How to Manage Expiry Date in Odoo 18 Inventory | Odoo 18 Inventory Tutorials | Odoo 18 New Features
4Managing Expiry Dates in Odoo 18 Inventory
Odoo 18 provides a robust system to manage expiry dates for products tracked by lots or serial numbers. Here's a step-by-step guide on how to set it up and use it effectively:
1. Enable Expiry Date Tracking:
Go to Inventory -- Configuration -- Settings.
In the Traceability section, enable both Lots & Serial Numbers and Expiration Dates.
Save the changes.
2. Set Expiry Dates for Products:
Go to the Products app and open the product you want to track expiry dates for.
In the Inventory tab, under Traceability, select either By Lots or By Unique Serial Number.
When creating or editing a lot or serial number, you'll see an Expiration Date field.
Enter the expiry date for that specific lot or serial number.
3. Using Expiry Dates in Inventory Operations:
Inventory Adjustments: When adjusting inventory, you can filter products by their expiry dates to ensure accurate stock levels.
Picking and Packing: When creating picking orders, Odoo can automatically prioritize items with earlier expiry dates, ensuring FIFO (First-In-First-Out) or FEFO (First-Expired-First-Out) principles.
Delivery Orders: You can configure Odoo to display expiry dates on delivery slips and invoices, providing transparency to customers.
Automated Alerts: Odoo can send automated alerts to notify you when products are nearing their expiry dates, allowing you to take proactive measures.
Additional Tips:
Define Expiry Times: You can set different expiry times for your products, such as expiration time, alert time, best before time, and removal time.
Configure Inventory Valuation: Odoo allows you to configure inventory valuation methods based on expiry dates, such as FIFO, LIFO, or weighted average.
Leverage Reports: Use Odoo's reporting tools to generate reports on expiring products, stock levels, and value.
Optimize Your Inventory: Implement strategies like regular stock rotation and effective demand forecasting to minimize stock loss due to expiry.
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