Purchase Requisition Forecasting & Stock Availability Widget for Real Time Inventory Projection

Real Time Inventory Forecasting for Purchase Requisition | Stock Availability Widget

Advanced Purchase Requisition Forecasting with Stock Availability & Inventory Projection

Description:

This module extends your custom Purchase Requisition workflow in Odoo by integrating real time stock forecasting directly into requisition lines. By default, Odoo provides forecasting functionality for Sales Orders and Manufacturing Orders. This module brings the same native capability into the Purchase Requisition process.

It calculates live inventory availability and future stock projections based on current on hand stock, incoming receipts, and outgoing demand. This allows procurement teams to clearly understand stock positions before generating Purchase Orders or Internal Transfers.

By embedding forecasting at the requisition stage, the module improves procurement accuracy, reduces overstocking and stock shortages, and enhances overall inventory planning and decision making efficiency.

Purpose of the Module:

The purpose of this module is to provide procurement teams with real time inventory visibility directly from Purchase Requisition lines. By integrating Odoo(s) native stock forecasting functionality into the Purchase Requisition process, users can view current stock availability, incoming quantities, outgoing demand, and forecasted inventory levels before creating Purchase Orders or Internal Transfers.

This helps organizations make informed purchasing decisions, optimize inventory planning, prevent stock shortages and overstock situations, and improve overall procurement efficiency by ensuring that requisitions are based on accurate and up to date inventory information.

Main Features

• Native Odoo Forecasting Widget:
  • Integrates Odoo(s) standard stock forecasting widget directly into Purchase Requisition lines. A familiar stock availability icon is displayed alongside every storable product, providing instant access to inventory forecasting information.
• Real Time Inventory Forecasting:
  • Automatically calculates and displays Free Quantity, Forecasted Quantity, incoming stock, and outgoing demand using real time warehouse data and pending inventory operations.
• Smart Quantity Allocation:
  • Applies intelligent running total calculations across requisition lines to accurately reflect stock consumption when the same product appears multiple times within a single requisition, preventing misleading availability figures.
• Action Aware Forecast Calculations:
  • Dynamically adjusts inventory projections based on the selected requisition fulfillment method, whether through Purchase Orders or Internal Transfers, ensuring accurate stock planning.
• Detailed Stock Availability Popover:
  • Click the forecasting icon to view comprehensive inventory details, including requested quantity, available stock, forecasted inventory, incoming receipts, and outgoing commitments.
• Direct Access to Forecast Reports:
  • Provides a convenient shortcut to Odoo(s) detailed stock forecast report, enabling users to perform in depth inventory analysis and make informed procurement decisions.
• Enhanced Procurement Planning:
  • Empowers purchasing teams with real time inventory visibility at the requisition stage, helping reduce stock shortages, avoid over purchasing, and improve overall procurement efficiency.
• Seamless User Experience:
  • Maintains the native Odoo forecasting interface and behavior, ensuring users can leverage familiar inventory planning tools without additional training.
• Detailed Visuals for Better Understanding:
  • Explore the screenshots below to see the forecasting widget in action. You will see the chart icons, the detailed popover and the real time math calculations.

Scope of the Module

The Purchase Requisition Forecasting module extends the Purchase Requisition process by incorporating Odoo(s) native stock forecasting functionality directly into requisition lines. It provides real time inventory insights, enabling users to evaluate stock availability and projected inventory levels before initiating procurement activities.

Module Scope Includes:

• Stock Visibility:
  • Display stock availability information directly on Purchase Requisition lines.
  • Provide access to Odoo(s) native stock forecasting widget from requisition items.
  • Show on hand quantity, forecasted quantity, incoming stock, and outgoing demand.
• Decision Support:
  • Enable procurement teams to analyze inventory status before creating Purchase Orders.
  • Support better decision making for purchasing and internal stock transfers.
• Inventory Control:
  • Improve inventory planning by providing real time stock visibility during the requisition process.
  • Reduce unnecessary purchases by identifying available stock before procurement.
  • Help prevent stock shortages through accurate inventory forecasting.
  • Maintain consistency with Odoo(s) standard forecasting functionality and user experience.

Business Benefits:

• Efficiency:
  • Enhanced procurement planning and control.
  • More informed and efficient purchasing decisions.
• Optimization:
  • Improved inventory utilization.
  • Reduced overstocking and stock out situations.
  • Better visibility into future inventory availability.

Supported Business Verticals / Industries

The Purchase Requisition Forecasting module is designed for organizations that manage inventory, procurement, and internal material requests across multiple departments, locations, or projects.

• Construction & Contracting:
  • Manage material requests for construction projects, infrastructure development, renovation works, and field operations while ensuring optimal utilization of warehouse stock before purchasing new materials.
• Manufacturing & Production:
  • Track raw materials, components, and production supplies to prevent duplicate purchases and improve production planning through real time inventory visibility.
• Engineering & Industrial Services:
  • Support maintenance materials, spare parts, tools, and operational equipment requests with accurate stock forecasting and procurement planning.
• Information Technology (IT) & Corporate Administration:
  • Manage requests for laptops, desktops, networking equipment, office furniture, stationery, and workplace supplies while maximizing the use of existing inventory.
• Healthcare & Medical Services:
  • Control procurement of medical supplies, pharmaceuticals, consumables, laboratory equipment, and healthcare inventory across departments and facilities.
• Retail & Distribution:
  • Improve inventory replenishment decisions by providing real time visibility into stock availability across warehouses and distribution centers.
• Warehousing & Logistics:
  • Optimize inventory utilization, internal transfers, and procurement planning through accurate stock forecasting and demand visibility.
• Facility Management:
  • Manage requests for maintenance supplies, cleaning materials, safety equipment, and operational consumables across multiple facilities and locations.
• Education & Research Institutions:
  • Streamline procurement of laboratory supplies, educational materials, equipment, and administrative resources while maintaining efficient inventory control.
• Government & Public Sector:
  • Support centralized procurement operations by providing inventory visibility and control.

Menu for Requisitions

Provides a centralized menu to create, manage, and track all purchase requisitions throughout the procurement process.

Comprehensive List View of Requisitions

Track and manage all your material requests across different departments and approval stages from a single, organized list.

Detailed Requisition Form View

Provides a comprehensive form view for creating, reviewing, and managing purchase requisitions with complete visibility into products, quantities, approvals, and inventory forecasting information.

Real Time Stock Forecasting Popover in Purchase Requisition

Provides instant access to detailed stock availability, forecasted quantities, incoming receipts, and outgoing demand directly from Purchase Requisition lines, enabling smarter and more informed procurement decisions.

Smart Availability Projections on Requisition Lines

Intelligently calculates and displays real time stock availability and forecasted inventory quantities on each requisition line, helping users make accurate and efficient procurement decisions.

Clear Business Justifications on Requisition Lines

Enable users to provide detailed business justifications for each requisition line, improving approval transparency, procurement accuracy, and decision making throughout the purchasing process.

Dynamic Purchase Projections on Requisition Lines

Automatically calculates projected purchase requirements for each requisition line using real time stock availability, forecasted inventory, and demand data, helping procurement teams make accurate purchasing decisions.

Automated Shortage Alerts on Requisition Lines

Automatically detects inventory shortages by comparing requested quantities with available and forecasted stock levels, helping procurement teams take timely action and avoid stock out situations.

Contact / Support
Introducing Probuse Consulting Services Pvt. Ltd.