ABC Analysis
ABC analysis groups inventory items by their relative importance, commonly annual consumption value.
Read definitionERP concepts, explained
ERP & Odoo Glossary
Understand the terms behind your business processes. Start with the general meaning, then see how the concept works in Odoo.
A–Z
Find a term
Definitions with Odoo 19 documentation references and related reading from ERPixel.
Absence Rate
Absence rate measures absent time relative to scheduled or available working time over a defined period.
Read definitionAccounting Equation
The accounting equation connects assets, liabilities, and equity: Assets = Liabilities + Equity.
Read definitionAccounting Period
A defined interval for recording and reporting financial transactions, such as a month, quarter or year.
Read definitionAccounts Payable (AP)
Accounts payable are amounts a business owes suppliers for goods or services already invoiced or otherwise recognized as payable.
Read definitionAccounts Payable Aging
Accounts payable aging groups outstanding supplier balances into time buckets, commonly according to due dates.
Read definitionAccounts Receivable (AR)
Accounts receivable are amounts customers owe a business for recognized sales or invoices.
Read definitionAccounts Receivable Aging
Accounts receivable aging groups outstanding customer balances by age or overdue period.
Read definitionActual Cost
The cost recorded from resources actually consumed, rather than a predetermined standard cost.
Read definitionAdvanced Planning and Scheduling (APS)
Planning methods and software that coordinate material availability, resource constraints and order priorities when creating production schedules.
Read definitionAging
Grouping outstanding transactions by elapsed time from a defined reference date, commonly their due date.
Read definitionAllocation
Assigning a quantity of stock or another resource to a particular requirement.
Read definitionAnalytic Accounting
Understand analytic accounting, analytic accounts, plans and cost distribution in Odoo, and how they support project and department profitability reporting.
Read definitionApplicant Tracking
Applicant tracking records candidates, applications and their progress through recruitment stages.
Read definitionApplication Process Review (APR)
A structured review of how an organization uses its business software and where its processes or configuration need improvement.
Read definitionApplication Programming Interface (API)
An API defines how software systems exchange requests and data; its availability alone does not establish that an integration is ready.
Read definitionApps and Modules
Learn the difference between ERP applications and software modules, how Odoo uses both concepts, and why module dependencies matter when changing a database.
Read definitionAssemble-to-Order (ATO)
A fulfillment strategy that assembles a finished product after an order arrives, using components or subassemblies prepared in advance.
Read definitionAsset Capitalization
Asset capitalization records eligible expenditure as an asset instead of immediately expensing it.
Read definitionAsset Disposal
Asset disposal removes an asset from use and the accounting register through sale, scrapping or another retirement.
Read definitionAsset Transfer
An asset transfer moves an asset between locations, custodians, departments or legal entities.
Read definitionAssets
Assets are present economic resources controlled by an entity as a result of past events.
Read definitionAudit Trail
An audit trail preserves evidence of transactions and relevant changes, including who performed an action and when.
Read definitionAutomation Rules
Understand automation rules in ERP systems and Odoo: triggers, conditions and actions, with a simple example of automating a business follow-up.
Read definitionAvailable to Promise (ATP)
Available to promise is the quantity that can be committed to new customer demand after considering existing stock, scheduled supply and prior commitments within a defined horizon.
Read definitionBackflush
Recording component consumption automatically from completed output and predefined component quantities.
Read definitionBackorder
A backorder records the unfulfilled remainder of an order when only part of its required quantity is completed.
Read definitionBalance Sheet
A balance sheet shows assets, liabilities and equity at a specific date.
Read definitionBank Reconciliation
Learn what bank reconciliation means, how Odoo matches bank transactions to accounting records, and where reconciliation models fit into the process.
Read definitionBarcode
A machine-readable representation of an identifier or data using a pattern such as parallel bars or a two-dimensional code.
Read definitionBatch Data Synchronization
Batch data synchronization exchanges sets of records at intervals rather than processing each event immediately.
Read definitionBenefits Administration
Benefits administration manages employee benefit eligibility, selections, contributions and changes.
Read definitionBill of Lading (BOL)
A transport document acknowledging receipt of cargo and recording terms for its carriage; its legal function depends on the document and transport arrangement.
