Lot traceability is relevant for any manufacturer, distributor, and retailer company regardless it is from the food, pharmacy, or industrial business. Certainly, the information type and format might vary from industry to industry, but the ability to track stock by using the lot tracking software system is a business requirement for any company to be successful.
Business owners need to remember that the inability of tracking goods along the supply chain can break their companies in the case of facing the recall of products. Recalls might concern not only the food industry; a company from any industry can be affected, including consumer products (especially children’s products), automotive, medical, and pharmaceutical products. Lot tracking software enables tracing products end-to-end, from a manufacturer through a supplier to a customer. If you do not want to lose in expired and recalled products every year more than investments in the lot tracking software system, start to use such a system immediately.