They’re also heavily used in the pharmaceutical industry, where they are often a legal requirement, and a critical part in tracking product recalls. Lot numbers are often used in the food and beverage industry to track batches of perishable products that will expire at the same time. Lot numbers – or batch numbers as they’re also known – differ from serial numbers in that they represent groups of items.
Serial numbers versus lot numbers or batch numbers Typically serial numbers are created sequentially, and have segments recording different types of information, such as where a product was created, the date of manufacture, and any other data deemed useful within the product’s lifecycle, from assembly and distribution, right through to repair and replacement. They can be strictly numerical, or contain letters and symbols as well – the key is that they’re a one-off code matched to a single product or component. Serial numbers are unique identifying codes.
Read more: The Manufacturing Process: A Practical Guide for SMEs.Let’s look at how serial number tracking works, who uses it, and how. They’re also a very useful part of modern inventory management. They’re engraved on our cars and printed on the packages that are couriered to our doorsteps (and more importantly, on packages that never make it to doorsteps). Serial numbers or SNs have become ubiquitous in modern life: they’re on our phones, and in our software. UK Manufacturing Report Sector Performance 2020-2021.Manufacturing Productivity Guide Learn About Productivity in Manufacturing and How Gains Are Unlocked.Supply Chain Management Guide Learn about supply chain management for modern SMEs.The Modern Manufacturing Guide NEW Practical advice for small & medium enterprises.Inventory Accounting Guide NEW A video series for advisors and accountants.Inventory Management Guide Understand the basic concepts behind inventory management.Support Centre Browse our extensive documentation to find the answer you need.Inventory Calculators NEW Handy live calculators & formulas.Inventory Blog Keep up with the latest business trends and best practices.Unleashed Summit A virtual learning summit with industry keynote speakers and thought leadership sessions Learn how Unleashed helps businesses around the world power their inventory management.Health Supplement & Nutraceutical Manufacturing Software.
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