Read definitionBill of Materials (BoM)
Understand a bill of materials, its components and quantities, and how Odoo uses BoMs for manufactured products, operations and kits.
Read definitionBottleneck
A resource or process step whose limited throughput constrains the output of a wider process.
Read definitionBudget Variance
Budget variance is the difference between an actual or committed amount and its budget baseline.
Read definitionBusiness Intelligence (BI)
Methods and tools for turning business data into reports, analysis and information used in decisions.
Read definitionBusiness-to-Business (B2B)
Commercial transactions in which one business sells goods or services to another business.
Read definitionBusiness-to-Consumer (B2C)
Commercial transactions in which a business sells goods or services to individual consumers.
Read definitionCapacity Planning
Capacity planning compares the work required with the resources available over time.
Read definitionCash Conversion Cycle
The cash conversion cycle estimates how long operating cash is tied up between paying suppliers and collecting from customers.
Read definitionCash Flow Statement
A cash flow statement explains changes in cash and cash equivalents over a period, usually distinguishing operating, investing and financing activities.
Read definitionChart of Accounts (COA)
A chart of accounts is the organized list of ledger accounts used to classify assets, liabilities, equity, income and expenses.
Read definitionChart of Accounts Mapping
Chart of accounts mapping relates accounts in one accounting structure to equivalent reporting accounts in another.
Read definitionCloud ERP
ERP deployed using remotely hosted computing resources accessed through a network.
Read definitionCode Refactoring
Refactoring improves the internal structure of existing code while preserving behaviour. Understand its role alongside Odoo repairs and testing.
Read definitionCode Review
Code review examines proposed changes before acceptance. Learn what reviewers check and how it complements testing in Odoo development.
Read definitionCohort Analysis
Cohort analysis compares groups sharing a starting event or characteristic to understand how their behavior changes over time.
Read definitionCollections Management
Collections management organizes actions to recover customer debts, including reminders, responsible owners, dispute handling and escalation.
Read definitionConfigure-to-Order (CTO)
A fulfillment strategy that selects a customer's product configuration from predefined options and rules after an order is received.
Read definitionConfigure, Price, Quote (CPQ)
A sales process or software capability that selects a valid product configuration, calculates its price and prepares a quotation.
Read definitionConsumables
Supplies used during operations that are consumed rather than sold as the main finished product.
Read definitionContract Management
Contract management controls the creation, approval, validity and obligations of business agreements.
Read definitionConversion Rate
Conversion rate definition and formula, with lead-to-opportunity and opportunity-to-won examples for Odoo CRM.
Read definitionCorrective Action
A corrective action addresses the cause of a nonconformance to prevent recurrence.
Read definitionCost Estimate
A calculation of expected resource use and cost for a product, job or service before the work is completed.
Read definitionCost per Hire
Cost per hire is the recruitment expenditure attributable to a period or hiring cohort divided by the number of hires in that same scope.
Read definitionCredit Management
Credit management controls the risk of selling on credit by evaluating customers, setting limits and terms, and reviewing overdue exposure.
Read definitionCredit Note
A credit note reduces or reverses a previously billed amount, for example because goods were returned or an invoice was corrected.
Read definitionCRM
CRM meaning: customer relationships, communication history and follow-up work, plus how Odoo CRM connects leads and opportunities to the wider ERP.
Read definitionCustomer
A person or organization that buys goods or services from a business.
Read definitionCustomer Master Data
Customer master data is the reusable information identifying customers, billing and delivery addresses, payment terms and relevant commercial settings.
Read definitionCutover
Cutover is the controlled transition from the current operating system or process to its replacement in production.
Read definitionCycle Counting
Counting selected stock items or locations on a recurring schedule and reconciling differences with recorded inventory.
Read definitionCycle Time
Cycle time is the elapsed time to complete a defined operation or produce a unit, using stated start and end boundaries.
Read definitionData Migration
Data migration transfers required information from a source system to a target, including the mapping, transformation and validation needed to make it usable.
Read definitionDays Payable Outstanding (DPO)
DPO estimates the average number of days a business takes to pay suppliers.
