INVENTORY

Inventory Adjustments

The Inventory Adjustments feature equips you with a unique platform to keep track of the company’s stocks and update their quantity efficiently. With this attribute, you can ensure that you have enough products to perform the required inventory operations. To access this window, click on ‘Inventory Adjustments’ from the dropdown list of the Operations tab.

In this window, the product’s name is listed with its info like Lot/ Serial Number, Package, On Hand Quantity, UoM, Counted Quantity, Difference, Scheduled Date, and User. Here, ‘Difference’ indicates the gap between the product’s theoretical and counted quantities. ‘Scheduled Date’ determines the next date to measure the On Hand quantity.

Click on the Create button to add a new Inventory Adjustment operation. You will get a line below the existing list to mention the necessary details.

Indicate ‘Counted Quantity,’ and the corresponding ‘Difference’ field will be automatically filled. You can apply this new adjustment by clicking on ‘Apply,’ as shown below.

To view the details of the inventory adjustments done on a particular product, click on the History icon corresponding to that item. A model of the Inventory Adjustments History window is shown below.

To reset the recent stock update on any product, click on the Set icon associated with it

The Odoo 16 Inventory module allows you to plan the day and month of annual inventory counts. Go to ‘Settings’ from the Configuration tab to adjust this timing. Under the Operations section, you can see ‘Annual Inventory Day and Month.’

The system will automatically choose the month’s first day as the count day if the count is negative or zero. If it exceeds the month’s last day, the system will select the last day of the month.

Update Quantity

You can quickly update a particular product quantity from the Products window itself. For this feature, click on ‘Products’ from the Products tab. Click on any product preview to view its form view.

The Update Quantity button will lead you to a window where you can enter the quantity of the product available in the warehouse.

In this window, state ‘Counted Quantity,’ after which you will get the difference between the counted and on-hand quantities in the Difference field. After adding the required data, click on ‘Save.’