Reasons Why Your Trading Business Needs Odoo ERP

by Alex Forsyth Developer

Managing the trading business processes can be too difficult sometimes especially when a trading business starts expanding. And here’s when a trading business needs to implement Odoo ERP. Some reasons why even trading businesses must go for Odoo implementation are shared here by an expert in Odoo in Australia.

An ERP software solution has become an inevitable and essential factor for the trading industry as well. Odoo helps trading businesses to function much more efficiently and productively. With Odoo, trading businesses can change the business functions and dimensions as the ERP comes with powerful and integrated modules a trading business would need like the CRM module, POS module, trading, accounting, and more.

This article shared by an expert in Odoo in Australia outlines the main reasons why trading businesses also need Odoo ERP solutions. Every trading business has to deal with several complex processes and functions that are not possible to manage with manual resources or outdated software solutions. Trading businesses often face challenges like fluctuations in demands, changes in regulations, unpredictable consumer behaviour, etc. And here comes the role of the Odoo ERP software, an all-in-one integrated solution. Odoo is embedded with applications and modules that are required for efficiently managing a trading business.

Odoo is a highly scalable and flexible ERP solution as compared to the other ERP software systems. It is also a fully customisable solution that makes it a perfect fit for every trading business need. When it comes to trading business management, Odoo helps with powerful and well-organised planning on inventories, stocks, vendors, products, profitability, customer satisfaction, etc. The ERP caters to the management of warehouses as well on multiple billing locations and offers real-time information at the same time.

Here are the reasons to choose Odoo ERP for your trading business.

Odoo automates and streamlines every single aspect of a trading business. Take a look at these points below to know the main reasons why every trading business must get Odoo implemented now.

Strong Customer Relationship Management:

Odoo comes with a separate CRM or Customer Relationship Management Module that triggers higher effectiveness in the customer relationship management with the trading business. The software helps to prioritise the follow up of all the sales activities that are there in the pipeline. This also enhances the customer satisfaction level. The ERP also helps to track the sales stages as well as schedule the meetings or interactions with the customers. Providing real-time information to the customers also become easy with Odoo’s centralised database. In other words, Odoo ensures a transparent relationship with the customers, which is very important for a successfully running trading business.

Robust Warehouse Management in a trading business:

Odoo comes with a warehouse management module as well with features that ensure efficient and consistent warehouse management and quality control. Integrating this module into your trading business can help you to effectively manage the warehouses, external and internal locations, and all warehouse data management. The integration of the warehouse module also controls and manages the incoming shipments, thereby, preparing the business system for the inventory controls. In case if your business has the warehouse in different locations, Odoo ensures to effectively take care of all the locations, making your warehouse operations transparent and smooth. In other words, a strong warehouse management reduces the processing time and enables the workers to show up more work in a less time span allocating the right resources. Odoo’s warehouse management module is designed to scale and manage thousands of warehouse operations.

Efficient product management within a trading business:

Odoo ERP helps to efficiently manage the different product types, product variants, units of measurements of the products, and every other aspect of the products. The software allows effective management of the products at both variant level ( that are the specific attributes ) as well as template level ( that is for all the variations ). Product management is one of the major aspects of a trading business and this is why Odoo again stands out to be the perfect ERP solution for this industry. With Odoo, you can also create your business products and different variants as per your business requirements. Odoo’s product management module comes with options that allow easy editing of the products. Adding and editing attributes like the colour variants of the products, sizes, costs, dimensions, etc., is also possible with the ERP solution. In addition to these, you can also add some internal references and different barcodes to the variants. Also, Odoo ensures easy management of processes like product packing, picking, shipping, and delivering.

Supplier price list and products availability:

Odoo also helps to manage the suppliers’ price lists to make apt and quick purchase decisions depending on the different quantities, vendor policies, and other related factors. Also, you can easily track or check the availability of the products in the supplier’s inventory.

Apart from these few, Odoo helps with purchase management, human resource management, POS management and the entire trading business management, proving to be the perfect ERP solution for the trading industry.

Alex Forsyth is an experienced and proficient consultant of Odoo in Australia, associated with a reliable Odoo service provider, Envertis Software Solutions. The author has written this article to let you know the reasons why your trading business needs Odoo implementation.