Read definitionDays Sales Outstanding (DSO)
DSO estimates the average collection period for credit sales.
Read definitionDeclining-Balance Depreciation
Declining-balance depreciation applies a rate to an asset’s remaining depreciable value, creating larger charges earlier in its life.
Read definitionDemand
The requirement for a product or resource arising from orders, forecasts or dependent requirements.
Read definitionDemand Forecasting
Demand forecasting estimates future customer or internal demand over a defined horizon.
Read definitionDepreciation
Depreciation systematically allocates the depreciable amount of an asset over its useful life.
Read definitionDispatch List (DPL)
A dispatch list is a prioritized queue of production jobs or operations assigned to a work center or team.
Read definitionDrill Down
Moving from an aggregated figure to the more detailed records that explain it.
Read definitionDropshipping
Understand dropshipping, its supplier-to-customer fulfilment flow, and how Odoo connects sales orders, supplier purchases and direct deliveries.
Read definitionE-Commerce
Buying and selling goods or services through online channels.
Read definitionElectronic Data Interchange (EDI)
EDI exchanges structured commercial documents between businesses using agreed formats and identifiers.
Read definitionElectronic Funds Transfer (EFT)
Moving money between accounts electronically through a banking or payment network.
Read definitionEmployee Lifecycle
The employee lifecycle is the sequence of employment stages from recruitment and onboarding through role changes and eventual departure.
Read definitionEmployee Master Data
Employee master data is the maintained set of personnel information used across HR processes, including identity, employment details, department and working arrangements.
Read definitionEmployee Onboarding
Employee onboarding is the structured preparation of a new employee for their job, covering introductions, equipment, access and required training.
Read definitionEmployee Turnover Rate
Employee turnover rate measures employee departures over a period relative to an agreed workforce base, often average headcount.
Read definitionEngineer-to-Order (ETO)
A production strategy in which product engineering is performed for a particular customer order before or alongside manufacturing.
Read definitionEngineering Change Management
Engineering change management controls revisions to product designs, component requirements and production instructions.
Read definitionEnterprise Resource Planning (ERP)
An integrated business software system that coordinates shared data and processes across functions such as sales, purchasing, inventory, production and finance.
Read definitionEquity
Equity is the residual interest in assets after deducting liabilities: Equity = Assets − Liabilities.
Read definitionERP Demonstration
A guided presentation or practical session showing how software handles selected tasks.
Read definitionERP Evaluation
ERP evaluation checks whether a system and its implementation approach fit business requirements before the company commits to a project.
Read definitionERP Implementation
The work of preparing, configuring, validating and introducing an ERP system into business operations.
Read definitionERP Implementation Failure
An ERP project outcome in which the delivered system or rollout fails to meet essential agreed business objectives.
Read definitionERP Selection Matrix
An ERP selection matrix compares candidate systems and implementation proposals against consistent business requirements and evidence.
Read definitionERP User
A person or technical identity authorized to access an ERP system with defined permissions.
Read definitionExpense Tracking
Expense tracking records business expenditure, supporting documents, responsibility and the activity that incurred the cost.
Read definitionField-Level Security
Field-level security controls who can read or modify specific fields, even when they can access the underlying record.
Read definitionFinancial Consolidation
Financial consolidation combines separate entities’ financial information into group statements, with the required alignment, currency translation and elimination of internal transactions.
Read definitionFinancial Statements
Structured reports describing an entity's financial position, performance and cash flows over a period or at a reporting date.
Read definitionFinished Goods
Products that have completed the required production steps and are ready for sale or delivery, subject to any remaining release controls.
Read definitionFirst In, First Out (FIFO)
FIFO means using the oldest eligible units or cost layers first.
Read definitionFiscal Positions
Understand fiscal positions in Odoo: transaction-specific tax and account mapping, partner assignment and automatic selection within accounting workflows.
Read definitionFiscal Year
The reporting period used for annual financial statements, normally 12 months, which may differ from the calendar year.
Read definitionFixed Assets
Fixed assets are long-lived tangible resources used in operations rather than held for ordinary resale.
Read definitionFixed Order Quantity
An inventory replenishment rule that orders a predetermined quantity when replenishment is triggered.
