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What are Lot Numbers?

Lot numbers are unique identifiers assigned to specific batches or groups of Inventory Items. They play a crucial role in inventory management, especially in industries where traceability, quality control, and product recalls are important. Lot numbers enable businesses to track and manage their inventory more effectively by providing a way to identify items that share common characteristics, such as production dates, suppliers, or quality standards.

Key Benefits of Lot Numbers:

  1. Traceability: Lot numbers allow you to trace the journey of each Inventory Items from its source to the end customer. This is particularly useful in industries like food and pharmaceuticals, where tracking the origin of products is essential for safety and compliance.
  2. Quality Control: By associating lot numbers with specific manufacturing or acquisition processes, you can quickly identify and isolate items that may have quality issues or defects. This helps maintain product quality and customer satisfaction.
  3. Recall Management: In case of product recalls or safety concerns, lot numbers help pinpoint affected items, making it easier to initiate recalls or notify customers promptly.
  4. Inventory Accuracy: Lot numbers enhance inventory accuracy by providing a structured way to organize and categorize items. This is especially valuable when dealing with perishable goods or items with expiration dates.
  5. Pre-Assembled Kits Integration: Lot numbers can be used in conjunction with Pre-Assembled Kits, another valuable feature in inventory management. Pre-Assembled Kits allow you to bundle multiple Inventory Items into one SKU for easier tracking and sales. Lot numbers provide an added layer of detail, ensuring that each component within a Pre-Assembled Kit is traceable and accountable.

How Lot Numbers Work with Pre-Assembled Kits:

When using Pre-Assembled Kits, each component item within the Pre-Assembled Kit can be assigned its own lot number. This means that not only can you track the Pre-Assembled Kit itself, but you can also trace the origins of each individual item within it. This level of granularity enhances your ability to manage and account for inventory components efficiently.

For example, if you create a Pre-Assembled Kit for a gift basket that includes chocolates, wine, and a gift card, each of these components can have its lot number. If there's a concern about the chocolates' quality, you can quickly identify the specific lot of chocolates and manage the issue without affecting the other items in the gift basket.

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