Benefits of Odoo ERP for the Manufacturing Industry

by Alex Forsyth Developer

Today, every manufacturing business needs an all-in-one integrated software solution like Odoo ERP for efficient business management and for a streamlined workflow. Here are the benefits of Odoo for the manufacturing industry.

Manufacturing businesses, no matter small or large-scale, need a systematic approach or an advanced software to be implemented for efficient and automated management of the operations and for increased productivity.

A software system like Odoo ERP integrates and automates all processes and operations of a business, resulting in increased productivity and enhanced efficiency. Right from manufacturing to quality check, scheduling tasks, planning, reporting, inventory, monitoring, sales, finances, accounting, and more, Odoo ensures to streamline all.

Every manufacturing business has several tasks to be managed and Odoo acts as the all-inclusive software solution for managing all including procurement of raw materials, process management, planning, product life cycle management, BOM management, and all the other operations.

Why Odoo for managing manufacturing business processes?

Odoo ERP software simplifies the entire manufacturing workflow and all its processes using its advanced and open-source working methodologies. Using the customisable modules available in Odoo, manufacturing businesses can automate their business functionalities and operations within a unified platform.

Both the Community and Enterprise editions of Odoo can be utilised by a manufacturing business depending on its processes, budget, and requirements. Odoo Enterprise is a licensed edition and offers more features and functionalities whereas the community edition is available for free without any license fee and offers limited features.

Now, here are the benefits of using Odoo ERP for the manufacturing industry.

Easy integration:

The manufacturing module or application in the ERP works well with the other available Odoo modules. This easy integration of the other modules with the manufacturing module helps to manage everything from a single platform. Also, entering and retrieving data from the database can be done quickly with the centralised database Odoo maintains. Users can also keep a track of the list of finished products and raw materials because of the easy integration feature of the ERP.

Inventory management:

The manufacturing module of the ERP helps to easily track the products. It includes tracking the types of products, the quality of the products, the quantity of the products, and the cost of the products. The Odoo manufacturing module can be used for tracking the inventory of the raw materials and the inventory of the finished goods. This module can also be used to track and ensure you have enough stock of products in your warehouse.

Product and product variant management:

Odoo manufacturing module also helps with product and product variant management. You can change product details or product variants, or create new products using this feature. Also, this Odoo module can help with a quick listing of the products and organising the products for easy and efficient product management.

Production planning:

This manufacturing module helps with easy production planning. You can not only create new production orders for the upcoming days, weeks, months or years but can also track how much you are producing as compared to how much you are planning to produce. This way, you can always get an overview of the manufacturing process.

Material management report:

Odoo's manufacturing module offers a material management report, which helps to track how much raw materials have been used. Also, you can track or check how much stock is still left for each category of raw material.

Purchase of raw materials:

With the Odoo manufacturing module, managing the purchase of raw materials becomes easy. You can easily integrate the purchase activities for the raw materials using this module. Once the availability of the raw materials is confirmed, the purchase process can be completed.

Coordinated marketing activities:

Every manufacturing business has to deal with marketing activities like sales and marketing campaigns, etc. These activities are conducted to help you to sell your products or services. However, with the Odoo manufacturing module, managing these marketing activities becomes easy and smooth. With this module of the ERP, you can even track your sales and marketing processes.

Ongoing maintenance help:

In order to manufacture goods, you need machines and these machines need to be maintained well to ensure they can work smoothly to manufacture the products. Oddo manufacturing module can be used for the ongoing maintenance of these machines.

Organise product cycle:

It is essential to keep tracking the products' life cycle throughout the process of manufacturing. This feature also helps to update the Bills Of Materials or BOM. The PLM also helps a manufacturing firm efficiently manage its financial processes and aids in keeping track of the products.

Organise the inventory:

Inventory is the company's stock of products in the process. The inventory helps to store the raw materials as well as the finished goods. With the Odoo manufacturing module, you can manage your warehouses and transfer manufactured products.

Manage returns:

Odoo manufacturing module aids in managing and streamlining the process of order returns and helps with the quick and easy creation of credits for customers.

Reduce risks:

Odoo helps manufacturing businesses streamline the way they operate. The ERP helps to reduce risks of making errors that may occur due to manual entries and proves to be a more reliable software system for efficiently and automatically managing all business processes.

Quick customer support:

Customer satisfaction is the company's lifeline. With proper product life cycle or quality management of the products, Odoo ensures to win over the customers. Also, with all data stored in one place, it becomes easy to provide quick responses to the customers.

This, it can be concluded that the Odoo manufacturing module or software is a complete ERP system that can automate, streamline, and manage all the complex processes of a manufacturing business. It boosts the entire manufacturing cycle.

Alex Forsyth is an experienced Odoo ERP consultant associated with the most reliable Odoo service provider in Australia, Envertis Software Solutions. The author has written this article to let you know the benefits of implementing Odoo into a manufacturing business today.