Read definitionForecast Error
The difference between forecast demand and observed demand for a defined item, period and forecast horizon.
Read definitionFree on Board (FOB)
An Incoterms rule for sea or inland waterway transport under which delivery occurs when goods are placed on board the vessel at the named port of shipment.
Read definitionGeneral Ledger (GL)
The general ledger is the complete set of accounts recording an organization’s financial transactions.
Read definitionGoods Receipt
A goods receipt records the arrival and acceptance of goods from a supplier or another source.
Read definitionIndustrial Manufacturing
Industrial manufacturing produces machinery, equipment, materials or components used in industrial operations and further production.
Read definitionInspection Plan
An inspection plan defines what to inspect, when, how often and against which acceptance criteria.
Read definitionIntegrated Software
Software whose functional areas work together through shared processes, data or coordinated interfaces.
Read definitionIntercompany Transactions
Intercompany transactions are sales, purchases, services or other transfers between entities in the same corporate group.
Read definitionInterfaced Software
Separate applications connected through a defined mechanism for exchanging data.
Read definitionInventory
Inventory means the goods and materials a business holds, and the records used to manage them.
Read definitionInventory Adjustment
An inventory adjustment corrects recorded stock to reflect a verified quantity or other authorized change.
Read definitionInventory Management
Inventory management controls quantities, availability, replenishment and value of goods.
Read definitionInventory Synchronization
Inventory synchronization exchanges stock-related data between systems using an agreed meaning, identifier and timing.
Read definitionInventory Turnover
Inventory turnover measures how often stock is consumed or sold over a period.
Read definitionInventory Valuation
Learn what inventory valuation means, the difference between costing and accounting timing, and how Odoo 19 separates stock value from accounting entries.
Read definitionInvoice
A document issued by a supplier specifying goods or services supplied, amounts charged and payment information.
Read definitionInvoice Date
The issue date recorded on an invoice.
Read definitionInvoice Processing
Invoice processing is the receipt or creation, verification, approval and accounting of an invoice.
Read definitionItem
An identifiable product, material or service represented in a business system.
Read definitionJob Costing
Job costing assigns costs to an individual job or project so the company can compare its estimate with committed and actual costs and assess profitability.
Read definitionJob Shop
A manufacturing environment that handles varied jobs, often in small quantities, using resources shared across different routings.
Read definitionJournal Entry
A journal entry records a financial transaction through debit and credit lines that balance.
Read definitionJust-in-Time (JIT)
An operating approach that supplies or produces items close to when they are needed, reducing unnecessary inventory and waiting.
Read definitionKanban
Kanban is a method of signaling work or replenishment according to demand and making the flow of work visible.
Read definitionKey Performance Indicator (KPI)
A defined measure used to assess progress toward a specific business objective.
Read definitionLabor Tracking
Labor tracking records the time people spend on work for execution, costing or performance analysis.
Read definitionLanded Costs
Understand landed costs, how freight and related charges affect inventory value, and how Odoo allocates additional costs across received products.
Read definitionLast In, First Out (LIFO)
LIFO means using the most recently received units or cost layers first.
Read definitionLead
What is a lead? Understand unqualified enquiries, qualification and conversion into opportunities in Odoo CRM.
Read definitionLead Times
Learn what lead times measure, how Odoo uses purchasing, production and delivery durations, and why scheduling buffers differ from actual processing time.
Read definitionLean Manufacturing
An approach to improving production by reducing waste and improving flow and value delivered to the customer.
Read definitionLeave Management
Leave management administers employee time-off requests, entitlement balances, approvals and absence reporting.
Read definitionLegacy System
A legacy system is an existing application or platform that still supports business operations but carries constraints that make change or continued support difficult.
Read definitionLiabilities
Liabilities are present obligations to transfer economic resources arising from past events.
Read definitionLocation
A location is a defined place or stock position used to record where goods are held or how they move.
Read definitionLot Numbers
Learn how lot numbers identify product batches, how Odoo tracks their movements, and why batch traceability differs from individual serial-number tracking.
Read definitionMake to Order (MTO)
Understand make to order and Odoo’s Replenish on Order route, including purchase and manufacturing demand, sales-order links and differences from stock rules.
