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Beginers Tutorial

The document outlines a comprehensive system connecting six departments to manage shipments and landed costs effectively. It details the process of tracking shipments, calculating true inventory costs, and generating reports to assess supplier performance and manufacturing risks. Key concepts include the importance of landed costs, proper journal entries, and the configuration necessary for accurate accounting and reporting.

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nasrullah.syed
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0% found this document useful (0 votes)
4 views18 pages

Beginers Tutorial

The document outlines a comprehensive system connecting six departments to manage shipments and landed costs effectively. It details the process of tracking shipments, calculating true inventory costs, and generating reports to assess supplier performance and manufacturing risks. Key concepts include the importance of landed costs, proper journal entries, and the configuration necessary for accurate accounting and reporting.

Uploaded by

nasrullah.syed
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

First Understand the Big Picture

Your module connects 6 departments together:

1. Purchase
2. Inventory
3. Accounting
4. Logistics
5. Manufacturing
6. Management

All your reports come from ONE FLOW.

🧠 STEP 1: What is a Shipment in Your


System?
Example from your report:

SHP-024 – Electronics
PO Value: 125,000
Freight: 12,500
Duty: 6,250
Other: 2,500
Landed Cost: 146,250

Now I explain this in simple words.

Purchase Department says:

“I bought goods worth AED 125,000 from supplier.”

But in reality, goods do NOT cost only 125,000.

You also paid:

 Freight
 Customs duty
 Insurance
 Clearance
 Port charges

So the real cost of inventory is higher.


That is called:

📦 Landed Cost
Definition (very important):

Landed cost = Purchase price + all expenses required to bring goods to warehouse.

🧮 STEP 2: Why Journal Entry is Needed?


You said:

“Landed cost will be posted via adjustment journal entry”


but difficult to understand.

Now I explain properly.

🔢 Example with Real Numbers


Supplier invoice:

Inventory Value = 125,000

Odoo automatically does:

Dr Inventory 125,000
Cr Accounts Payable 125,000

Now goods are in stock at 125,000.

But then you pay freight company:

Freight bill = 12,500

If you just book it normally:

Dr Freight Expense 12,500


Cr Payable 12,500
🚨 Problem:

Inventory still shows 125,000


But real cost is 137,500

Your stock valuation is WRONG.

✅ Correct Way (Automated Valuation Safe


Method)
Instead of treating freight as expense:

We increase inventory value.

So we create Adjustment Journal Entry

Dr Inventory 12,500
Cr Freight Clearing 12,500

Now:

Inventory = 125,000 + 12,500 = 137,500

Correct value.

This is what your module automates.

🏗 Now Let’s Build Complete Flow Using


SHP-024

🔁 FULL SYSTEM FLOW (Beginner Version)

STEP A — Purchase Order


You create:

PO-001
Supplier: China Electric
Amount: AED 125,000

Nothing special yet.

STEP B — Create Shipment Record


You create:

SHP-024
Link PO-001
ETA: 22 Feb
Port: Jebel Ali

This is your [Link] model.

This record tracks:

 ETD
 ETA
 Port
 Status
 Linked PO
 Linked pickings

This is what feeds:

📊 Container Shipment Status Report

STEP C — Goods Arrive


Warehouse validates picking.

Odoo creates:

Dr Inventory 125,000
Cr GRNI / Payable

Now stock exists physically.


STEP D — Add Shipment Costs
In SHP-024 you add:

Cost Type Amount


Freight 12,500
Duty 6,250
Other 2,500

Total = 21,250

STEP E — Allocation Engine


Now system must distribute 21,250 across products.

Example:

500 smartphones.

Freight per unit:

12,500 ÷ 500 = 25 per unit

That’s why your report shows:

Allocated Freight: AED 25.00/unit

This is done by your allocation method:

 By Quantity
 By Value
 By Weight

STEP F — Post Landed Cost Journal


System creates:

Dr Inventory 21,250
Cr Freight Clearing 12,500
Cr Customs Clearing 6,250
Cr Other Clearing 2,500

Now inventory total value becomes:

125,000 + 21,250 = 146,250

Exactly matching your report.

