Inventory Replenishment with Odoo ERP Solutions

  • Published : Mar,22,2023
  • By: David Smith
Inventory Replenishment with Odoo ERP Solutions

Introduction

Inventory management is a vital part of any business. As an owner, you need to be able to keep track of the stock that you have on hand and ensure that there are no shortages. This can be difficult if your inventory is spread out among different warehouses or even employees in different locations. Fortunately, Odoo ERP has a robust inventory replenishment module which can help make this process easier.

Inventory Replenishment

Inventory Replenishment is a module that helps you control your inventory. It’s part of Odoo ERP, and it can be used to automate ordering and manage stock levels for each product in your store.

Inventory Replenishment allows you to set up rules that determine when an order needs to be placed with suppliers or manufacturers. For example:

  • If the quantity on hand falls below a certain level, place an order automatically when the new shipment arrives at your warehouse.
  • Automatically reorder products every month once they’ve been sold out completely (or nearly so).

Automate order functionality in Inventory Replenishment

If you are using Odoo ERP, it is possible to automate the order process for a specific product or all products. In addition, you can automate the order process for a specific customer or all customers.

You can create an automated order workflow by following these steps:

  • Go to ‘Inventory > Operations > Inventory Replenishment’.
  • Select the product that you want to create an automated workflow for and click on “Add Order”.
  • Select “Automatically generate new orders based on sales history” from the dropdown list under the “Order Type” field in step 3 above (see image below).

Order once functionality in Inventory Replenishment

OER is a module that allows you to manage your inventory in a more efficient and automated way. You can set up automatically reorder rules for each item, or even create your own manual ones.

OER also features an order once functionality which means that once an order has been placed and paid for, OER will automatically place another order for the same items if they are running low on stock (or completely out).

Forecast view in Inventory Replenishment

Inventory Replenishment is a feature that allows you to plan your stock according to demand. You can use it by creating a forecast of the future sales and then use this information to adjust your inventory levels accordingly. This way, you’ll be able to avoid having too much or too little stock on hand at any given time.

In order to create an efficient forecast with Odoo ERP, you first need an accurate view of what’s going on within your business–so make sure that all of the data in your system is up-to-date!

 

Min Max Quantity (MMQ) in Inventory Replenishment

MMQ is a feature that allows you to set a minimum and maximum quantity in a product. It’s useful when you want to control the inventory or limit it for some reason, but it can also be used as an alternative to reorder points.

To set up MMQ, go to Settings > Products > Inventory Replenishment > Minimum Max Quantity (MMQ). Click on New MMQ and enter your settings:

Odoo ERP has an inventory replenishment module that will help you control your inventory

Odoo ERP has an inventory replenishment module that will help you control your inventory. You can automate your order process with Odoo ERP, order once with Odoo ERP, and forecast your inventory with Odoo ERP.

Conclusion

Inventory replenishment is a very important function for any business. Odoo ERP has an inventory replenishment module that will help you control your inventory and make sure it’s always available when customers want it.