Read definitionMake-to-Stock (MTS)
A production strategy that manufactures goods in anticipation of demand and holds them for later sale.
Read definitionManufacturing Burden
Indirect manufacturing costs assigned to production, such as factory supervision, equipment depreciation and utilities.
Read definitionManufacturing Operations Management (MOM)
Manufacturing operations management coordinates the activities that execute and monitor production, quality, maintenance and inventory operations.
Read definitionManufacturing Resource Planning (MRP II)
An approach that extends material requirements planning to coordinate production resources, capacity and related business plans.
Read definitionManufacturing Routing
A manufacturing routing defines the ordered operations and resources required to make a product.
Read definitionManufacturing Traveler
A document or digital record that accompanies production work and identifies required operations, materials and progress.
Read definitionMaster Data
Understand ERP master data, its distinction from transactions, and how consistent products, contacts and identifiers support connected processes in Odoo.
Read definitionMaster Production Schedule (MPS)
Understand a master production schedule, how Odoo uses demand forecasts and stock targets, and how planned replenishment differs from confirmed production orders.
Read definitionMaterial
A physical input used in production, maintenance or other operations.
Read definitionMaterial Consumption
Material consumption records components used in manufacturing.
Read definitionMaterial Handling
The physical movement, storage and positioning of materials within or between operations.
Read definitionMaterial Requirements Planning (MRP)
MRP derives time-phased component requirements from finished-product demand, bills of materials, existing stock and scheduled supply.
Read definitionMin/Max Inventory Levels
Min/max levels define a replenishment threshold and a target stock level.
Read definitionMixed-Mode Manufacturing
An operating model combining more than one production strategy, such as make-to-stock, make-to-order and engineer-to-order.
Read definitionMMOG/LE
MMOG/LE is a materials-management and logistics assessment framework developed jointly by AIAG and Odette, widely used in automotive supply chains.
Read definitionMobile Data Collection
Capturing operational information at the point of work using a portable device.
Read definitionModel Context Protocol (MCP)
Model Context Protocol is a standard through which AI applications connect to external data and tools.
Read definitionMonolithic Architecture
A monolithic architecture packages an application as one deployable unit rather than as independently deployed services.
Read definitionMulti-Company
Multi-company ERP manages several business entities in one system while retaining the accounting and operational boundaries required for each entity.
Read definitionMulti-Currency
Multi-currency processing records transactions in currencies other than an entity’s accounting currency, while maintaining values in that accounting currency.
Read definitionMulti-Warehouse Management
Multi-warehouse management controls stock and movements across multiple physical sites.
Read definitionNonconformance Report
A nonconformance report records a failure to meet a specified requirement, with evidence and responsibility for its disposition.
Read definitionNorth American Industry Classification System (NAICS)
A classification system used by North American statistical agencies to group business establishments by economic activity.
Read definitionOn-Premise ERP
On-premise ERP runs on infrastructure operated for the organization rather than being consumed solely as a provider-managed application service.
Read definitionOpportunity
What is a sales opportunity? Understand potential sales, qualification, pipeline ownership and how opportunities work in Odoo CRM.
Read definitionOrder Fill Rate
Order fill rate measures the share of eligible customer orders fulfilled according to an agreed criterion, such as complete shipment on the first attempt.
Read definitionOrder Fulfillment
Order fulfilment executes a customer commitment by sourcing, preparing and delivering goods or providing services.
Read definitionOrder Management
Order management controls the lifecycle from a customer’s accepted order through fulfilment, invoicing and exceptions.
Read definitionOrganizational Structure
Organizational structure describes how departments, reporting relationships and responsibilities are arranged.
Read definitionOutsourcing
Arranging for an external organization to perform work that could otherwise be performed internally.
Read definitionOverall Equipment Effectiveness (OEE)
In common manufacturing practice, OEE combines availability, performance and quality to measure productive use of planned production time.
Read definitionOverhead
Indirect costs that support operations and cannot be economically traced to one specific product or job.
Read definitionOvertime
Overtime is working time beyond the normal threshold defined by an employment arrangement or applicable rules.
