There are a lot of different inventory management systems on the market, but they all have one thing in common: they're not user-friendly. Users don't want to jump through hoops just to get their job done.
They need an easy-to-use product that can integrate with other systems and provide real-time tracking. At its core, Odoo is designed to meet these needs with an easy-to-use interface that provides real-time tracking and allows for multiple warehouse tracking.
The system also uses barcode scanning technology so you can easily track units of measure (UOMs). Furthermore, it integrates with other applications such as accounting software or CRM solutions like Salesforce so you can easily manage orders from start to finish without having to jump between different platforms or devices; everything is accessible from one place!
1. User-Friendly
Odoo Inventory Management System is user-friendly. It is accessible from any device and easy to learn and use. The intuitive design makes it an ideal software for both beginners and advanced users.
Odoo Inventory Management System allows you to access its features from any device you have, whether it be your desktop, laptop or tablet. You can also use the app on your mobile phone if necessary!
The interface of Odoo Inventory Management System is user-friendly because it has a simple design that makes it easy for anyone to navigate through the software's various tabs without getting lost in the process.
2. Flexible
Odoo inventory management system is flexible and can be tailored to your needs.
This is a web-based solution, which means you can use it on any device. For example, you can use odoo inventory management system on a computer or tablet in your office or at home, or even on a smartphone.
doo's intuitive interface makes it easy for employees at all levels of experience and expertise to navigate the platform efficiently.
By using a cloud-based solution like odoo, individuals across multiple locations can access information about orders in real time via mobile devices without having to spend money on expensive hardware upgrades like larger servers or dedicated software licenses per user location (which would have been necessary if they had instead decided to install).
3. Offers Real-Time Tracking
Another benefit of the odoo inventory management system is that it offers real-time tracking. You can keep track of inventory and see how much stock you have on hand, in real-time.
Real-time tracking is important because it helps you make better business decisions, such as when you need to reorder or restock products. It’s also great for keeping an eye on your profit margins and knowing how much money is being made from each sale.
4. Integrates With Other Systems
One of the best things about an odoo inventory management system is that it integrates with other systems. You can integrate your system with ERP, CRM and other systems. This makes it easy to exchange data between your odoo inventory management system and other systems.
It also allows you to store all your data in one place, which saves time when you have to search for information on a particular product or client.
It will also allow you to analyze data from different sources more easily, as well as share information between employees in different departments at once so everyone is on the same page when working together on a project.
5. Implements The FIFO Principle
The FIFO principle is also a common inventory management method. It stands for First In, First Out. This means that the oldest inventory is used first and the newest inventory is used last.
This principle is applied to determine which products you should sell first and which ones you should keep for later.
The reason this works so well with customers is that it gives them peace of mind knowing that their favorite product will most likely be there whenever they want it again.
6. Allows For Serial Numbers and Lots
A serial number is a unique identifier that can be used to track individual products. So, for example, if you have 100 mugs and send 10 to the warehouse for sale on your website, you might want to give each mug its own serial number so that you know which ones are available for purchase.
Serial numbers can also be used as an easier way of tracking lots (or groups) of similar products. For example, if your company makes 500 different types of t-shirts with unique designs but they all come in sizes small through 3XL, then instead of having one large inventory item called "t-shirt" with thousands of separate SKUs (stock keeping units), it makes more sense to create items such as "t-shirt small", "t-shirt medium", etc., because these will be easier for customers to search through during checkout when they're trying to find their size or color options.
7. Offers Multiple Warehouses Tracking
If you have more than one warehouse, you can use odoo inventory management system to track your inventory in each of them. This is a key feature of odoo and makes it one of the most effective inventory management systems available on the market today.
You can organize all your warehouses into groups and assign them to different employees so that each group has an assigned manager who is responsible for managing their warehouse's stock levels and ordering new products as needed.
This allows you to keep track of multiple warehouses at once, which is essential if you are running an online business where customers order products from multiple warehouses based on availability in those locations or which warehouse offers free shipping options.
8. Allows For Multiple Units of Measure (UOM)
Inventory management systems allow you to track your inventory in multiple units of measurement. This means, for example, that if you were using odoo Inventory Management System with Microsoft Excel, you could choose UOMs based on the type of product (such as clothing or electronics). You can also use UOMs to track inventory across multiple warehouses and locations.
The Unit of Measure (UOM) is a standard unit used in all inventory management systems. It allows you to keep tabs on your stock levels and know exactly what items are on hand at any given time.
9. Offers Drag and Drop Reordering
Drag and-drop reordering is a feature that allows you to reorder items quickly.
You can also use drag-and-drop reordering to order items based on the demand of customers or base your reordering decisions on inventory levels.
10. Can Be Run on Any Platform/Device
There are many great reasons to use odoo inventory management system. It can be run on any platform/device, which means it is available on mobile devices and desktop computers.
There are different inventory management systems on the market, but a lot of them miss key functionality or have too many restrictions.
There are many inventory management systems on the market, but they all have their flaws. Some are not user-friendly; some don't offer real-time tracking and others do not integrate with other systems.
One common problem is that most inventory management systems use the FIFO principle to determine which items should be sold first, when in fact it's better to use LIFO (last-in-first-out).
Odoo uses a flexible approach that allows you to set up different types of stock levels in order to improve your efficiency:
• Raw material inventory (e.g., leather)
• Finished goods inventory (e.g., wallets)
We hope that this list has given you a few reasons to consider using odoo Inventory Management System for your business. It’s a powerful tool that can be customized to meet your needs, no matter how big or small those needs may be.
Contact Centrics a Odoo Gold Partner to implement Odoo in Sri Lanka.