You can manage and track your inventory in various ways, and one of the most typical approaches is to utilize lot tracking.
This article will explore the definition of lot/batch tracking, its benefits, and its importance. You can guarantee food safety, adhere to regulations, and uphold customer trust by being aware of these advantages and the best ways to put them into practice.
What is Lot Tracking or Batch Tracking?
A group of products created during the same production run is called a batch. The batch is produced using the same basic materials and under the same conditions.
Lot tracking, also known as batch tracking, can track a batch of manufactured items across the supply chain and manage inventory according to production or expiration dates.
What are the Benefits of Lot Tracking?
- Ensures fast, effective, and accurate recalls
Lot tracking makes it easier to quickly identify potentially defective products, track them and pull them from the market, making recalls more effective and reducing costs.
- Improves quality and safety
Lot tracking ensures that food businesses can ensure ingredients meet quality and safety standards, boosting consumer satisfaction.
- Optimizes inventory usage
Lot tracking helps reduce food waste by tracking inventory before, during, and post-production. This helps to manage costs, improve profit margins, and operate more sustainably.
- Improves visibility over suppliers
Lot tracking helps monitor final product quality by monitoring the suppliers’ raw materials. As a result, it will simplify the recognition of the best and worst suppliers, giving you the power to decide which vendors you will buy materials from.
- Ensures products are compliant with regulations
Lot tracking makes it easier to certify the authenticity of ingredients and identify counterfeit ones, especially for complex supply chains.
What is the Importance of Lot Tracking?
The food supply chain and other manufacturing industries rely on lot management and traceability to guarantee product quality and safety. This is accomplished by keeping track of the production dates and the origins of each batch of goods and tracing finished goods from the supplier to the table.
Thanks to traceability, companies can quickly detect and recall products that might be tainted or otherwise dangerous.
Beyond addressing manufacturing issues, being able to track every batch from beginning to end will have many benefits, such as enhancing customer service, boosting the efficiency of warehouse and logistics operations, avoiding FDA or USDA inspections and penalties, and making it simpler and faster to recall defective or unsafe products.
How Can FreshOne Help?
We will work with you as your distribution partner to make shipping your goods more effective. We will assist in finding methods to reduce program costs using our collaborative business approach.
This includes batch/lot tracking, a method in inventory management that can benefit your company by improving visibility and accuracy in managing your inventory.
Learn more about how FreshOne can help your business. Message us now.