In the 21st century manufacturing and retailing, lot tracking is significant to control over every piece of inventory that moves through a factory, warehouse, or shop. Implementing the lot tracking software system can be expensive, but if a business owner wants his/her company to stay afloat and be competitive in the market, this type of software is critical as it allows supply the normal workflows.
A lot can represent whatever chosen characteristics. Each lot can be divided into child lots that can reflect additional characteristics chosen for items within the lot, for instance, the lot selected for items from a particular vendor can be divided into child lots to represent differences in the quality specifications such as age, batch, or other.
Prism VS’s lot tracking software provides the complete lot number support for inventory transactions. Users can enable lot control for specific items in their inventory by assigning the lot number to each item and referring to the relevant lot each time when performing items transactions. Thus the lot tracking software system enables companies to have full control over lot controlled items in the inventory.