Accurately managing product expiration dates is essential for businesses dealing with perishable goods or products with limited shelf life. The **Update Expiry Date** feature allows businesses to update and track the expiry dates of products in their inventory, ensuring that expiration information is accurate and up-to-date. This feature helps prevent the sale or use of expired products, improving inventory control and reducing waste.
This feature is particularly beneficial for businesses in industries such as food, pharmaceuticals, or cosmetics, where product shelf life is critical. The **Update Expiry Date** feature ensures that businesses can easily modify expiry dates as needed, whether due to stock adjustments, batch changes, or other factors. It helps maintain compliance with safety regulations and ensures that products are always safe for sale or consumption.
Functionality at a glance:
- Enables businesses to update the expiry dates of products in their inventory, ensuring accurate tracking and control.
- Prevents the sale or use of expired products by keeping expiration information current and visible to inventory managers.
- Improves inventory management by allowing businesses to adjust expiry dates for products as stock changes or new batches arrive.
- Integrates seamlessly with Odoo’s inventory management system, ensuring that expiry date updates are reflected in all relevant workflows.
- Helps businesses comply with industry regulations by ensuring that expired products are properly managed and removed from sale.
This feature is particularly valuable for businesses that handle large volumes of products with limited shelf life. For example, a grocery store can use the **Update Expiry Date** feature to update the expiration dates of food products in its inventory as new stock arrives. This ensures that the store can manage products efficiently, reducing waste and ensuring that customers always receive fresh goods.
Example Use Case:
A pharmaceutical company managing a large inventory of medicines can benefit from the **Update Expiry Date** feature by keeping track of the expiration dates for all products. As new shipments arrive or batch adjustments are made, the system allows inventory managers to update expiry dates, ensuring that only products with valid expiration dates are sold or distributed. This helps the company maintain compliance with safety standards and reduce the risk of expired products being used.
In summary, the **Update Expiry Date** feature helps businesses maintain accurate expiration date information for products in their inventory. By enabling updates to expiry dates, this feature improves inventory control, reduces waste, and ensures compliance with industry regulations.
Update Warranty Date from Lot Expiry Date (F2042)