📊 Now See How Reports Are Generated

1️⃣ Container Shipment Status Report


From [Link] table:

 state
 eta_date
 arrival_date
 customs_status
 delay calculation

Delay = Today – ETA

That’s how:

SHP-007 -2 days ⚠️

is calculated.

2️⃣ Supplier Performance Scorecard


Calculated from shipment history:

On-Time %:

On-time shipments ÷ Total shipments × 100

If Mumbai Traders:
6 on-time out of 14
= 43%

That’s how:

43% CRITICAL

appears.

3️⃣ Landed Cost Analysis Report


Pulled from:

 PO Value
 Shipment Costs
 Allocation lines

% Increase formula:

(Landed - PO Value) ÷ PO Value × 100

For SHP-028:

39,200 - 32,000 ÷ 32,000 = 22.5%

Exactly what your report shows.

4️⃣ Manufacturing Risk Report


This is advanced but simple logic.

MO-1026 needs:

 PVC Granules
 Connectors

System checks:

Is stock available?

If not, check:

Is linked shipment delayed?


If ETA > MO start date → Risk = HIGH

That’s how:

❌ 2 Items Delayed → HIGH 🔴

is generated.

🧱 Complete Architecture in Simple Words


Your module has 4 brains:

🧠 Brain 1: Shipment Engine


Tracks container lifecycle.

🧠 Brain 2: Cost Allocation Engine


Distributes freight/duty.

🧠 Brain 3: KPI Engine


Calculates:

 On-time %
 Delay days
 Clearance time
 Financial impact

🧠 Brain 4: Manufacturing Risk Engine


Checks ETA vs MO start date.
🎓 Now I Teach You Conceptually
Forget Odoo for a moment.

Your system answers 5 core questions:

1. Where is my shipment?
2. How much does it REALLY cost?
3. Which supplier is reliable?
4. Will production stop?
5. Are we within financial targets?

All 6 reports answer these 5 questions.

🔥 Most Important Concept You Must Master


Inventory value ≠ Purchase price.

Inventory value = Purchase + All inbound costs.

If this is wrong:

 Profit is wrong
 Margin is wrong
 Financial statements are wrong
 Executive dashboard is wrong

That is why:

“Landed cost via adjustment journal entry”

is critical.

FUNCTIONAL CONSULTANT
Your job is to:
1. Configure system correctly
2. Train users
3. Ensure accounting is correct
4. Make reports match management expectations

You are NOT coding.


You are designing workflow.

🏗 PHASE 1 — INITIAL CONFIGURATION


Before any shipment happens, you must configure system properly.

1️⃣ Inventory Configuration


Go to:

Inventory → Settings

Enable:

 Storage Locations
 Multi-Step Routes
 Automated Inventory Valuation
 Landed Costs

Why?

Because without Automated Valuation, landed cost adjustment will not affect accounting.

If manual valuation → journal entry won’t update stock value.

2️⃣ Product Configuration


Each product must be configured correctly.

For imported products:

 Product Type: Storable


 Costing Method: FIFO (recommended)
 Inventory Valuation: Automated

Example:

Smartphones
Steel Coils
PVC Granules

If product is set as Consumable → landed cost will NOT apply.

Very important.

3️⃣ Accounting Configuration


You must configure:

Freight Clearing Account

Customs Clearing Account

Other Charges Clearing Account

Why clearing account?

Because freight invoice comes separately.

You don't want it as expense immediately.

Instead:

Freight bill →
Dr Freight Clearing
Cr Payable

Later shipment allocation moves it into inventory.

🚢 PHASE 2 — USER WORKFLOW


(OPERATIONAL FLOW)
Now let’s simulate full real scenario.

