Odoo in Retail Industry
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The retail industry is an ever-booming industry since the globalization era. It is more convenient for people to start small-scale businesses and for consumers to get things quickly from their nearby local store! But with the advent of the internet, retailers face challenges to meet consumer demand and stay ahead in the competition compared to e-commerce and other wholesale platforms.
Today consumers need everything quick. They want to select the things, put them in the basket and pay for them quickly with an invoice at their fingertips. By managing everything manually, retailers will lag in handling a large customer base, and ultimately it will affect their profit. A good ERP with all the functionalities will help them manage the operations, do routine tasks, and have control of their stock management system. The modular design of Odoo will provide them with dedicated modules to manage the business operations and an interconnected integration between all modules for end-to-end error-free tasks.
In addition, Odoo allows managing the inventory centrally, make a database for the information sharing run with ease. Retailers can also expand to making their items available online by integrating an e-commerce module from Odoo. Let's see how Odoo helps in managing the retail industry.
Sales Management
- Lead and Customer Data Management
- Sales Cycle Management
- Email Scheduling
- Quotation and Invoice Generation
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Detailed Sales Reporting
Point Of Sale
POS machines are basically a system that organizes the transactions happening in any retail outlet. Using POS machines, it automatically feeds the transaction details into the system. It eliminates the need for extra effort and the scope of human errors. Its features:
- Product categories
- Multiple user session
- Price List
- Barcode support
- Multiple payment terms
- Connected to inventory


Inventory Management
- Product Management
- Inventory adjustment
- Multi-Warehouse
- Package managing
- Expiry Date
- Stock forecasting
- Multiple units of measure
- Preordering rules
Purchase Management
- Automate procurement propositions
- Launch request for quotations
- Track purchase orders
- Manage supplier’s information
- Control products reception
- Check supplier’s invoices


Customer Relationship Management
- Customer Analysis
- Opportunity Management
- Mass Mailing
- Sales Activity and Analysis
- Customer Retention
Invoices
- Customer Invoicing
- Asset management
- Payments
- Sales Receipts
- Online Payment
- Batch Deposit
- Vendor Bill
- Analytical accounting
