[ADD] inventory: Terminologies
https://docs.google.com/document/d/1covxEIrLjm0TPA2GmZhNwcxtLcHG1oiVbzPjsZjLwqc/edit
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inventory/overview/terminologies.rst
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inventory/overview/terminologies.rst
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=============
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Terminologies
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=============
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- **Warehouse**: A warehouse in Odoo is a location where you store
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products. It is either a physical or a virtual warehouse. It
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could be a store or a repository.
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- **Location**: Locations are used to structure storage zones within a
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warehouse. In addition to internal locations (your warehouse),
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Odoo has locations for suppliers, customers, inventory loss
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counter-parts, etc.
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- **Lots**: Lots are a batch of products identified with a unique
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barcode or serial number. All items of a lot are from the same
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product. (e.g. a set of 24 bottle) Usually, lots come from
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manufacturing order batches or procurements.
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- **Serial Number**: A serial number is a unique identifier of a
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specific product. Technically, serial numbers are similar to
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having a lot of 1 unique item.
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- **Unit of Measure**: Define how the quantity of products is
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expressed. Meters, Pounds, Pack of 24, Kilograms,… Unit of
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measure of the same category (ex: size) can be converted to each
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others (m, cm, mm) using a fixed ratio.
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- **Consumable**: A product for which you do not want to manage the
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inventory level (no quantity on hand or forecasted) but that you
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can receive and deliver. When this product is needed Odoo suppose
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that you always have enough stock.
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- **Stockable**: A product for which you want to manage the inventory
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level.
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- **Package:** A package contains several products (identified by their
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serial number/lots or not). Example: a box containing knives and
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forks.
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- **Procurement**: A procurement is a request for a specific quantity
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of products to a specific location. Procurement are automatically
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triggered by other documents: Sale orders, Minimum Stock Rules,
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and Procurement rules. You can trigger the procurement manually.
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When procurements are triggered automatically, you should always
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pay attention for the exceptions (e.g. a product should be
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purchased from a vendor, but no supplier is defined).
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- **Routes**: Routes define paths the product must follow. Routes may
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be applicable or not, depending on the products, sales order
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lines, warehouse,… To fulfill a procurement, the system will
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search for rules belonging to routes that are defined in the
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related product/sale order.
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- **Push Rules**: Push rules trigger when products enter a specific
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location. They automatically move the product to a new location.
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Whether a push rule can be used depends on applicable routes.
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- **Procurement Rules** or **Pull Rules**: Procurement rules describe
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how procurements on specific locations should be fulfilled e.g.:
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where the product should come from (source location), whether the
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procurement is MTO or MTS,...
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- **Procurement Group**: Routes and rules define inventory moves. For
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every rule, a document type is provided: Picking, Packing,
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Delivery Order, Purchase Order,… Moves are grouped within the
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same document type if their procurement group and locations are
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the same.
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- **Stock Moves**: Stock moves represent the transit of goods and
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materials between locations.
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- **Quantity On Hand**: The quantity of a specific product that is
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currently in a warehouse or location.
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- **Forecasted Quantity**: The quantity of products you can sell for a
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specific warehouse or location. It is defined as the Quantity on
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Hand - Future Delivery Orders + Future incoming shipments +
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Future manufactured units.
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- **Reordering Rules**: It defines the conditions for Odoo to
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automatically trigger a request for procurement (buying at a
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supplier or launching a manufacturing order). It is triggered
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when the forecasted quantity meets the minimum stock rule.
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- **Cross-Dock**: Cross-docking is a practice in the logistics of
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unloading materials from an incoming semi-trailer truck or
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railroad car and loading these materials directly into outbound
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trucks, trailers, or rail cars, with no storage in between. (does
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not go to the stock, directly from incoming to packing zone)
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- **Drop-Shipping**: move products from the vendor/manufacturer
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directly to the customer (could be retailer or consumer) without
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going through the usual distribution channels. Products are sent
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directly from the vendor to the customer, without passing through
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your own warehouse.
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- **Removal Strategies**: the strategy to use to select which product
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to pick for a specific operation. Example: FIFO, LIFO, FEFO.
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- **Putaway Strategies**: the strategy to use to decide in which
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location a specific product should be set when arriving
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somewhere. (example: cables goes in rack 3, storage A)
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- **Scrap**: A product that is broken or outdated. Scrapping a product
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removes it from the stock.
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