Understanding the Complexity!
Lot or Batch tracking is an important aspect of warehouse tracking system. A ‘lot’ is nothing but a batch of items that has been produced, stored, or shipped along the entire supply chain. Lot and expiration tracking is an integral component of any business that deals with perishable or potentially harmful products. The inability to track items down the supply chain can break a company when faced with a product recall. A system that tracks lot and expiration can help your business to minimize financial and reputational losses with the clients. Industries like food and beverages, production, pharmacy, etc. are highly sophisticated with respect to a production batch and their expiration to track and maintain stocks under inventory.
How Do Lot And Expiry Date Tracking Works Within Goods Order Inventory?
- Reduce Spoilage
- Allows Product Recalls
- Track Product Expiration
- Manage Product Differentiation
- Alerts and Notification
- Advanced Reporting
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