Hiqh Quality Product via Stock Lot Tracking
Stock Lot Tracking is a simple way to improve overall product quality during it's manufacturing cycle https://www.mrpeasy.com
Stock Lot Tracking is a simple way to improve overall product quality during it's manufacturing cycle https://www.mrpeasy.com
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HIGH QUALITY PRODUCTS<br />
VIA STOCK LOT TRACKING
WHEN DO YOU NEED LOT<br />
TRACEABILITY?<br />
<strong>Lot</strong> traceability is critical if you need to:<br />
• be well organized.<br />
• ensure high quality of your products.<br />
• be able to keep track of expiry dates.<br />
• be able to track your materials, know their exact location, history, etc.<br />
• be able to easily trace defects.<br />
• you are selling to end-consumers who and need to know which products any client received.<br />
• know the history of each product that leaves your premises.<br />
• you are supplying retailers. Many big retail businesses only deal with distributors who have<br />
traceability functions in place.
WHAT IS A STOCK LOT?<br />
The simplest explanation is that a stock lot is one batch of some product. For example, each time a<br />
batch of product is purchased, a new batch is sent to replenish; therefore, a new stock lot number<br />
(aka “a batch number”) is created to identify it.<br />
You may have many stock lots of the same material – purchased at different times, with different<br />
costs, possibly from different vendors, with different expiry dates, stored in different locations/shelves,<br />
some of which have certificates, files or notes attached, etc.
WHAT IS A STOCK LOT?<br />
Once this information has been recorded and associated with the stock lot number, then this allows<br />
you to:<br />
• Know exactly what you have in stock, in which batches, the locations, how much is the actual<br />
value, etc.<br />
• See if anything is going to expire and act accordingly.<br />
Store lot specific information, like delivery notes, Certificates of Conformance, or other documents.<br />
Track the actual cost of each end-product, since the actual cost of materials used is known.<br />
Trace defects from an end-product to a specific production run and to specific batches of materials.
HOW DOES LOT TRACKING WORK?<br />
<strong>Lot</strong> tracking ensures that the history of every product and material is known. Technically, this means:<br />
Each batch of an item is tracked and identified separately.<br />
Every time a material is purchased, a unique lot number is recorded for it.<br />
During production, materials are consumed from specific stock lots. The stock lot numbers are recorded.<br />
Each production run produces a new lot (batch) of products.<br />
<strong>Stock</strong> lots from where products were given out are recorded for each sale.<br />
Defects in end products can be tracked back to specific production operations, or material purchases, in<br />
seconds.<br />
For a defective batch of materials, it is possible to identify all products that were affected.
STOCK LOTS & SERIAL NUMBERS<br />
In addition to being able to track batches, it is important for many industries to be able to track<br />
individual parts or products by using serial numbers. This is especially important for electronics,<br />
defense, automotive and industrial equipment manufacturers.<br />
Since in one lot there are many individual products, serial numbers provide the ability to track each<br />
individual product specifically, look up its individual history, know which customer has it, record<br />
warranty information, schedule maintenances, record issues, etc.
LOT TRACKING IN MRPEASY<br />
The warehouse management functionality (WMS), together with manufacturing planning and reporting<br />
functions (MRP-MES) in MRPEasy offer full lot and serial number traceability. This makes MRPEasy<br />
perfectly<br />
suited for ensuring material and product traceability:<br />
<strong>Lot</strong> tracking is automated and always working.<br />
Unique lot numbers are automatically generated when products enter the system.<br />
Notes and files, e.g. certificates, can be attached to individual stock lots.<br />
Expiry dates of materials and products are managed.<br />
MRPEasy proposes from which lots to pick items – the worker needs no manual lot number recording.
LOT TRACKING IN MRPEASY<br />
MRPEasy makes sure that no product or material can be overbooked by managing the reservations<br />
properly.<br />
If materials or products need to be picked, the lot number, location and quantity is always indicated to<br />
the workers.<br />
It is possible to divide one batch of materials (a stock lot) among different production runs, or<br />
customers. In addition to stock lot numbers, it is possible to track serial numbers of individual parts.<br />
And much more.
ADDITIONAL RESOURCES<br />
Some additional resources about this topic:<br />
Inventory control in manufacturing – easy!<br />
Barcodes: from chaos to tracking<br />
Serial Numbers – Get Rid of <strong>Tracking</strong> Headache<br />
MES – Manufacturing Execution System<br />
Which <strong>Lot</strong> <strong>Tracking</strong> Software Solutions Are Best for Food Distributors?
MRPEasy Cloud ERP/MRP Solution<br />
• <strong>Product</strong>ion planning and reporting<br />
• Supply chain management<br />
• <strong>Stock</strong> management<br />
• CRM<br />
• Managerial statistics, business intelligence<br />
• Integration with online accounting solutions<br />
Easy to deploy and use! Visit us @ www.mrpeasy.com