Read definitionPacking
Packing prepares picked goods into suitable packages for handling or shipment.
Read definitionPacking Slip
A document listing the contents of a shipment for checking and receiving goods.
Read definitionPart Number
An identifier assigned to a particular part or product specification.
Read definitionPayment Allocation
Payment allocation assigns received or outgoing money to specific invoices, bills or open account items.
Read definitionPayment Processing
Payment processing manages incoming and outgoing payments, their methods, authorization and matching to obligations.
Read definitionPayment Terms
Payment terms define when an invoiced amount is due and how it is divided into installments, including any conditions for early-payment discounts.
Read definitionPayroll
Payroll is the process of calculating employee earnings, deductions, employer costs and net pay for a pay period.
Read definitionPayroll Deductions
Payroll deductions are amounts subtracted from gross earnings, such as employee contributions, tax or authorized repayments.
Read definitionPerfect Order Rate
Perfect order rate measures the percentage of orders completed without any defined failure, usually including complete quantity, timeliness, damage-free delivery and correct documents.
Read definitionPeriod Close
Period close is the review and finalization of accounting records for a reporting period.
Read definitionPhantom Assembly
A phantom assembly groups components in a bill of materials without treating the intermediate grouping as a separately stocked manufactured item.
Read definitionPicking
Picking selects the required goods from stock to satisfy a delivery or production requirement.
Read definitionPoint of Sale (POS)
Point of sale is the checkout process and supporting system used to record a sale and its payment when a customer purchases goods or services.
Read definitionPosition Management
Position management defines jobs, responsibilities and staffing needs, distinguishing the role from the individual who occupies it.
Read definitionPosting
Posting is the step that records an approved accounting transaction in the ledger.
Read definitionProcurement
Procurement is the process of identifying a purchasing need, selecting a supplier and obtaining goods or services under agreed terms.
Read definitionProduct Return
A product return moves previously delivered goods back from a customer, or received goods back to a supplier.
Read definitionProduct Variants
Learn how product variants differ from templates, how attributes define combinations in Odoo, and why variant identity matters for stock and manufacturing.
Read definitionProduction Control
Coordinating the release, progress and completion of manufacturing work against the production plan.
Read definitionProduction Planning
Production planning decides what quantities to manufacture and when, considering demand, inventory and supply constraints.
Read definitionProduction Scheduling
Production scheduling assigns manufacturing work to resources and times so demand can be completed.
Read definitionProfit and Loss Statement (P&L)
A profit and loss statement reports revenue, expenses and profit or loss over a defined period.
Read definitionProgress Payment
A progress payment is a partial payment for an agreed stage or measured portion of work, rather than a single payment after the entire project is complete.
Read definitionProject Accounting
Project accounting attributes revenue and costs to individual projects so their financial performance can be understood.
Read definitionProject Billing
Project billing charges customers for work according to agreed terms, such as fixed price, milestones or time and materials.
Read definitionProject Budget
A project budget sets planned revenue or expenditure for a defined project and period.
Read definitionProject Charter
A project charter authorizes a project and records its purpose, expected outcomes, scope, ownership, and initial constraints.
Read definitionProject Profitability
Project profitability compares the revenue attributable to a project with the costs of delivering it.
Read definitionProject Steering Committee
A project steering committee provides senior oversight and resolves decisions that exceed the project manager’s authority.
Read definitionProject-Based Manufacturing
Manufacturing organized around a project that combines production with activities such as engineering, procurement, installation or commissioning.
Read definitionPurchase Order (PO)
A purchase order records a buyer’s confirmed request to a supplier, including goods or services, quantities, prices and terms.
Read definitionPurchase Requisition
A purchase requisition is an internal request to obtain goods or services, usually reviewed before a buyer commits to a supplier.
Read definitionPutaway
Putaway moves received goods to appropriate storage positions.
Read definitionQuality Check
A quality check is a recorded inspection or verification against a defined requirement.
Read definitionQuality Management
Quality management defines standards, inspection controls and actions to maintain and improve output quality.
Read definitionQuantity on Hand
Quantity on hand is the amount of a product currently recorded in the selected stock scope. It is a recorded balance, which should be checked against physical counts.
