get the complete upstream or downstream traceability for each production lot. You can also identify products and locations with barcodes and RFID devices.
Multi Company Environment
The multi-company environment in Odoo allows you to manage operations from different companies with different warehouses, customers, suppliers, products and different locations. You can easily configure the various logistics for multi company environment like configuring company structure, defining products, managing stocks, locations, storages, warehouses, accounting charts, users, suppliers & Customers, process flows, sales, purchases, delivery and many other features.