In today's fast-paced business environment, efficient warehouse management is essential for maintaining operational productivity and maximizing profitability. To meet the ever-changing needs of businesses, Odoo, a comprehensive business management software solution, has introduced its new features in Odoo 17 Inventory, which offers a range of thrilling enhancements specifically designed for inventory management.
Revamped Operations Menu
In Odoo 17, the Inventory module will feature a revamped operations menu, providing a user-friendly interface for efficient management of inventory-related tasks. The menu includes options for inventory adjustments, internal transfers, receipts, delivery orders, scrap orders, stock moves, and stock valuation.
These enhancements streamline processes, improve inventory accuracy, and offer better visibility into stock movements and valuation, ultimately facilitating effective inventory management and optimization.
Leverage Lot/Serial Property fields
Odoo 17 introduces new features in the Lot/Serial Property fields, enhancing the tracking and management of individual items or batches of products. With the new features, businesses can efficiently assign and manage lot/serial numbers to products, enabling accurate tracking of product movement, improved inventory control, and streamlined quality control processes.
The enhanced functionality includes advanced filtering options, improved search capabilities, customizable fields for capturing additional product information, and seamless integration with other modules within the Odoo ecosystem. These new features provide businesses with enhanced visibility and control over their inventory, ensuring efficient operations and better customer service.
Least Packages
Odoo 17 introduces the "Least Packages" removal strategy, optimizing inventory allocation by avoiding the reservation of quantities in multiple packages when a single larger package can fulfill the demand. This feature streamlines the picking process, reduces packaging waste, and enhances operational efficiency, especially for businesses with complex packaging configurations or large quantities of products.
By selecting the most efficient package for order fulfillment, companies can improve productivity and customer satisfaction.
Incoterms
In Odoo 17, the delivery slip now includes important information such as Incoterm and location. This enhancement provides clearer documentation for deliveries, allowing businesses to communicate the agreed-upon terms of the shipment and the specific delivery location. Including Incoterm and location on the delivery slip ensures that all parties involved have a comprehensive understanding of the shipping terms and destination, facilitating smoother logistics and reducing the risk of miscommunication.
This update improves transparency and accuracy in the delivery process, enhancing customer satisfaction and operational efficiency.
Autobatch
In Odoo 17, a new feature called Autobatch has been introduced, which automates the batching of operations in the ready stage. Autobatch enables the system to automatically group together operations that are ready for processing, streamlining the workflow and improving operational efficiency.
By automatically batching operations, businesses can optimize their resource utilization and reduce manual effort in managing operations. This feature ensures that only operations in the ready stage are batched, allowing for smoother and more efficient processing of tasks.
Forecast report reservation
In Odoo 17, a new enhancement has been made to the functionality of reserving and undeserving from the forecast report. Now when reserving or unreserving from the forecast report, it only affects the selected product instead of the entire operation. This improvement allows for more precise control over the reservation process, enabling users to manage inventory allocations on a per-product basis.
By selectively reserving or undeserving from the forecast report, businesses can effectively allocate stock based on specific product requirements, optimizing inventory management and ensuring accurate stock availability.
Lots expiry and quantity mass entry
In Odoo 17, a new feature has been introduced to enhance the mass entry of lots/serial numbers on receipts. This update enables users to include expiration dates and quantities when pasting multiple lots/serial numbers, streamlining the data input process. With the ability to input additional fields alongside the lots/serial numbers, users can efficiently manage and track inventory with detailed information, such as expiration dates and corresponding quantities.
This improvement enhances accuracy and facilitates better inventory control, ensuring that relevant information is captured during the lot/serial number entry process.
New removal strategy: least packages
In Odoo 17, a new feature called "Least Packages" has been introduced as a force removal strategy. This strategy aims to optimize inventory management by avoiding the reservation of quantities in multiple packs when the demand can be fulfilled by a single larger pack. By implementing the "Least Packages" strategy, the system intelligently selects the most efficient pack size to meet the demand, thereby optimizing space utilization and reducing unnecessary pack reservations.
This feature streamlines the removal process and improves operational efficiency in handling inventory, ensuring that resources are utilized effectively.
Real-time inventory valuation
In Odoo 17, the Accounting app settings have been enhanced to allow pre-configuration of default accounts. This feature provides greater flexibility and customization options for setting up default accounts according to specific business requirements. Additionally, a new account called 'Cost of Production' has been introduced, which enhances production costing by providing a dedicated account for tracking costs associated with production processes.
This improvement helps in better differentiating work center costs and employee costs, leading to more accurate and detailed cost analysis. The ability to pre-configure default accounts and the inclusion of the 'Cost of Production' account contribute to improved financial management and enhanced visibility into production costs within the Odoo system.
Reception report bar-codes
In Odoo 17, the reception report has been enhanced to include a barcode for the next step in the workflow, such as from pick to pack. This new feature enables quick and efficient movement through the workflow by utilizing a barcode scanner. With the barcode included on the reception report, users can easily scan and initiate the next step in the process, reducing manual input and streamlining operations.
This enhancement enhances the overall workflow efficiency and accuracy, making it easier for users to navigate through the various stages of the workflow with the help of barcode scanning technology.
Revamp Pickings
In Odoo 17, the distinction between planned and immediate transfers has been eliminated. Instead, a new transfer starts in the ready state and can be planned by setting it to draft. This change simplifies the transfer process and provides more flexibility in managing transfers. Additionally, the detailed operations of transfer lines now allow for directly selecting existing stock, making it easier to specify the exact stock items involved.
This enhancement streamlines the transfer workflow and improves efficiency in managing stock movements within the system.
Odoo 17 Inventory Module has amazing changes and features that can improve your business. Do you want to use an effective ERP Solution for a productive business or looking for ERP migration from existing odoo version / other ERP to latest version (Odoo V17)? We at SerpentCS as Official Odoo partner can help you grow your business to new heights, contact us at contact@serpentcs.com