The release of Odoo 17 has brought a wave of groundbreaking advancements to the inventory module. These updates are not merely features; they represent a significant leap forward in optimizing processes, enhancing transparency, and providing businesses with unprecedented control over their inventory management.
In this blog post, we’ll delve into the key advancements of the Odoo 17 Inventory module and explore the impact of each feature on your business.
Autobatch: Streamlining Operations with Precision
The Autobatch feature in Odoo 17 Inventory introduces a smarter way to handle operations by batching only those in the ready stage. This refinement enhances efficiency by automating the batching process, ensuring that operations are grouped and executed with precision. As a result, businesses can experience smoother workflows and reduced processing time, contributing to overall operational excellence.
FIFO Update for Precision in Pricing Strategy
Odoo 17 introduces a significant enhancement in how the cost of FIFO (First In, First Out) products is calculated. Now set to the average price of the remaining quantities, this feature ensures that pricing aligns more closely with real-time inventory dynamics. The impact is clearer cost visibility and improved accuracy in financial reporting, allowing businesses to make informed decisions based on up-to-date cost information.
Odoo 17 Inventory Forecast Report Reservation
In Odoo 17, the forecast report reservation feature takes precision to the next level by affecting only the selected product instead of the entire operation. This fine-grained control allows businesses to allocate and unallocated products with greater accuracy, avoiding unnecessary disruptions to ongoing operations. It’s a key feature for maintaining operational fluidity while responding to specific product demands.
Incoterms: Enhancing Delivery Slip Information
The inclusion of Incoterms and location on the delivery slip in Odoo 17 adds a layer of transparency and clarity to the shipping process. Now, stakeholders can easily reference critical information directly on the delivery slip, streamlining communication and reducing the likelihood of errors in the shipping and delivery stages.
Lot/Serial Properties: Visibility for Improved Traceability
Odoo 17 enhances traceability by displaying lot and serial number properties directly on their respective quants. This added visibility ensures that businesses can track and manage lots and serial numbers more effectively, fostering better quality control and compliance with regulatory requirements.
MTO/MTS: Ensuring Workflow Continuity
Odoo 17 introduces a crucial improvement for the ‘Make to Order’ (MTO) process, allowing items to be reserved from available stock in case of interruptions. This ensures that the workflow continues seamlessly, even when the original production plan is disrupted, enhancing overall production resilience.
New Removal Strategy: Least Packages
The addition of the “Least Packages” force removal strategy in Odoo 17 is a game-changer in optimizing inventory space and resources. This strategy avoids reserving quantities in two packs when the demand is available in one larger pack, minimizing unnecessary fragmentation and simplifying the picking process.
Operations Menu: Navigating with Ease
The revamped operations menu in Odoo 17 makes finding the right operation a breeze. This user-friendly enhancement simplifies navigation, reducing the time and effort required to locate specific operations. It’s a small change with a big impact on user experience and overall system efficiency.
Product Quantity Update: Swift and Intuitive Management
Odoo 17 simplifies inventory management with the ability to update quantity quickly from the product form. This user-friendly feature accelerates the process of adjusting stock levels, allowing businesses to respond promptly to changes in demand and maintain optimal inventory levels.
Real-Time Inventory Valuation: Configurable Default Accounts
Default accounts for real-time inventory valuation are now pre-configurable from the Accounting app settings in Odoo 17. The introduction of a new ‘Cost of Production’ account enhances production costing, providing a clearer differentiation between work centre and employee costs. This configurable setup ensures that businesses can align their accounting practices with their unique operational needs.
Streamlining Workflow with Barcodes
The inclusion of barcodes for the next step in the reception report in Odoo 17 is a strategic move to streamline workflow movements through barcode scanning. This feature accelerates the processing of operations, reducing manual errors and enhancing overall efficiency in the warehouse.
Replenishment Improvements: Vendor-Specific Replenishment
Odoo 17 introduces significant improvements in replenishment processes by allowing filtering replenishments by the vendor. Additionally, businesses can select a list of products to be replenished to their maximum quantity, providing greater control and customization in managing stock levels.
Revamp Pickings: Simplifying Transfer Processes
Odoo 17 eliminates the distinction between planned and immediate transfers, introducing a streamlined process. A new transfer starts in the ready state and can be planned by setting it in draft. Detailed operations of transfer lines enable users to directly select existing stock, simplifying and accelerating transfer processes.
Shipping-Based Routing: Specifying Shipping Methods
Businesses can now specify shipping methods on routes in Odoo 17, providing greater control over the routing of products. This feature is especially valuable for businesses with diverse shipping requirements, allowing for a more tailored and efficient supply chain.
Stock Aging Report: Monitoring Product Quantity and Time
The new stock aging report in Odoo 17 allows businesses to monitor product quantity and time spent in inventory. This valuable insight enables businesses to assess dead stock effectively, facilitating strategic decisions on inventory management and reducing holding costs.
For a detailed overview, contact us and schedule your free Odoo 17 Inventory demo.
