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The Must-Know Odoo 18 Inventory Updates [Streamline Your Stock Operations]

Introduction to Odoo 18 Inventory Management

As businesses move towards 2024, the importance of efficient inventory management cannot be overstated. Odoo 18 offers a robust suite of tools specifically designed to streamline stock operations. 

Whether you’re dealing with complex multi-warehouse logistics, advanced routing needs or managing large-scale deliveries, Odoo 18’s new features are tailored to solve common challenges in inventory management.

In this article, we’ll explore these innovations in detail and demonstrate how they can help your business thrive.

Understanding Odoo 18’s Core Innovations in Inventory Management

Odoo 18 introduces several exciting changes to its inventory management module. These include:

  • Enhanced Route Flexibility: Dynamically adjust stock movement to account for real-world changes like traffic jams in supply chains or delayed receipts.
  • Advanced Multi-Warehouse Support: Synchronize stock levels across multiple warehouses in real time.
  • Enhanced Batch and Wave Picking: Group and split batch orders based on delivery location, packaging, and other parameters.
  • Valuation by Lots and Serial Numbers: Long-awaited, this feature allows for more accurate tracking and valuation of individual items in your inventory.

The Impact of Poor Inventory Management on Businesses

Manual inventory processes are often error-prone, leading to significant issues such as stockouts, overstocking, and mismanaged orders. When businesses don’t have a clear handle on their inventory, it can result in increased costs, unhappy customers, and ultimately lost revenue. That’s why Odoo 18’s latest features are designed to prevent these problems and ensure smooth, efficient inventory management.

Key Innovations in Odoo 18 for Inventory Management

New Standard Multi-Step Routes

Odoo 18 now supports new standard multi-step routes that use a mix of push and pull rules. Traditionally, pull rules were predominant, but with Odoo 18, businesses can leverage push rules for better flexibility.

Multi-step routes in inventory
Push and Pull Rules Optimization

In previous versions, inventory transfers were predefined, limiting flexibility. Now, with Odoo 18’s improved push/pull rule combinations, businesses can dynamically adjust transfers based on real-time scenarios. This is especially useful when there are delays, product reconditioning needs, or alternative warehouses are required for fulfillment.

Push pull routes in inventory
Improved Make-to-Order Functionality

Another standout feature is the improved Make-to-Order (MTO) process. Previously, orders had to be fulfilled strictly based on stock availability. Now, Odoo 18 allows businesses to partially fulfill an order from available stock while generating a MTO request for the remaining quantity.

The Benefits of Odoo 18’s Inventory Management Features

Streamlined Logistics Operations

With the ability to modify routes dynamically and handle complex multi-step operations, Odoo 18 dramatically reduces the logistical challenges faced by businesses.

Reduced Inventory Errors

Automating stock movement through barcode scanning, real-time synchronization, and advanced MTO capabilities helps to minimize errors in stock handling, ultimately improving order accuracy.

Real-Time Synchronization Across Locations

For businesses managing multiple warehouses, real-time synchronization ensures that stock levels are always accurate across all locations, reducing delays and ensuring faster fulfillment.

Exploring Route Flexibility in Odoo 18

One of the most powerful innovations in Odoo 18 is its route flexibility. This allows businesses to adapt their stock movement to real-world conditions. For example, if a product is delayed or damaged in transit, you can easily divert it to another warehouse or schedule it for reconditioning.

Case Study: Using Push and Pull Rules to Simplify Operations

A mid-sized retailer using Odoo 18 improved its stock management significantly by leveraging push rules. When they had an influx of backorders, the system automatically redirected stock from a secondary warehouse, fulfilling customer orders faster without manual intervention.

Valuation by Lots and Serial Numbers: What’s New?

For the first time, Odoo 18 introduces valuation by lots and serial numbers. This feature is especially beneficial for businesses that need to track individual items within their inventory, such as those in the pharmaceutical or electronics industries.

How to Implement Lot and Serial Valuation in Odoo 18
  1. Navigate to the Inventory module.
  2. Under the product settings, enable Track by Serial Numbers.
  3. Set up the valuation method (e.g., FIFO, LIFO, Average Price).
  4. Ensure that each lot or serial number has its own valuation layer for accurate tracking.
Lots & Serial Numbers in delivery

Real-Time Inventory Tracking with Odoo 18’s Barcode App

The barcode app in Odoo 18 has been revamped for ease of use. With its new, cleaner interface, it’s now possible to scan products directly from mobile devices. Additionally, the app integrates with barcode lookup databases, allowing you to create products on the fly using barcode data.

Barcode scanning in inventory
Simplified UI for Forklift Operators

Odoo 18’s barcode app now features a simplified UI for forklift operators, showing only the essential information like package identifiers and movement instructions.

Barcode for inventory

Improved Batch and Wave Picking for Multi-Warehouse Management

Odoo 18 also enhances batch and wave picking. Now, businesses can automatically create batches based on location, product category, or packaging type. This is ideal for businesses with multiple warehouses that need to optimize their order fulfillment process.

Wave picking in inventory

Automating Stock Replenishment in Odoo 18

One of the standout features in Odoo 18 is its replenishment automation. By using the new MTO functionality, businesses can handle partial orders more effectively. When stock runs low, Odoo 18 automatically generates replenishment orders, ensuring that stock levels are always optimized.

How Odoo 18 Helps Optimize Delivery Routes

Managing deliveries has never been easier. Odoo 18 allows businesses to assign delivery trucks based on weight, volume, and dock availability. You can even optimize delivery routes to ensure that items are loaded in the correct sequence for efficient unloading.

Delivery methods in inventory

With over 16 years of experience, Pragmatic Techsoft is a leader in implementing and customizing Odoo solutions for businesses worldwide. Our team has in-depth expertise in Odoo 18’s inventory management features, helping companies optimize their stock operations and achieve greater efficiency.

Whether you need help with Odoo implementation, migration, or training, our experts are here to guide you through every step.

Getting Started with Odoo 18 Inventory Features

To get started with Odoo 18’s inventory features, follow this simple setup:

  1. Install the Inventory module from the Odoo Apps dashboard.
  2. Enable Lot and Serial Number Tracking under product settings.
  3. Set up Replenishment Rules and configure push/pull routes.
  4. Leverage Batch and Wave Picking for multi-warehouse operations.

Conclusion

Odoo 18 brings a host of innovations that will revolutionize inventory management in 2024 and beyond. From dynamic routes to valuation by lots and serial numbers, these features are designed to streamline stock operations, reduce errors, and boost efficiency.

Stay tuned to our blog at Pragmatic Techsoft for more insights on Odoo 18.

Want to see Odoo 18 in action? Connect with us for a free demo today and discover how we can transform your business.


FAQs

1. How can Odoo 18 improve my business’s stock management?

Odoo 18 provides tools like dynamic route adjustments, valuation by lots, and automated stock replenishment, helping businesses streamline their inventory processes and reduce errors.

2. What are the benefits of automated stock replenishment in Odoo 18?

Automated replenishment ensures that stock levels are always optimized, reducing the risk of stockouts and allowing for partial order fulfillment.

3. How difficult is it to switch from other inventory management software to Odoo 18?

Switching to Odoo 18 is seamless with the help of experts like Pragmatic Techsoft, who specialize in migrating systems efficiently.

4. Can Odoo 18 handle multi-location businesses?

Yes, Odoo 18 supports real-time synchronization across multiple warehouses, making it ideal for businesses with multiple locations.

5. What support does Pragmatic Techsoft offer for Odoo 18 implementation?

Pragmatic Techsoft offers end-to-end support, including implementation, customization, migration, and training for Odoo 18.

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