Read definitionRaw Materials
Materials purchased or held as inputs for production before they are transformed into intermediate or finished goods.
Read definitionReorder Point
A reorder point is the stock threshold at which replenishment should start to cover demand during supply lead time, often including safety stock.
Read definitionReordering Rules
Learn how reordering rules maintain stock levels, how Odoo uses forecast quantities and min/max settings, and how replenishment differs from make to order.
Read definitionReplatforming
Replatforming moves an application or its components to a different runtime or platform with limited changes to the application itself.
Read definitionReplenishment
Restoring supply to meet expected or actual demand through purchasing, production or stock transfer.
Read definitionRequest for Proposal (RFP)
An RFP invites suppliers to propose how they would deliver a solution, including their approach, scope, team, pricing, and assumptions.
Read definitionRequest for Quotation (RFQ)
An RFQ asks a supplier to offer prices and delivery terms for specified goods or services.
Read definitionResource Allocation
Resource allocation assigns people or equipment to required work and time periods.
Read definitionResource Utilization
Resource utilization describes how much available resource capacity is actually used for a defined class of work.
Read definitionRevenue Recognition
Revenue recognition determines when and how much revenue is recorded as earned under the business’s accounting policy.
Read definitionRole-Based Access Control
Role-based access control assigns permissions through roles or groups reflecting responsibilities.
Read definitionRoute
A route describes the sequence or rules a product follows through a business process, such as receipt, storage and delivery.
Read definitionRun Time
Run time is the duration of active processing in a production operation.
Read definitionSafety Stock
A planned inventory buffer held to reduce the effect of uncertain demand or replenishment time.
Read definitionSales and Operations Planning (S&OP)
Sales and operations planning is a cross-functional process for agreeing a feasible business plan that balances demand, supply and financial objectives.
Read definitionSales Order
A sales order records a confirmed customer purchase, including products or services, quantities, prices and delivery or billing terms.
Read definitionSales Quotation
A sales quotation is an offer specifying products or services, prices and commercial terms for a potential sale.
Read definitionScrap Rate
Scrap rate measures the share of material or output discarded as unusable, using a stated denominator and period.
Read definitionSegregation of Duties
Segregation of duties separates conflicting responsibilities, such as creating suppliers, approving bills and releasing payments.
Read definitionSerial Numbers
Understand serial numbers as individual item identifiers, how Odoo records their movements, and how serial tracking differs from tracking quantities by lot.
Read definitionSetup Time
Setup time is the time needed to prepare a production resource for an operation, such as tooling or configuration.
Read definitionShift Scheduling
Shift scheduling assigns people or other resources to time slots required to cover work.
Read definitionShip Via
The carrier, transport service or shipping method selected for a delivery.
Read definitionShipping
Shipping dispatches goods to a customer or another destination and records the movement out of the warehouse.
Read definitionShop Floor Control
Shop floor control coordinates and records the actual execution of production operations, including progress, consumed materials, operator time and exceptions.
Read definitionSoftware as a Service (SaaS)
Software as a Service is a delivery model in which users access a provider-operated application running on cloud infrastructure.
Read definitionSoftware License
The terms under which a rights holder permits software to be used, copied, modified or distributed.
Read definitionSoftware Refactoring
Software refactoring improves the internal structure of existing code while preserving its observable behavior.
Read definitionSoftware Upgrade
Moving software to a newer release, including any necessary changes to modules, integrations and data structures.
Read definitionSource Code
The human-readable instructions and related program definitions from which software is interpreted or built.
Read definitionSpare Parts
Replacement components held or purchased to maintain or repair equipment and products.
Read definitionStandard Operation Time
Standard operation time is the expected duration of a defined production operation under stated conditions.
Read definitionStock Count
A stock count measures the physical quantity of goods at a location and date.
Read definitionStorage Location
A storage location identifies a defined place where stock is held or a logical position used to record movements.
Read definitionStraight-Line Depreciation
Straight-line depreciation allocates an asset’s depreciable amount evenly over its useful life, subject to timing conventions.
Read definitionStrategic Sourcing
Strategic sourcing is a structured, long-term approach to choosing supply arrangements that meet business needs and deliver value across the total cost of ownership.
