Odoo Review - why 4.2 stars?

Shlomi Lavi / updated: Dec 28, 2022

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What is Odoo?

Odoo Inventory is an open-source inventory management software solution that helps businesses track stock from the supplier to the customer and manage their supply chain adequately. The software has several features, and some are discussed below:

• Clean and Fast: With Odoo Inventory, businesses can enjoy double-entry inventory management, manage orders from any location on mobile, update already-posted transactions, and manage single or multiple locations.
• Basic Operations: With Odoo Inventory, users can manage delivery orders, inventory adjustments, multiple locations, manufacturing, repair, etc. Inventory managers can transfer stock through multi-location management tools, scrap products, and package them.
• Advanced Routing: With this feature, businesses can customize their drop shipping offer, transfer newly-landed products straight to outbound gates, customize order flow and product routes, and manage all warehouses from one central point.
• Productivity: The productivity tool features barcode scanners, a customer portal for communication, custom alerts on products and suppliers, a search engine for retrieving information, and automated smart scheduling tools.
• Traceability: Businesses use the traceability feature on Odoo Inventory to monitor and track products by name, serial tag, barcode, etc., enjoy real-time inventory valuation, and access the activity log where all records are stored.

Odoo was founded in 2005 and has over 1700 employees. The company is headquartered in Brabant Wallon, Belgium, and received the Deal of the Year award from Trends-Tendaces in 2020.

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Who is it best for?

The typical customers include the following business size: SMBs.

What is the actual cost?

In terms of pricing, Odoo ERP offers three plans to businesses, one is free, and the other two are paid. 

• Free: businesses opting for free plans get access to a single app and accommodate unlimited users. 

• Standard: the standard plan prices at $7.25 per user per month (yearly) and $9.10 per user per month (monthly). This plan offers several apps alongside unlimited support, maintenance, and hosting. 

• Custom: Starting at $10.90 per user per month (yearly) and $13.60 per user per month (monthly), the custom plan offers an option to customize Odoo as per the organizations' requirements. 

ITQlick pricing score is 2.6 out of 10 (10 is most expensive). Access ITQlick pricing guide for Odoo. You can also find here pricing information from Odoo's website.

Pros

• Odoo Inventory has the typical functionalities of inventory management software
• The internal apps and integrations sync perfectly
• Odoo Inventory has a free plan available
• Documents can quickly and safely be stored with Odoo

Cons

• The software can be challenging to learn, as training resources are insufficient
• Support is almost non-existent except through the Online Success Packs

How it stacks up?

Access a head to head analysis of Odoo vs alternative software solutions.

Frequently Asked Questions (FAQs)

Is Odoo right for you or your business?

Odoo Inventory is a cloud-based and on-premise inventory management software solution that helps businesses of all sizes in retail, distribution, and manufacturing manage their inventory. Coffee Selection, Peha Hagman, and Morgan International are some notable clients that use Odoo Inventory.