Receiving, putaway, storage, picking, packing, and shipping – these are key stages of the recurring cyclic process at the warehouse. Life at the warehouse never stops, the orders keep coming, and the customers are waiting for their products to arrive (the sooner, the better). Such a high flow of traffic puts a strain on the warehouse’s performance and its workers, as it is easy to make a mistake in all the hustle and bustle. While mistakes give us lessons to learn, at the warehouse they create a mess and chaos, which result in lost-and-not-found stocks, financial losses, and client dissatisfaction.
Aiming to improve the functionality of the warehouse, every company needs to find an appropriate solution, which will help to keep the whole place and its interactions under control. One such solution is Odoo Inventory Management, a module of the Odoo ERP software, offered by VentorTech, the leading Odoo integrator on the market. Let’s see into all the ins and outs of the software, and how the company can benefit from it.
What is Odoo Inventory Management?
Odoo ERP is an asset for every company, as it is the foundation of its seamless functioning. Odoo ERP is a dedicated solution that aims to facilitate all the processes within the company and make all the departments interconnected.
What’s even more important, all the systems are united under one platform, which gives the managers peace of mind and benefits the speed of decision-making.
Odoo Inventory Management is one of the basic modules to introduce to the company, as it is the backbone of its warehouse structured work. According to VentorTech, the implementation of the Odoo Inventory Management module takes the company’s performance to a new level, as all the activities within the warehouse become visible, automated, and highly efficient.
Benefits of Odoo Inventory Management for a Company
- Enhanced visibility
A warehouse that is controlled by an Odoo Inventory module is a highly functional environment where every product, even the tiniest, knows its place. As long as all the goods are assigned the numbers and the lots, there are no lost ones, which turn out to be obsolete with time.
Odoo ERP brings order and visibility to all the processes and products, leaving no chances for things to be lost out of sight, as everything can be tracked on demand anytime.
- Balanced stock
Odoo Inventory Management keeps the balance of stock at the warehouse. It can warn the user when there is a shortage or abundance of goods. Besides, it is possible to set the lowest and highest limits for particular stocks, which protects against understock and overstock, saving money as a result.
- Real-time insights and reports
How do we analyze the work of the venture? We need the reports. When the reports are done manually, it takes time, and a lot of departments to come together and share the data. With Odoo Inventory Management, the reporting process gets down to filtering the features to compare, and the system will present the information in a chosen way – charts, pirs, diagrams, etc.
- More control
As long as a warehouse performs various functions, it is difficult to keep an eye on everything that happens there, unless you have a responsible manager reporting continuously during the day. With Odoo Inventory Managements everything becomes more simplified, as it is possible to track all the activities within the area and make sure there are no deviations from the plan.
If there are deficiencies and issues, they can instantly be tracked back and resolved.
- Space ergonomics
Every warehouse organized in a traditional way encounters problems with effective usage of space. Bottlenecks and congestions are just the tip of the iceberg. With the Odoo solutions, all the space is effectively managed, which allows more load placement, and thus, more financial profit.
How to implement the Odoo Inventory solutions?
- The introduction of Odoo ERP to the company requires an extensive level of expertise. According to VentorTech, the company integrator needs to have a sheer knowledge in the area, not just the Odoo modules. As long as Odoo Inventory solutions connect with multiple systems within the company, the managers need to understand how to handle all the integrations.
- Another important characteristic to consider is the ability to listen. Cooperation and trust can’t be started unless the managers listen to the requirements and need first, and only after they do they offer suitable solutions.
- As the Internet space is like an open book, it is worth looking through niche-oriented review websites and checking up on the companies you encounter.
- Free consultation – quite a bonus for everyone who is doubtful about Odoo implementation, yet, it is a great chance to discover all the things you need to know about the company. The managers of VentorTech offer a free introductory meeting, to help you decide on further actions.
Conclusion
The success of the company is based on the efficient work of every department. Considering the importance of the warehouses for every company, the implementation of the Odoo Inventory Management is rather a necessity nowadays, not just a matter of convenience. If there are any questions regarding the topic, it is highly recommended to contact VentorTech, as they are always ready to give insight into the topic.
