For any wholesale or distribution company, the crux of the organization is going to be the inventory management. Especially today with the growth in eCommerce platforms, multi-located warehouses and remotely working employees, organizations really need a business solution that meets 21st-century industry challenges.
Most of the organizations today have multiple warehouses and many of these warehouses may have different workflows e.g. a particular warehouse may receive or deliver the goods in multiple steps - like receive goods at a temporary location, then store them at an intermediate location after a quality check, then enter into the final stock. For a total accountability all these warehouses need to be managed using a single system that gives full traceability of goods from the supplier to the customer.
Not only that, in distribution selling products forms the major portion of your revenue. Out of stock items means an opportunity for your competitor. You need to ensure the right items are always maintained in stock. Knowing the status of your items is critical to increased revenue, increased profit and improved customer service. What is your process/system to ensure having available and balanced inventories?
Odoo’s 21st century ERP addresses these issues offering all the capabilities you need to excel:
- Multiple location warehouse management: Manage all your warehouses using a single system, no matter how involved your inventory process, with Odoo’s push and pull rules you can have a solution to any complex processes.
- Integrate your ecommerce and logistics platforms: Yes, you need only one system to run your business. In Odoo all modules from accounting to HR, DMS are seamlessly integrated. Now integrating your ecommerce and logistics platforms gives you a total accountability of your business.
- Re-ordering rules: You can create re-ordering rules to ensure your items are always maintained in stock and at the right levels.
- Drop-ship: Deliver goods to your customers directly from your manufacturer without receiving them into your warehouse.
- Barcodes: Use barcode scanners for every inventory operation, incoming shipments, packing orders, deliveries, internal warehouse transfers etc.
- Storing & removing goods: Define your own storage and removal strategies – first in first out, nearest available zone, last in last out, average, etc.
- Handle inventory efficiently: Track products, expiration dates on products. Scrap products and get clear reports on scrap - their costs, reasons, and volumes. Incorporate landed costs into your product cost to get an accurate valuation of your inventory, etc.
- Product variants: Configure variants of a particular product e.g. shirts with multiple colors or optical frames with different options and so many more.
- Units of measure: All the standard units of measure are available in the system; you can also define your own units of measure. Not only can you purchase goods in one unit (e.g., 1 dozen) and sell in a different unit (e.g., single units), you can configure the system to do the reverse.
- Lots & Serial numbers: Track products and their movements, their usage in the company, documents, financial impact and many more attributes, using the serial and lot numbers functionality.