STEP 1 — Purchase Department


Create Purchase Order:

PO-001
Supplier: China Electric
Amount: 125,000

Confirm PO.

System creates incoming picking.

STEP 2 — Logistics Creates Shipment


Record
Logistics User creates:

Shipment: SHP-024
Link PO-001
Set:

 ETD
 ETA
 Port
 Forwarder

Status = Draft

This feeds your:

📊 Container Shipment Status Report

STEP 3 — Goods Arrive at Warehouse


Warehouse validates receipt.

System creates accounting:

Dr Inventory
Cr GRNI / Payable

Now goods are in stock.

Shipment status → Arrived

STEP 4 — Finance Receives Freight &


Customs Bills
Freight Company Invoice:

12,500

Account entry:

Dr Freight Clearing
Cr Accounts Payable

Customs Duty Invoice:

6,250

Dr Customs Clearing
Cr Accounts Payable

These are NOT expenses yet.

They are temporary.

STEP 5 — Apply Landed Cost


Now finance goes to:

Shipment → Compute Landed Cost


System:

 Reads total clearing amounts


 Allocates based on method (By Value / By Quantity)

Example:

Freight 12,500
Duty 6,250
Other 2,500

Total = 21,250

STEP 6 — Validate Landed Cost


System posts adjustment entry:

Dr Inventory 21,250
Cr Freight Clearing 12,500
Cr Customs Clearing 6,250
Cr Other Clearing 2,500

Now:

Inventory value = 146,250

Clearing accounts become zero.

System is balanced.

📊 Now Let’s Connect Reports to Workflow

📊 REPORT 1 — Container Shipment Status


Generated from:

 Shipment Status
 ETA
 Arrival Date
 Customs Status

Delay calculation:

Today – ETA

If positive → Delayed

This is purely logistics + date tracking.

No accounting involved.

📊 REPORT 2 — Supplier Performance


Scorecard
Calculated from:

 Number of shipments
 On-time deliveries
 Delay days

Formula:

On-time % = On-time ÷ Total × 100

Procurement uses this in quarterly review.

You configure:

 Tolerance days (±2 days allowed)


 Risk categories

📊 REPORT 3 — Landed Cost Analysis


Generated from:

 PO Value
 Shipment cost lines
 Allocation entries

Important consultant responsibility:

Ensure:

Sum of allocation = Total landed cost

And:

Inventory valuation report matches Landed Cost Report.

If mismatch → accounting setup is wrong.

🏭 REPORT 5 — Manufacturing Risk Report


How it works functionally:

MO requires materials.

System checks:

Is material available?

If not:

Is there linked incoming shipment?

If ETA > MO start date → Risk = HIGH

This connects:

Inventory + Purchase + Shipment + Manufacturing

As consultant, you must ensure:

 MOs linked properly


 Incoming shipments linked to products
 Lead times configured
👔 Executive Dashboard (Report 6)
This is summary layer.

Pulls data from:

 Inventory valuation
 Shipment stats
 Supplier KPIs
 Landed cost %

If any base configuration wrong → Dashboard wrong.

⚠️COMMON IMPLEMENTATION
MISTAKES
As consultant, avoid these:

1. Product set as Consumable


2. Inventory valuation set to Manual
3. Freight booked as expense directly
4. Shipment not linked to PO
5. Allocation done before goods received
6. Users bypassing workflow

🧭 END-TO-END FLOW (In One Line)


Purchase → Shipment → Receipt → Freight Bills → Landed Cost Allocation → Accounting
Adjustment → Reports → Dashboard

Everything depends on discipline.

🧠 VERY IMPORTANT CONCEPT


Landed cost is NOT expense at purchase time.
It becomes part of product cost.

Expense happens only when product is sold (COGS).

That is how profit becomes correct.

🎓 What You Now Understand


You now understand:

✔ How shipment record works


✔ How landed cost works
✔ Why journal entry is needed
✔ How supplier KPI is calculated
✔ How manufacturing risk works
✔ How dashboard pulls everything

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