Fourth Procurement and Inventory vs. Odoo

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Fourth Procurement and Inventory
Score 8.0 out of 10
N/A
Fourth Procurement and Inventory is software that ties together procurement, 3-way matching, inventory and recipe control. It’s fully integrated, mobile-friendly and can be accessed with a single login. Using predicted sales functionality and analytics, it lets the user forecast demand more accurately.N/A
Odoo
Score 6.9 out of 10
Mid-Size Companies (51-1,000 employees)
Odoo, from the Belgium-headquartered multinational company of the same name, is a suite of business applications for managing the sales pipeline. It also comprises a PoS and inventory management modules, scaling to a warehouse or retail management solution.
$3,060
per year
Pricing
Fourth Procurement and InventoryOdoo
Editions & Modules
No answers on this topic
Basic
$3,060.00
per year
Standard
$5,950.00
per year
Pro
$21,250.00
per year
Offerings
Pricing Offerings
Fourth Procurement and InventoryOdoo
Free Trial
NoYes
Free/Freemium Version
NoYes
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeNo setup fee$20 per app/ per user/ per month
Additional DetailsNew customers get a discount on the initial number of users purchased. ($20.00 USD instead of $24.00 USD).
More Pricing Information
Features
Fourth Procurement and InventoryOdoo
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Fourth Procurement and Inventory
-
Ratings
Odoo
1.9
7 Ratings
Pay calculation00 Ratings2.07 Ratings
Benefit plan administration00 Ratings1.77 Ratings
Direct deposit files00 Ratings1.97 Ratings
Customization
Comparison of Customization features of Product A and Product B
Fourth Procurement and Inventory
-
Ratings
Odoo
1.0
7 Ratings
API for custom integration00 Ratings1.06 Ratings
Plug-ins00 Ratings1.07 Ratings
Security
Comparison of Security features of Product A and Product B
Fourth Procurement and Inventory
-
Ratings
Odoo
1.4
8 Ratings
Single sign-on capability00 Ratings1.05 Ratings
Role-based user permissions00 Ratings1.88 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Fourth Procurement and Inventory
-
Ratings
Odoo
1.6
7 Ratings
Dashboards00 Ratings1.87 Ratings
Standard reports00 Ratings2.07 Ratings
Custom reports00 Ratings1.06 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Fourth Procurement and Inventory
-
Ratings
Odoo
1.6
8 Ratings
Accounts payable00 Ratings2.38 Ratings
Accounts receivable00 Ratings2.38 Ratings
Global Financial Support00 Ratings1.88 Ratings
Primary and Secondary Ledgers00 Ratings1.68 Ratings
Journals and Reconciliations00 Ratings1.07 Ratings
Configurable Accounting00 Ratings1.78 Ratings
Standardized Processes00 Ratings1.06 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Fourth Procurement and Inventory
-
Ratings
Odoo
1.7
9 Ratings
Inventory tracking00 Ratings1.69 Ratings
Automatic reordering00 Ratings1.08 Ratings
Location management00 Ratings2.08 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Fourth Procurement and Inventory
-
Ratings
Odoo
1.5
8 Ratings
Pricing00 Ratings1.78 Ratings
Order entry00 Ratings2.58 Ratings
Credit card processing00 Ratings1.06 Ratings
Cost of goods sold00 Ratings1.78 Ratings
Order Orchestration00 Ratings1.97 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Fourth Procurement and Inventory
-
Ratings
Odoo
1.3
8 Ratings
Billing Management00 Ratings1.78 Ratings
Revenue Recognition00 Ratings1.78 Ratings
Cash and Asset Management00 Ratings1.77 Ratings
Travel & Expense Management00 Ratings1.06 Ratings
Budgetary Control & Encumbrance Accounting00 Ratings1.06 Ratings
Period Close00 Ratings1.06 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
Fourth Procurement and Inventory
-
Ratings
Odoo
1.1
7 Ratings
Budgeting and Forecasting00 Ratings1.06 Ratings
Project Costing00 Ratings1.05 Ratings
Cost Capture00 Ratings1.05 Ratings
Capital Project Management00 Ratings1.05 Ratings
Customer Contract Compliance00 Ratings1.05 Ratings
Project Revenue Recognition00 Ratings1.05 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
Fourth Procurement and Inventory
-
Ratings
Odoo
1.0
6 Ratings
Project Planning and Scheduling00 Ratings1.06 Ratings
Task Insight for Project Managers00 Ratings1.15 Ratings
Project Mobile Functionality00 Ratings1.15 Ratings
Project Candidate Search00 Ratings1.05 Ratings
Definable Resource Pools00 Ratings1.05 Ratings
Talent Profiles00 Ratings1.05 Ratings
Absence Management00 Ratings1.05 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
Fourth Procurement and Inventory
-
Ratings
Odoo
1.0
6 Ratings
Award Lifecycle Management00 Ratings1.05 Ratings
Spending Control00 Ratings1.05 Ratings
Indirect Cost Management00 Ratings1.06 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
Fourth Procurement and Inventory
-
Ratings
Odoo
7.6
6 Ratings
Bids Analyzed and Compared00 Ratings7.74 Ratings
Catalog Shopping E-Commerce for Employees00 Ratings9.24 Ratings
Contract Authoring00 Ratings9.24 Ratings
Contract Renewal Automation00 Ratings8.54 Ratings
Contract Repository00 Ratings9.24 Ratings
Requisitions-to-Purchase Orders Integrated00 Ratings1.05 Ratings
Supplier Management00 Ratings8.54 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
Fourth Procurement and Inventory
-
Ratings
Odoo
9.7
2 Ratings
Risk Repository00 Ratings10.02 Ratings
Control Management00 Ratings10.02 Ratings
Control Efficiency Assessments00 Ratings9.02 Ratings
Issue Detection00 Ratings10.02 Ratings
Remediation and Certification00 Ratings10.02 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
Fourth Procurement and Inventory
-
Ratings
Odoo
5.6
3 Ratings
Transportation Planning and Optimization00 Ratings6.02 Ratings
Transportation Execution Management00 Ratings6.02 Ratings
