How to Manage Stocks in Odoo 18 Enterprise
Introduction:
Efficient stock management is essential for maintaining a reliable inventory system. With Odoo 18, businesses can leverage improved features that ensure stock levels are always up to date. Whether setting up inventory for the first time or migrating from a legacy system, accurately entering opening stock is critical for proper inventory valuation and smooth operations. Odoo’s user-friendly interface and powerful Inventory module make this task simple and precise, reducing the chances of discrepancies during future transactions.
Purpose:
The purpose of this guide is to walk you through the process of managing stocks in Odoo 18, with a focus on how to:
Create a product if it does not already exist.
Enter and adjust the opening stock using the Inventory Adjustment feature.
Ensure warehouse locations and counted quantities are correctly recorded.
This blog is ideal for both newcomers and experienced Odoo users looking to understand how to efficiently set up and manage initial stock levels.
Step-by-step Flow:
Step 1: Open the Inventory Module
Log in to your Odoo 18 database.
From the main dashboard, click on the Inventory module.
This module serves as the control center for all stock-related operations like product tracking, warehouse management, and inventory adjustments.
Step 2: Create the Product
Navigate to Inventory > Products > Products
Click the New button to create a product.
Fill in the product details:
Product Name: e.g., Lunch Box
Product Type: Storable Product
Product Category
Unit of Measure: e.g., Units
Click Save to register the product.
Step 3: Initiate Inventory Adjustment
Go to Inventory > Operations > Physical Inventory
Click the New button to start a new inventory adjustment.
Step 4: Configure Inventory Adjustment
Under the product lines:
Click Add a Line.
Select the product (lunch box).
In Counted Quantity, enter the quantity physically available, e.g., 50.
Ensure the unit of measure is correct.
Step 5: Save and Validate
After entering all the necessary details:
Click Save.
Click the Apply button to finalize the adjustment and update the system stock level.
Conclusion:
Managing and adjusting opening stock in Odoo 18 is a straightforward process thanks to the enhanced capabilities of its Inventory module. By following the steps above, businesses can ensure accurate tracking of stock levels across locations. This not only improves operational efficiency but also lays a solid foundation for inventory control, reporting, and financial accuracy in the system. Whether you're just getting started with Odoo or optimizing existing workflows, this method ensures your stock data is reliable and up to date.