INVENTORY

Locations

The places in the warehouses where the products are meant to be stocked can be configured in the Locations platform available in the Odoo Inventory module. This platform will allow you to configure multiple locations for your stocks within the same warehouse. In order to get this feature, first you need to go to the Settings menu of the module and activate Storage Locations option from the Warehouse tab as shown below.

Once you activate this option, you will get the corresponding sub menu under the Configuration menu.

As shown in the image above, the list view provides details regarding the Location, Location Type, Storage Category, and Company. Use the New button to configure a new location in the Inventory module.

This is the form view of the new location creation window. Provide a name for the location in the Location Name field and set Parent Location in the given space. In the Additional Information tab, you can select a suitable Location Type for this location. The available location types are listed below.

Vendor Location: It is as a kind of virtual location which is considered as the source location for the products that come directly from vendors.

View: This virtual location is used to create a hierarchical structure for your warehouse which can’t directly store products.

Internal Location: These are the actual or physical locations obtainable in your warehouse.

Customer Location: This is another virtual location which is considered as the destination location for the products sent to customers.

Inventory Loss: This virtual location serves as a counterpart for inventory operations used to balance stock levels.

Production: This is a virtual counterpart location used for the operations of production. By consuming components from this location, you can produce finished products.

Transit Location: The Transit Location is a counterpart location used in intercompany or inter-warehouse operations.

Specify the Storage Category and Company of the location in the respective fields. By enabling the Is a Scrap Location field, you can assign this location as a place to store scrap and damaged products. In case if you want to use this location as a place to store returned products, you can activate the Is a Return Location feature. To replenish all quantities at this particular location, activate the Replenish Location option.

In the Cyclic Counting tab, you can specify the Inventory Frequency. When the difference is more than zero, the inventory count date for the products stored at this location will be automatically set at the defined frequency. The date of last inventory at this location will be shown in the Last Effective Inventory field. The date of the next planned inventory based on cyclic schedule will appear in the Next Expected Inventory field.

The Removal Strategy for this location can be defined in the Logistics tab.

It will define the default method used for proposing the exact location where to take the products from, which lot etc, for this location. This method can be enforced at the product category level, and a fallback is made on the parent locations if none is set here. The available removal strategies are,

FIFO: Products/lots that were stocked first will be moved out first.

LIFO: Products/lots that were stocked last will be moved out first.

Closest Location: Products/lots closest to the target location will be moved out first.

FEFO: Products/lots with the closest removal date will be moved out first.

The smart buttons available on the location window will show the Putaway Rules and Stocks of this location.