Trade and Customs Management00 Ratings6.01 Ratings
Fulfillment Management00 Ratings7.02 Ratings
Warehouse Workforce Management00 Ratings7.02 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
Fourth Procurement and Inventory
-
Ratings
Odoo
8.7
4 Ratings
Production Process Design00 Ratings8.14 Ratings
Production Management00 Ratings8.34 Ratings
Configuration Management00 Ratings9.23 Ratings
Work Execution00 Ratings9.23 Ratings
Manufacturing Costs00 Ratings9.23 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Fourth Procurement and Inventory
-
Ratings
Odoo
5.1
4 Ratings
Forecasting00 Ratings1.04 Ratings
Inventory Planning00 Ratings1.04 Ratings
Performance Monitoring00 Ratings9.23 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
Fourth Procurement and Inventory
-
Ratings
Odoo
8.5
3 Ratings
Proposal Management00 Ratings8.73 Ratings
Product Master Data Management00 Ratings8.73 Ratings
User Ratings
Fourth Procurement and InventoryOdoo
Likelihood to Recommend
7.4
(4 ratings)
1.7
(12 ratings)
Likelihood to Renew
-
(0 ratings)
1.0
(1 ratings)
Usability
-
(0 ratings)
1.6
(5 ratings)
Support Rating
7.5
(8 ratings)
1.4
(5 ratings)
User Testimonials
Fourth Procurement and InventoryOdoo
Likelihood to Recommend
HotSchedules and Fourth
The product is user-friendly in automating the tasks, managing the master data through central purchasing, and creating custom reports. It lacks certain basic functionalities like a record of wastages, sending automated emails confirming if the automatic tasks (scheduled tasks) have been completed or not, and the ability to automate the nutrition information, etc.
Read full review
Odoo
The software is really good for managing inputs and inventory as well as maintaining traceability. The "track picking moves" functionality lets you look into a specific lot or serial numbers and view all the product moves that occurred with that lot. However, some navigation is not intuitive. For example, if I click on an item in the BoM of an assembly, then click the back button to go back to the assembly, the site goes all the way back to the home screen. Some of these quirks mean that there is a learning curve for the software, but overall the tracking is very good.
Read full review
Pros
HotSchedules and Fourth
  • The 'stock management' tab on the home screen is of particular use when keeping tabs on incoming deliveries into the restaurant.
  • The option to open and close your stock period is great as you have the chance to edit your stock at a moment's notice.
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Odoo
  • Ignore requests for support
  • continue to collect money from users through micro-charges; apps, supports, etc.
  • Offer no support when they do finally respond, saying that it's the app developer's duty.
  • Creates a system that forces people that are good with software systems to pay for support
Read full review
Cons
HotSchedules and Fourth
  • It would help massively to see via Enterprise and menu items what ones are no longer active, to keep the data tidy.
  • When you take purchase reports from Enterprise and select to organise them by category, show the name of the category on the actual report download.
  • Quick and easy upload/download of supplier products for correcting prices, descriptions, prices in bulk.
Read full review
Odoo
  • Community version is sometimes hard to maintain, needs some on-premise knowledge (IT) or having business with an Odoo partner that is sometimes expensive and unreliable.
  • Enterprise version is as expensive as other ERP in the market.
  • Reporting is horrible, not a lot of possibility to integrate seamlessly with a third party BI platform.
Read full review
Usability
HotSchedules and Fourth
No answers on this topic
Odoo
I would give it an average rating despite being easy to use, but the user interface is very poor and not intuitive at all which makes the whole experience not that good. Also, the system is not mobile friendly at all which is annoying if you want to check something on the go.
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Support Rating
HotSchedules and Fourth
Too long to get an answer.
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Odoo
Easy - there is NO SUPPORT (like in ABSOLUTELY NOTHING!!!!!!!). Even for legally mandatory requirements where the system MUST work, they will gladly take a month to get back to you with a NON-answer. We couldn't even get our bank statements correctly into Odoo for 2 months - leading to no reconciliation and the company accounts were a mess (still are!!) as a result - Completely irresponsible. Have not EVEN had an apology from Odoo - they couldn't care less !!
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Alternatives Considered
HotSchedules and Fourth
No answers on this topic
Odoo
I selected Odoo because it is all in the cloud online and it is very easy to conect from everywhere, but then it did nos suit what we wanted in other fields and the service was poor,so we deceided to cancel the contract, but never get our money back since november 2020.
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Return on Investment
HotSchedules and Fourth
  • Procurement: Integrating some of the key suppliers with Trade Simple has saved labour hours.
  • Integration: GL Integrations have increased the efficiency and quality of data.
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Odoo
  • The integration of the support department in the sales processes was easily carried out by implementing Odoo.
  • Improved functionality and UI of the sales and logistics related processes in the company.
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