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Advance Purchase Ordering / Reordering

Overview

OUT OF STOCK- Nightmare of every business. As a business out of stock can prove to be a nightmare. It not only affects your bottom line, but also your future sales. You need an advanced reordering system in place which can handle reordering and procurement of all your products across all the warehouses. Odoo, by default does not provide facility to place orders automatically based on rules. To overcome this situation, we have developed an Advanced reordering app for Odoo which can handle all automatic purchasing needs of a business.

This app solves 2 underlying problems of a business:

What to order?
How much to order?

App automatically calculates what to order and how much to order. It even goes a step further and also takes into account procurement rules so that demand is supply is maintained across all warehouses. Don’t let your business face the dark side of ‘Out of stock’ with the help of our automatic reordering app for Odoo.

HIGHLIGHTS

Automatic Purchase Order

Automatically create a purchase order into draft state based on the requirement of stock.

Product Recommendation for reordering

App recommends products which needs to be ordered based on their stock and inventory coverage data.

Purchase Requisition based on Sales Forecast

Forecast your sales so that you know exactly how much quantity will be consumed and order accordingly.

Purchase Requisition based on Past Sales

Create purchase orders and estimated quantity required for products based on Past sales data.

Warehouse wise requisition based on Past Sales

Request stock and make procurements based on requirements of each and every warehouse from past sales.

Warehouse wise requisition based on Sales Forecast

Request stock and make procurements based on requirements of each and every warehouse from forecasted sales.

Inventory Coverage Report

Check for how long your inventory can last and take necessary actions based on data.

Sales Forecast Management

User can manage sales forecasting easily by import / export sales forecast feature.

Advance Reporting for Sales Forecast

There is an option to compare forecasted sales with real sales as well as user can also review forecasted sales.

Advance Configurations

There is an options to manage approval system along with email notification in configurable manner. System also gives a choice to select a way to calculate demand either based on past sales or forecasted sales.

Features

Automatic Purchase Requisition

Advanced reordering app for Odoo helps you make automatic purchase requisitions. You can generate Purchase Requisition based on following methods:

Purchase requisition based on sales forecast.

Purchase requisition based on past sales.

You are free to choose whatever method you want to follow for purchase requisition based on your business requirements. Configure it correctly and you are good to go.

Some additional features which you get in Purchase Requisition are:

Warehouse wise configuration to generate requisition and an option to deliver it to specific warehouse
Generate requisition for more than one warehouses which can be delivered to your choice of warehouse.
Approval/Rejection of purchase requisition
Send an email for approval or rejection
Separate purchase orders created based on destination warehouses
Separate reports of individual requisition and summary of requisition

Sales Forecast

Reorders can be placed based on accurate sales forecast so only the amount needed can be purchased. App can automatically forecast demand based on rules provided for specific products, warehouse and periods.

There are number of configurations available to tweak your forecast as per you want based on your business requirements.

Sales forecast rules per: Warehouse, Product, Period

Import/Export of sales forecast rules and sales forecast

Export Normal sales for analysis

Auto Create forecast sales

Provide forecast rules as per your business requirements to make it flexible

Warehouse Requisition

Warehouse wise requisition is important when you take into account reordering as the needs of all the warehouses are different. Reordering rules for all the warehouses cannot be the same as the demand is different. Our app can help you generate individual requisition for each warehouse based on each period. Other features include:

Requisition based on past sales

Requisition based on forecast

Separate reports of individual requisition and summary of all the requisitions

Option for Approval/Rejection of warehouse requisition

Send an email for approval or rejection

Internal transfer will be created if source and destination warehouse belongs to same company

Inter company transfer will be created if source and destination warehouse belongs to different company along with all the necessary documents like SO, PO

Advanced Reporting

Advanced Repurchasing app for Odoo also comes with advanced reporting to see how effective your inventory is performing and how well are your forecasts. Following reports can be viewed from the reporting:

Forecasted Sales Report

Forecasted Sales vs Real Sales

Inventory Coverage report

Product recommendation for purchases.

Product Recommendation for Reordering

This report recommend you which products you suppose to buy in order to maintain stock level enough to fulfill next X days demand.

System will check products stock to see how many days it will cover, for that system will get average daily sales and stock including incoming shipments.

This report gives you the lists of products which you are supposed to buy in order to make sure products are not out of stock and also not over stock.

There is an option to create advance purchase requisition in draft state directly from the result with selected products.

Inventory Coverage Report

It is important to know upto how many days the product inventory will be able to fulfil the future sales demands. Inventory coverage report shows all the products and their inventory coverage. It has following features.

Detailed report for products along with time frames to show the status of products stock whether it’s In Stock or Out of Stock

Summarised report for products along with details for next how many days stock is enough to fulfill sales demand and for how many days products are out of stock