The stock management/warehouse management function is probably one of the most important modules in OpenERP. Specifically for manufacturing and eCommerce companies it helps streamline the business. The Stock Management module of OpenERP helps your organization in managing the inventory at various locations, which include locations internal to the organization and external locations such as that of customers & suppliers. The entire module is based on location hierarchy which makes the management of inventory highly efficient and convenient.

Location Management

Manage all internal as well as external locations of your organization with a click – create physical/virtual locations, manage delivery methods and pricelists according to each location, categorize them as warehouses, create and the entire location hierarchy.

Products

Use the product management module to add products and view their stock details in a single click. At any point of time, you may choose to view products at a single location by choosing the location from the location structure. These locations can be linked in order to define paths for movement of products.

Traceability

Tracking is possible with the help of concepts such as Tracking Lots and Production Lots. While tracking lots allow users to track a set of products, production lots are used to track a set of single product. Products are moved from one place to another several time before they reach their destination and OpenERP not only allows users to track (both upstream and downstream) every move of the product, but also provides them with the facility to view transactions of the past or transactions that are planned for future.

Automatic Procurements

Script minimum stock rules to avoid running out of stock at any point of time. Specify minimum and maximum stock levels that will ensure that your stock is automatically procured to keep up with your stock requirement. Purchase orders are generated automatically during such transactions.

Warehouse Management

Manage all your incoming products, internal moves, outgoing products and delivery orders. Incoming products are ones that are sent by suppliers on raising a purchase order. You also have the flexibility to manage back orders and reception of products by order lines. Internal moves represent movement of products within internal locations (generally warehouse) of your organization. You can define internal movements, create new transactions, approve such transactions for packing and track them till destination.

Outgoing products are orders that are moved from the warehouse to another location (for instance, delivery) on confirmation of sales orders. Delivery orders represent the final movement to the customer. You may choose to move your products to the customer in a single go or choose to do so by moving the product from stock to say, quality and further to the customer after confirmation.

The best part of using OpenERP warehouse management is that it can be integrated with other modules like Sales, Accounting, Logistics, etc. The Sales person knows whether the product is available or not, if yes then when can it be delivered. The accounts person knows when to order new raw materials and finally the logistic person knows where he has to ship with the exact number of quantity.

Want to implement inventory management for your business through Odoo (OpenERP)? Get in touch with us today.