Inventory management is a critical aspect of any business, and Odoo 18 simplifies it with Reordering Rules. Reordering rules help maintain stock levels within a defined range by setting a minimum and maximum quantity for each product.
* The minimum quantity ensures that stock does not drop below a critical level.
* The maximum quantity prevents excessive stock accumulation.
Step-by-Step Guide to Setting Up Reordering Rules in Odoo 18
1. Navigate to the Product Form
* Go to Inventory > Products > Products and select or create a product.
2. Set Product Type to Goods
* Under the General Information tab, locate the Product Type field.
* Select Storable Product (Goods) to enable stock tracking.
3. Enable Inventory Tracking
* In the same tab, find the Track Inventory checkbox.
* Ensure it is ticked to allow Odoo to track stock levels.
4. Configure Manufacturing (If Applicable)
* If the product is manufactured, install the Manufacturing app.
* Navigate to the Inventory tab.
* In the Routes field, tick the Manufacture checkbox.
Steps to Create a Reordering in Odoo18
Reordering can also be created from the Reordering Rules smart button on the product form or Go to Inventory app, Click on Operations → Replenishment or We can also see the Product tab. Click 'More,' and you will see the Reordering Rule.
1. Create a New Reordering Rule:
* Click the New button.
2. Fill Out the Required Fields:
* Product: Select the product that needs to be replenished.
* Location: Choose the storage location for the product.
* Min Quantity: Set the minimum forecasted quantity before replenishment is triggered.
* Max Quantity: Define the maximum quantity up to which stock is replenished.
* Multiple Quantity: Enter the specific quantity to be ordered (if applicable).
Trigger:
1. Auto
* Automatic reordering rules (set to Auto in the Trigger field) create purchase or manufacturing orders when:
* The scheduler runs, and the Forecasted Quantity is below the minimum.
* A Sales Order (SO) is confirmed, making the Forecasted Quantity drop below the minimum.
* If the Buy route is selected, an RFQ (Request for Quotation) is created.
* If the Manufacture route is selected, an MO (Manufacturing Order) is created.
2. Manual
* When a product is on the replenishment dashboard, clicking Order creates a purchase or manufacturing order for the needed quantity.
* When stock falls below the minimum quantity, the system triggers replenishment based on the product’s designated route:
* If the product follows the Buy route, the system generates a Request for Quotation (RFQ) to reorder the item from a supplier.
* If the product follows the Manufacture route, the system creates a Manufacturing Order (MO) to produce the item.
* This process applies regardless of the specific replenishment route chosen for the product.
Conclusion:
Odoo 18’s Reordering Rules are a powerful tool for maintaining efficient inventory levels, automating stock replenishment, and optimizing procurement and manufacturing processes. By setting up these rules properly, businesses can prevent stock shortages, reduce excess inventory costs, and enhance overall operational efficiency. Start leveraging Reordering Rules in Odoo 18 today to streamline your inventory management and ensure smooth business operations!