Do you wish to improve your inventory management and control?
Lot tracking software is a powerful tool that enables companies to track product batches across the entire supply chain. Typically, the lot tracking starts with the manufacturer and involves distributors, retailers, third-party delivers, and others involved in the supply chain and continues until goods ultimately reach customers.
Tracking product expiration dates and managing product recalls are two highlights why any manufacturer, distributor, and retailer company should use the lot tracking system. The USA Food and Drug Administration has increased regulation and requirements for manufacturing, distribution, and retail all business must follow.
Now in certain specific industries, using the lot tracking system is a legal requirement. Thus, pharmacies have to maintain and track the lot’s information about drugs they are selling.
Therefore, companies regardless of their size use lot tracking as a part of their inventory management strategy.