INVENTORY - Odoo 17 Enterprise Book

Inventory Adjustment

Based on the physical inventories that are now accessible in your firm, there may be instances where specific alterations to the inventory are necessary. The modifications made to the inventory should also be reflected in the inventory records in order to maintain effective inventory management. You may make adjustments to the inventory records in Odoo17 based on the physical stock availability, thanks to the Physical Adjustment platform.

With Odoo17, you can quickly update your inventory right from the product description window. You will find the Update number button on each product, as seen in the image below, in order to accurately record the number on hand at your business's warehouses.

You can get this page's information on the amounts On Hand by clicking the smart button, which is highlighted in the image. By selecting the Update Quantity button, you can change the product's quantity.

Using the Apply option, you can now update the records with this inventory modification. You can notice that the On Hand quantity has been updated based on the new inventory changes by looking at the product description window.

You may locate a unique platform, referred to as Physical Inventory, to handle all these inventory adjustments within the Operations menu of the Odoo17 Inventory module.

On this platform, it is possible to view the records of every inventory modification. This window allows you to simultaneously update the quantity of several different goods.

From this window, you can get information about the Location, Product, Lot/Serial Number, Package, Owner, On Hand Quantity, UoM, Counted Quantity, Difference, Scheduled Date, and User.

You can modify the quantity in accordance with the stock on hand by clicking the New button. Here, you must fill in the appropriate field with the Counted Quantities for the specified lot/serial number. Odoo17 will immediately display the difference between the On Hand Quantity and the Counted Quantity as soon as you mention the Counted Quantity.

Using the Apply option, you can now update the records with this inven tory modification. You can select the Clear option if no inventory modifications are required. The History button allows users to view the history of inventory changes made to a product. You will receive some extra buttons to control the available inventory adjustments by choosing them from this window. To apply the chosen modification together with the others, click the Apply button. You can undo all of the selected settings at once by using the Clear button.

Click the Apply button, as displayed in the image, to apply the revised inventory changes to the appropriate products.

The Request a Count button allows you to ask for a count for the selected inventory modifications. You can choose a date in a pop-up window to receive the inventory on that day. You can either leave the Count field blank or change the current value to suit your needs. Select "Confirm" from the menu. In Odoo 17, we handle inventory modifications in a similar manner.

A new feature in Odoo 17 called the "Relocate" option makes it easier to move products from one place to another. You can add To Location, To Package, and specify the rationale for the relocation in the popup window. Next, Verify.

You can specify the Day and Month on which the annual inventory counts shall take place in the module's Settings menu.

You can define the day and month that yearly inventory should be counted using the yearly Inventory Day and Month option, as seen in the illustration.