Odoo is an open-source enterprise resource planning (ERP) software that includes customer relationship management (CRM), e-commerce, accounting, billing, inventory management, project management, warehouse management, financial management, manufacturing, and purchasing. ERP stands for enterprise resource planning, and it’s a piece of software that helps businesses handle day-to-day tasks like accounting, procurement, project management, risk management, and compliance, as well as supply chain operations. This software aims to communicate with each other in an effective and smooth manner in order to exchange information.
Odoo, as an open-source solution, includes a variety of features that may be modified at the code level to match a user’s individual needs. Sales, invoicing, point of sale, email marketing, subscription management, and more are all handled. The ERP’s functionality is represented by the following modules:
- E-commerce
Automatic stock modifications and reporting make it simple to keep track of inventory and sales. It organizes client information and uses for order monitoring and claims.
- Customer relationship management (CRM)
It has a sales-oriented user interface and a dashboard that displays a broad overview of sales activity. It also includes useful tips and best practices to help customers build and deploy CRM wisely.
- Inventory
It enables complete material and product tracing from the source to the client. It prepares customer delivery orders depending on availability.
- Manufacturing
This program can be used to handle all of a company’s assembly and production activities. It enables the manufacturing department to do quality checks.
- Accounting
Companies can track assets and depreciation boards automatically, produce amortization entries, and handle all asset-related events.
- Employees
Firms can collect all information about each employee in one database and track each employee’s status using the employees module.
ERPs are very useful especially to companies that are starting to grow in order to manage their e-commerce, manufacturing, and employment. It will make the company easy to manage and will help them grow even more.