Read definitionSunk Cost
An incurred cost that cannot be recovered, regardless of the next business decision.
Read definitionSupplier
An external person or organization providing goods or services to a business.
Read definitionSupplier Lead Time
Supplier lead time is the expected elapsed time between placing a purchasing order and receiving the goods.
Read definitionSupplier Relationship Management (SRM)
Supplier relationship management is the structured management of ongoing supplier relationships to improve performance, manage risk and create mutual value.
Read definitionSupply Chain
The network of organizations and activities involved in sourcing, transforming and delivering goods or services to the final customer.
Read definitionSupply Chain Management (SCM)
Coordinating sourcing, production, inventory, logistics and related information across a supply chain.
Read definitionSystem Reengineering
System reengineering examines and changes an existing software system so it can meet a revised set of operational and technical requirements.
Read definitionSystems Administrator
A person responsible for operating and maintaining a software environment and its technical resources.
Read definitionTax Withholding
Tax withholding is the deduction of tax from a payment before the recipient receives the net amount.
Read definitionTechnical Debt
Technical debt is the additional effort needed to change software because its internal structure or implementation falls short of what the team needs.
Read definitionThird-Party Application
Software supplied by a developer other than the developer of the main ERP platform.
Read definitionThree-way Matching
Understand three-way matching between a purchase order, receipt and vendor bill, and how Odoo signals discrepancies when reviewing bills for payment.
Read definitionTime and Attendance
Time and attendance records when employees are present and how much time they work.
Read definitionTime to Hire
Time to hire measures the elapsed time between a candidate’s entry into the hiring process and an agreed hiring endpoint.
Read definitionTime Tracking
Time tracking records work duration and its allocation to an activity, project or task.
Read definitionTransfer Pricing
Transfer pricing is the pricing of goods, services or other transactions between related entities.
Read definitionTreasury Management
Treasury management coordinates cash, liquidity, funding, and financial exposures across the business and its legal entities.
Read definitionUnits of Measure (UoM)
Understand units of measure, inventory and purchase conversions in Odoo, and how consistent quantities support purchasing, stock records and bills of materials.
Read definitionUser Interface (UI)
The screens, controls and interaction patterns through which a person uses a software system.
Read definitionUser-Defined Field (UDF)
An additional data field introduced to capture information beyond an application's standard fields.
Read definitionUtilization Rate
Utilization rate expresses used capacity as a percentage of available capacity for the same period.
Read definitionVendor Management
Vendor management maintains supplier information and evaluates supplier offers and performance.
Read definitionVendor Master Data
Vendor master data is the reusable information identifying suppliers and their commercial and payment arrangements.
Read definitionVendor-Managed Inventory (VMI)
An arrangement in which a supplier monitors agreed inventory information and manages replenishment for the customer.
Read definitionVersion Control
Version control records changes to files. Learn how Git commits and branches support review, release traceability and controlled code rollback.
Read definitionWarehouse
A warehouse is a physical site where a business receives, stores and dispatches goods. One company can operate several warehouses.
Read definitionWarehouse Management
Warehouse management controls receiving, storage, picking, packing, dispatch and counts within a warehouse.
Read definitionWave Planning
Wave planning groups selected picking work into coordinated execution windows or groups based on operational criteria.
Read definitionWeighted Average Cost
Weighted average cost values units using total eligible cost divided by total eligible quantity.
Read definitionWork Breakdown Structure (WBS)
A WBS hierarchically decomposes project scope into manageable deliverables or work packages.
Read definitionWork Centers
Learn what a work center represents, how Odoo assigns manufacturing operations to resources, and how working hours, capacity and costs affect planning.
Read definitionWork in Progress (WIP)
Partly completed production or service work that has incurred cost but has not yet reached the defined completion stage.
Read definitionWork Order
A manufacturing work order records the execution of a particular production operation for a manufacturing requirement.
Read definitionYear-End Close
Year-end close finalizes the accounting records for a fiscal year and prepares the opening position for the next year.
Read definitionYield Rate
Yield rate is the share of production input or processed units that becomes acceptable output.
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