What is Removal Strategies in Odoo 15
- 1. Removal Strategies in Odoo 15 Enterprise www.cybrosys.com
- 2. INTRODUCTION ❖ The removal strategies of operations initially operate based on lots or serial numbers set for product. ❖ Various removal strategies in Odoo such as: First in First Out ( FIFO) Last in First Out (LIFO) First Expiry First Out(FEFO) Closest Location ❖ Managing the inventory by removing the respective products if there is a demand for products should be planned and executed in a business operation. ❖ Moreover, the inventory should have a proper arrangement with the proper lot numbers and indicators to depict the product and a lot of information. ❖ Systematic management of removal of products on order helps the company to reduce the wastage and the money loss due to the expiry of the products.
- 3. ❖ Goto Inventory > Configuration > Settings ❖ Activate these options,
- 4. ❖ Click on Locations > Open one
- 5. 1. FIFO (First in First out) - FIFO acts as a queue where initially purchased products are sold first. - Set removal strategy
- 6. Goto Products, Set tracking
- 7. Goto Purchase > Requests for quotation > Create > Confirm order
- 8. Click on Receive products
- 9. Click on Hamburger menu,
- 10. Provide lot or serial number for product Click on Confirm
- 14. - Create another purchase order for same product, - Click on Confirm Order
- 15. Click on Receive Products
- 16. Click on Hamburger menu,
- 17. - Provide lot or serial number, - Click on Confirm
- 20. See Traceability Report Check Product > Product moves
- 21. Goto Sales > Orders > Create > Confirm
- 23. - The product desk pad is removed from location stock having a lot645, Because removal strategy is FIFO. - Click on Validate
- 24. Click on Apply
- 25. 2. LIFO (Last in First out) - Goto Inventory > Configuration > Locations - LIFO described as opposite of FIFO, The last purchase products are sold out first. - Set removal strategy
- 26. Goto Products > On Hand
- 27. See on hand quantity
- 28. Goto Sales > Orders > Create > Confirm
- 30. The product desk pad is removed from location stock having a lotwww, Because removal strategy is LIFO.
- 31. Click on Apply
- 32. 3. FEFO (First Expiry First Out) - Goto Inventory > Configuration > Locations - The products are sold out based on expiration date of products - Set removal strategy
- 33. Goto Inventory > Products Activate Tracking and Expiration Date
- 34. Goto Purchase > Requests for quotation > Create > Confirm Order
- 35. Click on Receive Products
- 36. Click on Hamburger menu,
- 37. - Provide lot or serial number for product - Click on Confirm
- 40. See Traceability Report Goto Inventory > Products > Lots or serial numbers
- 41. lot’s of removal date and expiration date are different. See details of lot333
- 42. See details of lot777
- 43. Goto Sales > Orders > Create > Confirm
- 45. The product desk pad is removed from location stock having a lot333, Because removal strategy is FEFO and this will expire first.
- 46. 4. Closest Location - Goto Inventory > Configuration > Locations - In case don’t have enough quantity in stock, Products will be taken from the closest location. - Set removal strategy
- 47. Closest locations of WH/Stock/A,
- 48. Closest locations of WH/Stock/B,
- 49. - Goto Products > Create - Activate Tracking - Click on On Hand
- 50. Click on Create > Apply Click on Confirm
- 51. Goto Sales > Orders > Create > Confirm
- 53. Product large bench is taken from location A, Because we don’t have enough stock in WH/Stock.
- 54. For More Details Check our company website for related blogs and Odoo book. Odoo Book V15 Check our YouTube channel for functional and technical videos in Odoo. Removal Strategies in Odoo 15
- 56. Thank You