Have you ever wondered what’s at the other end of the seashore? It’s the Marine Industry!
The international economy would not be the same without the continuous flow of products and materials from one location to another over a large expanse of water. With the expansion of the manufacturing and trade industries, raw materials are being acquired and final products are being transported internationally, generating revenues for the marine industry.
The cutting-edge Odoo ERP for the Maritime Industry is the only way ahead for marine and cargo businesses. This business management software will aid organizations in collecting, storing, and delivering insights into all data related to their marine industry.
Key Characteristics of an Odoo ERP System for the Maritime Industry
The Odoo ERP (Enterprise Resource Planning) system helps in streamlining the marine industry processes. The key features of an advanced ERP system for the maritime business are as followers:
|Financial Accounting Management|| Y|
|Manufacturing Management|| Y|
|Project Management|| Y|
|Trading and Distribution|| Y|
|Warehousing Module|| Y|
|Inventory Management|| Y|
|POS Module|| Y|
|Quality Control Management|| Y|
|Supply Chain Management|| Y|
The Odoo ERP is a set of business applications that help a company to manage its multiple departments and processes from a single platform.
There are many advantages of implementing Odoo ERP for the Marine Industry. Continue reading to know how high-end software can change your business.
Advantages of Implementing Odoo ERP System in Maritime Business
If you are a business that supplies equipment or a full range of offshore service providers to the marine industries, then implementing Odoo ERP is beneficial.
Complete Single Platform Sea Freight Operations
With Odoo ERP, all shipping procedures are connected, simplified, and controlled from a single dashboard, allowing for close monitoring of all marine business activities.
The warehouses can be managed before and during shipping by utilizing industry-specific ERP. All shipment-related data may be obtained at the press of a button from anywhere in the globe, which improves the delivery system’s overall quality.
The Odoo Implementation Services are the core part of managing any business with multiple processes. —> Implement Odoo ERP into your Marine business with the help of Ksolves’ Odoo experts!
Data Integrity Across Shipment Processes
In Odoo ERP, all data is consolidated under one framework and sent to all departments simultaneously. This helps in minimizing the likelihood of false shipments (shipments present in the register but not in the warehouse).
The prevention of fake shipments will influence sales and profit in a short period of time.
Odoo ERP for Shipping Process Management is the ideal choice for managing large shipments for the Marine industry.
Track Profits & Costs for Accurate Decision-Making
Collecting data correctly is critical to establishing a robust and responsive business strategy. A marine ERP system gives businesses information about the success of their operations.
It establishes an industry standard and motivates the organization to strive for it by producing compelling business solutions. The cost-effective communication afforded by simplifying and automating procedures will allow the firm to swiftly recoup its initial investment.
Moreover, the Odoo ERP can be customized as per every business requirement. If your company is into the marine business, the Odoo customization service can upscale your business.
Keeping track of all the documentation that must be submitted with shipments may be a difficult chore. Along with the documentation, permission is also required. However, with the many modules provided by an Odoo ERP system for the Marine industry, documentation and paperwork should not be a concern.
The documents will be generated automatically by the system which can be used for further business procedures. From invoices to bank statements to order details, every document will be safe and available anytime for use with Odoo ERP.
Now it’s easy to manage your payslips in Odoo for Maritime business. If you need assistance with managing your business documentation using Odoo ERP, connect with us!
There are several complicated procedures involved in shipping logistics from one country to another. Therefore, it is necessary to implement ERP software in the Marine business to make your business run smoothly globally.
Cloud-Based Odoo ERP For Shipping Industry
Technology is growing at a rapid speed and every sector is utilizing it to gain its hidden benefits. As mentioned earlier, ERP is beneficial for Maritime Business, and cloud ERP is the face of new businesses.
Odoo can be hosted on the cloud as well as on-premises. With Cloud-based Odoo ERP, you can access your business from one shore to another.
Cloud hosting enables you to utilize Odoo ERP software remotely while also keeping company data on a secure cloud server. The entire suite is available in the cloud; all you need is decent internet connectivity.
