ERP 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

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Definitions with Odoo 19 documentation references and related reading from ERPixel.

Analytic Accounting

Understand analytic accounting, analytic accounts, plans and cost distribution in Odoo, and how they support project and department profitability reporting.

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Apps 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.

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Automation Rules

Understand automation rules in ERP systems and Odoo: triggers, conditions and actions, with a simple example of automating a business follow-up.

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Dropshipping

Understand dropshipping, its supplier-to-customer fulfilment flow, and how Odoo connects sales orders, supplier purchases and direct deliveries.

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Fiscal Positions

Understand fiscal positions in Odoo: transaction-specific tax and account mapping, partner assignment and automatic selection within accounting workflows.

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Inventory Valuation

Learn what inventory valuation means, the difference between costing and accounting timing, and how Odoo 19 separates stock value from accounting entries.

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Landed Costs

Understand landed costs, how freight and related charges affect inventory value, and how Odoo allocates additional costs across received products.

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Lead Times

Learn what lead times measure, how Odoo uses purchasing, production and delivery durations, and why scheduling buffers differ from actual processing time.

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Lot Numbers

Learn how lot numbers identify product batches, how Odoo tracks their movements, and why batch traceability differs from individual serial-number tracking.

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Make 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.

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Master Data

Understand ERP master data, its distinction from transactions, and how consistent products, contacts and identifiers support connected processes in Odoo.

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Product Variants

Learn how product variants differ from templates, how attributes define combinations in Odoo, and why variant identity matters for stock and manufacturing.

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Reordering 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.

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Serial Numbers

Understand serial numbers as individual item identifiers, how Odoo records their movements, and how serial tracking differs from tracking quantities by lot.

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Three-way Matching

Understand three-way matching between a purchase order, receipt and vendor bill, and how Odoo signals discrepancies when reviewing bills for payment.

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Work Centers

Learn what a work center represents, how Odoo assigns manufacturing operations to resources, and how working hours, capacity and costs affect planning.

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