Individual products within the batch will have the same lot number, but you cannot use the lot number on any other group. Lot tracking allows you to trace your company’s products from end-to-end or throughout each step in the process. From the beginning manufacturing stages to their arrival at the supplier, distributor and end customer, you can trace the goods throughout their entire journey.
Lot numbers can help you trace quality control, reporting, recalls and other information like production faults. They also aid you in tracking which clients receive particular batches of product, as well as the date of purchase, collection time, expiry dates, manufactured dates and supplier info. With the ability to retrieve details about any group of products along the supply chain, you can remain compliant with regulations from the U.S. Food and Drug Administration (FDA), the Canadian Food Inspection Agency (CFIA) and the International Organization for Standardization (ISO). You can often find a lot code on the outside of an item’s packaging, as well as your records and inventory management software from Finale Inventory. Lot inventory tracking is the documentation of how each good moves in and out of your company’s inventory. It can categorize the materials coming into your facility to help you manufacture a product, as well as finished goods leaving for a supplier or distributor. When you record each lot number to your reporting system, it helps you see trends within specific groups.
It also aids you in understanding the flow of production and whether you generated a profit or loss. Detecting common patterns, like returns from the same lot, can indicate a defect. Inventory management software is essential if you demand streamlined support because it’s ideal for multi-channel businesses that work with numerous suppliers and manufacturers. You can understand the idea of inventory tracking through three concepts: Barcodes: A barcode scanner is a more accurate and efficient way to record your stock compared to manual inputs. Inventory management software: It’s essential to partner with the right software solution that will work with your barcode scanner and other tools. The inventory management program can keep you up-to-date on individual lots and the inventory as a whole. Lot tracking: Lot tracking is a type of software made specifically to trace lot and serial numbers. When you know where your product batches are during the manufacturing and distribution processes, it’s easier to handle different situations and helps you understand various trends. Lot codes are ideal for batches of products you make or receive in high quantities. It’s easy to attach the same code number to a group of similar products and store them together for simple locating. Lot inventory tracking is great for companies that deal with perishable goods, dye lots and potentially harmful items. Other industries that benefit from the system include medical and pharmaceutical sectors, automotive plants and children’s products manufacturers. Yarn and fabric use lot tracking in the form of dye lots. A dye lot classifies yarn, fabric or clothing according to their coloration during the same process. However, dyeing fabric is a method that can’t always guarantee the same color each time. Productions of the same colors can result in different shades, even if it came from the same roll of fabric. This occurrence is common when mixing a new batch of dye and ink in an attempt to recreate a particular color. Factors like temperature and dyeing time can affect the shade of the same color between various dye lots of an otherwise duplicated process. As a result, fabric manufacturers assign each lot a unique identification number and stamp it on the label before shipping. The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) requires importers to identify and keep records of all fireworks imported for distribution.
If a firework importer brings display fireworks into the United States, the products must have lot tracking in the form of the date and shift of manufacture. A food manufacturer could make 1,000 bottles of ketchup in an eight-hour shift. Each would have the same lot ID used to track the manufacturing date or expiry date. Milk uses lot tracking in the form of the “best-by date.” A batch of milk is a set of individual containers that possess the same ingredients and have an identical best-by date because they were produced together.
Producers apply the best-by date to let you know when the milk will taste its best and when stores should stop selling the carton. However, milk is often fine to drink after its expiration date by several days. Using lot inventory is beneficial for a range of manufacturers. Internal instances, such as legal compliances, product recalls and quality assurance, also rely on inventory trackings: Legal regulations: The FDA and other organizations require lot tracking for food, drugs, firearms, fireworks and retail companies. Research your local and state laws to ensure you’re complying with different lot tracking standards.