There are major reasons to go for Cloud-based technological solutions. Confused about Cloud vs. On-premise Odoo ERP system & which one will be beneficial in growing your marine business? Get more information in our detailed comparison blog.
A Glance at Odoo ERP to the World of Marine Shipping Industries
Odoo offers various modules that can be used to streamline business processes. Here are a few quick examples of how Odoo can be used for managing shipments in the Marine industry.
Using Odoo ERP, you can generate invoices as soon as the purchase order and contracts are obtained. Once the salesperson generates the quotation, the draft invoice is confirmed by the assigned person through regular mail or an email using Odoo.
Open Odoo ERP>Go to Sales>from the Order section, click Quotation>Create a new quotation.
Once you fill in all the required fields, you can send the quotation by email by clicking on the ‘SEND BY EMAIL’ button.
See, how easy Odoo makes invoicing easy for the distribution and shipping industry.
In the shipping business, whether it is by road or sea, delivering goods on time is crucial. Odoo helps Marine shipping companies to track shipment costs, run smoothly, and track the shipment of the destination.
Based on the demand, you can set the priority for delivering your goods.
Go to the Inventory module in Odoo ERP>Select the Delivery Orders of your company.
Now, according to the need, set the priority of delivery from the given options as mentioned below:
Now you do not have to worry about your order delivery, as Odoo manages everything in a centralized manner.
When in the shipping business, managers have to set the shipping charges on the products. There are several ways to set shipping charges on orders in Odoo.
Go to Inventory>click on Configuration>select Shipping Methods
Click on the ‘create’ button to customize the shipping methods.
You can set the shipping cost based on various fee types such as fixed price, based on rules, DHL, and more.
One of the major challenges a shipping industry faces is estimating the landed cost (the entire cost of a product or cargo once it arrives at the buyer’s door).
Go to Odoo Inventory>Go to Configuration>Click on the ‘Setting’ option. Activate the ‘Landed Cost’ feature and click on the ‘Save’ button.
Note: The products should be in the product category that uses AVCO (Average Cost) or FIFO (First In First Out) cost methods. The inventory must be set to automated in order to integrate landed costs.
Now suppose, you have created the bill for a particular product. After filling in all the necessary details, click on the Save button, then click on the ‘Confirm’ button.
Once confirmed, click on the ‘Create Landed Costs’ button.
To check your total cost, go to Inventory>Operations> and select the Landed Costs option. And finally, you will have your total cost for the particular shipment.
If you need to learn the entire process to integrate landed costs in Odoo for your shipment orders, consult with our Ksolves Odoo experts today!
Odoo Enterprise edition shipment management is efficient and less difficult to use. It allows owners to ship and handle orders from a single platform.
How Big is the Marine Industry Market?
In 2020, The worldwide market was worth USD 168.56 billion and it is expected to be worth USD 188.57 billion by 2028. It is expanding at a 1.43 percent CAGR during the forecast period (from 2021 to 2028).
This industry has the potential to grow; therefore, reliable Odoo ERP software is required. Now manage your Sales, Invoices, Delivery, and Warehouses from a single platform from anywhere at any time.
If you’re looking for the best shipping software for your Maritime business, consult with Ksolves today!
The Last SeaShore!
An Odoo ERP for the Marine shipping industry improves communication with clients and business owners while also offering access to industry best practices. It fosters a favorable relationship with consumers, which increases customer loyalty to the firm.
Ksolves is an official Odoo Gold Partner that offers a wide range of Odoo development services. Implement Odoo ERP into your business and let the magic begin!
Need to cross the seven seas? Consult Ksolves’ Odoo experts today.
Call: +91 8130704295
Frequently Asked Questions
1. What are the issues that the maritime sector is facing, and what is the solution?
Many issues confront the maritime industry, including ongoing supply and demand management. Odoo ERP can assist in handling the issues of the marine sector. More information may be found by clicking here!
2. Is Odoo ERP beneficial for the Maritime industry?
Yes, Odoo ERP helps manage inventory, delivery, and shipping methods. It helps shipping industries to manage their business overseas. Get expert assistance today!