How to Maximize Your Profit in Rental Industry | How to Configure Rental Analysis in Odoo 17 Rental

Odoo 17's Rental App Module goes beyond simply managing rentals. It provides powerful built-in reporting and analysis tools to help you understand your business performance and make informed decisions. This allows you to optimize pricing, identify popular products, and track key metrics for better rental management.
Rental Reporting at Your Fingertips
The Rental Orders dashboard serves as your central hub for rental analysis. It displays all rentals in a Kanban view, providing a quick snapshot of essential details like customer names, rental prices, sales order numbers, and most importantly, the current rental status. This allows you to easily identify rentals in various stages, such as confirmed but not picked up, currently rented, or overdue for return.
Drilling Down with Filters and Groupings
Odoo 17 empowers you to delve deeper into your rental data using filters and groupings. The left sidebar offers filters based on rental and invoice statuses, letting you focus on specific aspects of your business. For example, you can filter to view only overdue rentals or analyze invoices that are yet to be paid.
Groupings take analysis a step further. You can group rentals by factors like product category, customer type, or rental period. This lets you see trends and identify areas for improvement. Imagine grouping rentals by product category to see which ones are rented most frequently, allowing you to adjust pricing or stock accordingly.
Visualizing Insights with Reports
Odoo 17's Rental reporting goes beyond simple tables. It offers two key report views: Pivot view and Graph view.
Pivot View: This provides a spreadsheet-like layout where you can arrange data by various criteria. You can analyze metrics like daily order quantity, daily picked-up quantity, and daily rental amount for different periods. This allows you to identify peak rental seasons or days with high demand for specific products.
Graph View: This presents your data visually using graphs. You can choose from various chart types like bar graphs or pie charts to see trends and patterns at a glance. Imagine a graph showing the total rental income per month, allowing you to identify slow and busy periods for strategic planning.
Comparative Analysis: Past vs. Present
Odoo 17's reporting isn't limited to single periods. You can compare reports for different timeframes, enabling you to track your business growth. This allows you to see if your rental income is increasing, if specific products are gaining popularity over time, or if there are seasonal variations in demand.
By comparing reports, you can assess the effectiveness of marketing campaigns or pricing strategies. You can also identify areas that need improvement and make data-driven decisions to optimize your rental business.
Conclusion
Odoo 17's Rental Analysis features equip you with the tools to gain valuable insights into your rental operations. By leveraging reports, filters, groupings, and visualizations, you can make informed decisions about pricing, inventory management, and marketing strategies to maximize your rental revenue and achieve sustainable business growth.
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