Reasons Why Trading Businesses Need Odoo ERP

Just like the other business sectors like manufacturing, eCommerce, and more, trading businesses too need Odoo ERP for efficient business management. Let’s take a look at the key reasons why Odoo is a great fit for trading businesses as well. 

Trading businesses work in a complicated way and involve several processes and activities. There are several challenges like unpredictable behaviour of the customers, changes in regulations, fluctuations in demands, and more that every trading business faces almost every single day. Here’s when the need for the right ERP system comes. Implementing an all-in-one integrated ERP solution like Odoo ERP can increase the productivity, speed up the processes, and can take care of all trading business challenges in an efficient way. Odoo has modules for warehouse management, inventory management, CRM, HRM, accounting management, managing the POS, and all other trading operations like product storage, product marketing, product transportations, etc. 

Now, let’s dive into the key reasons why the trading industry needs Odoo. 

Trading businesses involve storage, production, marketing, Point Of Sale, and more complex processes. Trading involves several tasks and activities starting from the purchase of the raw materials to the trading and delivery of the finished products. Accounting is another major activity in this industry. Apart from these, employee management, customer management, supply chain management and communication management are some more aspects and areas of a trading business. And Odoo can be the best solution to manage all these. 

 

Odoo helps with efficient sales and purchase management: 

Every trading business involves buying components and selling finished goods. Odoo comes with a separate module or application that helps with efficient purchases and sales. This purchases and sales module helps with easy and automated vendor management, sales orders management, management of sales pipeline, customer details, POS, and invoice generation. 

 

Efficient Product management: 

With Odoo’s latest version, your trading business can efficiently and effortlessly manage all products of different categories, variants ( size, colours, and packaging), and having multiple units of measurements. With Odoo 14, trading businesses can also effectively and seamlessly manage products at both variant level and template level. 

 

The ERP helps with effective Human Resource management: 

Odoo HRMS module helps with automated and efficient management of employees or human resources within the company. The ERP automates and manages employee recruitment, employee appraisal, employee attendances, employee time off, employee documents and contracts. 

 

Efficient Customer Relationship Management:

If you are unable to provide real-time customer support and manage your customer relationships then get Odoo implemented into your trading business system. Customers play a crucial role in a trading business and Odoo helps with effective and seamless interaction with the customers, and offer a real-time response to the customers’ enquiries. 

 

Planning scheduling: 

Planning is an important aspect of a trading business. But planning without an ERP support can be a time-consuming task. With Odoo 14’s planning module, this can be a simple and easy process. Odoo planning module helps to easily and quickly schedule all activities. It supports the end-users to manage their shifts and their given tasks as well. 

Apart from these, the ERP helps with centralisation of the database, increase in the transparency in the workflow, and efficient inventory management, leading to a streamlined workflow within a trading business system. If you are running a trading business and are still using those traditional and time-consuming methods for your business management then it's time to upgrade your business and get Odoo 14 customised and implemented by reliable and leading Odoo service providers like Envertis Software Solutions. A good company will have expert Odoo consultants and professionals to help you with successful Odoo implementation as per your business needs.