Warehouse: A warehouse in Odoo is a location where you store
products. It is either a physical or a virtual warehouse. It
could be a store or a repository.
Location: Locations are used to structure storage zones within a
warehouse. In addition to internal locations (your warehouse),
Odoo has locations for suppliers, customers, inventory loss
counter-parts, etc.
Lots: Lots are a batch of products identified with a unique
barcode or serial number. All items of a lot are from the same
product. (e.g. a set of 24 bottle) Usually, lots come from
manufacturing order batches or procurements.
Serial Number: A serial number is a unique identifier of a
specific product. Technically, serial numbers are similar to
having a lot of 1 unique item.
Unit of Measure: Define how the quantity of products is
expressed. Meters, Pounds, Pack of 24, Kilograms,… Unit of
measure of the same category (ex: size) can be converted to each
others (m, cm, mm) using a fixed ratio.
Consumable: A product for which you do not want to manage the
inventory level (no quantity on hand or forecasted) but that you
can receive and deliver. When this product is needed Odoo suppose
that you always have enough stock.
Stockable: A product for which you want to manage the inventory
level.
Package: A package contains several products (identified by their
serial number/lots or not). Example: a box containing knives and
forks.
Procurement: A procurement is a request for a specific quantity
of products to a specific location. Procurement are automatically
triggered by other documents: Sale orders, Minimum Stock Rules,
and Procurement rules. You can trigger the procurement manually.
When procurements are triggered automatically, you should always
pay attention for the exceptions (e.g. a product should be
purchased from a vendor, but no supplier is defined).
Routes: Routes define paths the product must follow. Routes may
be applicable or not, depending on the products, sales order
lines, warehouse,… To fulfill a procurement, the system will
search for rules belonging to routes that are defined in the
related product/sale order.
Push Rules: Push rules trigger when products enter a specific
location. They automatically move the product to a new location.
Whether a push rule can be used depends on applicable routes.
Procurement Rules or Pull Rules: Procurement rules describe
how procurements on specific locations should be fulfilled e.g.:
where the product should come from (source location), whether the
procurement is MTO or MTS,…
Procurement Group: Routes and rules define inventory moves. For
every rule, a document type is provided: Picking, Packing,
Delivery Order, Purchase Order,… Moves are grouped within the
same document type if their procurement group and locations are
the same.
Stock Moves: Stock moves represent the transit of goods and
materials between locations.
Quantity On Hand: The quantity of a specific product that is
currently in a warehouse or location.
Forecasted Quantity: The quantity of products you can sell for a
specific warehouse or location. It is defined as the Quantity on
Hand - Future Delivery Orders + Future incoming shipments +
Future manufactured units.
Reordering Rules: It defines the conditions for Odoo to
automatically trigger a request for procurement (buying at a
supplier or launching a manufacturing order). It is triggered
when the forecasted quantity meets the minimum stock rule.
Cross-Dock: Cross-docking is a practice in the logistics of
unloading materials from an incoming semi-trailer truck or
railroad car and loading these materials directly into outbound
trucks, trailers, or rail cars, with no storage in between. (does
not go to the stock, directly from incoming to packing zone)
Drop-Shipping: move products from the vendor/manufacturer
directly to the customer (could be retailer or consumer) without
going through the usual distribution channels. Products are sent
directly from the vendor to the customer, without passing through
your own warehouse.
Removal Strategies: the strategy to use to select which product
to pick for a specific operation. Example: FIFO, LIFO, FEFO.
Putaway Strategies: the strategy to use to decide in which
location a specific product should be set when arriving
somewhere. (example: cables goes in rack 3, storage A)
Scrap: A product that is broken or outdated. Scrapping a product
removes it from the stock.
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