Inventory Adjustments & Cycle Counts in Odoo 17 | Odoo 17 Inventory | Odoo 17 Functional Tutorials

In Odoo, both cycle counts and inventory adjustments are crucial for maintaining accurate inventory records. Here's a breakdown of each concept and how they work together:

Inventory Adjustments:

Used to manually update the on-hand quantity of a product in the system.

Reasons for adjustments could be:

Stock breakage
Spoilage
Loss during theft
Finding unexpected inventory
Odoo's Inventory Adjustments feature allows you to:

Specify a new on-hand quantity for a product
Select a reason for the adjustment
Update the inventory level for specific locations (if enabled)
Cycle Counts:

A systematic process of physically counting a subset of your inventory at regular intervals.
Helps identify discrepancies between the recorded inventory levels and the actual stock.
Odoo supports cycle counts by location:
You can choose a specific storage location to count.
The system displays the recorded on-hand quantity for each product in that location.
During the physical count, you enter the actual quantity found.
Odoo calculates the difference between the two quantities.
How they work together:

Regular cycle counts help uncover discrepancies in your inventory.
Inventory adjustments are used to rectify those discrepancies in the system.
By periodically performing cycle counts and adjusting inventory levels accordingly, you ensure your Odoo data reflects the actual stock.

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