The nucleus of a firm is inventory, which efficiently connects supply chain operations and other activities. A proper inventory management system is the stepping stone to a company's success. Inventory management is critical for all types of businesses, regardless of their size. Various company sectors, such as production, point of sale, and sales, require well-organized inventory assistance.
To increase the effectiveness of the inventory, it must be examined and controlled on a regular basis. The storage of a variety of products in large quantities can make inventory management challenging. As a result, we require assistance in generating inventory data in order to evaluate inventory management systems.
The best solution for managing inventories is Odoo Enterprise Resource Planning Software. Odoo Inventory's reporting tool allows users to check efficiency and accuracy. It also aids in the systematic planning of operations.
With the help of this blog, we can look at the reporting features of the Odoo 14 Inventory.
Inventory reporting is a crucial aspect of inventory control. To ensure the system's optimal efficiency, it's critical to track and assess inventory at regular intervals. Inventory inaccuracy can occur if inventory valuation, warehouse analysis, and stock analysis are not completed on time. Furthermore, it will result in product and financial waste. With the help of Odoo Inventory Reporting, you can assess the inventory's performance over time and stock movement.
The inventory report provides a summary of the stock and stock movement for various products. Because inventory is a company's most valuable asset, it's critical to keep track of it.
For inventory operations, the Odoo 14 Inventory module includes a variety of reports. It enables us to efficiently handle all aspects of the inventory. We can have a complete picture of all actions and keep track of delivery cycle time, inventory value, receiving delay, and delivery delay, among other things.
It will make it easier for us to control the product's available quantity or stock on hand at different times. With the use of the program, forecasts for inventory stocks can be handled as well.
The inventory value at a specific date can also be examined and modified. Furthermore, it enables us to follow the movement of various products.
Key reporting features of the Odoo 14 inventory are listed below.
1. Warehouse Analysis.
2. Inventory Valuation.
3. Inventory Report.
4. Forecasted Inventory.
5. Product moves.
Let's take a closer look at the inventory reporting tools.
A company can have multiple warehouses. The Warehouse analysis feature of Odoo 14 can be used to examine the business in multiple warehouses. Odoo provides us with a quick picture of the warehouse's business processes. It only takes one click to update and manage your data. This ERP system aids customers in determining delivery times, tracing receiving cycle times, managing delivery delays, and determining strategies for managing inventory turnover and value.
The values of incoming and outgoing inventories can be compared. This will also assist us in improving the way we conduct business.
We can utilize a variety of metrics here, such as cycle time, delay product amount, and so on.
We can also group the operations.
Warehouse analysis reports can be created in a variety of styles, including line charts like the one seen above.
The warehouse performance can be represented by a bar chart and a pie chart, as seen below.
In addition, we can organize the figures in ascending and descending order to generate the report.
The Odoo Warehouse analysis aids us in determining the cycle time. Delay analysis aids users in reducing delays and increasing efficiency. We can look into the issues that are causing the delays and make improvements to the delivery time.
The inventory report provides a fast overview of the product inventory. We can also look up the lot or serial number and determine the quantity on hand. In addition, an inventory report can be used to determine the stock's value. The inventory report for the stock on hand can be seen here.
When we click on the product we get the stock location.
Let us check the different views available for the Inventory Report.
Forecasted inventory tells us how much stock we have on hand for specific dates or periods. We can look at the quantity on hand for days, weeks, and months. This will allow us to determine whether we have sufficient amounts of products on hand. Based on this record, the company will be able to assess product demand and ensure stock availability.
For the same, we have different views such as Grid view and Graph view.
With Inventory valuation support, we can simply obtain the product's value as well as its quantity. We've gone over inventory valuation in great depth. Inventory valuation reporting is easy and can be controlled by utilizing measurements or filters.
The product list, price, stock, and other information can be instantly accessed. We can also include the quantity of goods and the quantity of damaged stock. The overall value is reduced by the value of the damaged amount.
We can also use the Inventory at Date option to verify inventory for a specific date.
Give it a date and you'll obtain the inventory valuation for that date.
The inventory valuation for July 1 is shown below.
We can check for changes in location or product movement here. We can track the movement of every product in the inventory using this reporting capability. Every time, we can verify different moves and the quantity of quantities moved. We can also examine the product's from and to locations, as well as the quantity completed. It is also possible to track the status of the product transportation.
This way Odoo 14 supports us to report inventory