This type of inventory valuation method is known as “FIFO” (first in, first out), which helps to dramatically reduce instances of products going bad before they’re delivered to customers. Lot tracking is a warehouse management best practice that helps to organize and store ecommerce inventory to ensure quality control, traceability, and proper fulfillment.įor instance, if you’re worried about your finished products surpassing their expiration dates, you can use lot tracking system to ensure that the items that first entered the FDA-approved warehouse are also the first to be fulfilled. Here are some examples of product types regulated by the FDA:
The US Food and Drug Administration (FDA) is a government agency responsible for the safety of the following products sold or manufactured in the United States.Īny product that requires FDA-approval (due to expiration date or contains ingredients that require regulation) must use a lot tracking system. Of course, there are some products that lot tracking becomes an essential.
Many products can benefit from a lot tracking system, though it is more expensive to do so as each lot needs its own storage space and can’t be stored with similar batches of the same product. Which products need lot tracking numbers? Lot tracking is also used to organize inventory by production or expiration date. Lot tracking is a system used to trace parts or ingredients associated with a group of products back to a manufacturer or supplier. A fulfillment expert will get back to you shortly.
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