FOYCOM Lot Tracking Software: A Must-Have Feature For Every Wholesale Business
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Features Of FOYCOM Lot Tracking Software
Gain Compliance With Industry Standards
FOYCOM lot tracking software helps you comply with FDA and ISO regulations effortlessly. It alerts you to compliance expiries and manages products by expiry dates, ensuring your business avoids regulatory issues.
Facilitate FIFO For Product Shipment
Implement a first-in-first-out shipment workflow to fulfill orders as soon as they arrive. This ensures a higher shelf life for your users and prevents stocking soon-to-expire products.
Track Items On The Go
Leverage our lot tracking software to monitor as many merchandise groups as you want. Pay for what you use only and scale the tracking system based on your business requirements.
Manually Print Or Auto Generate Lot Numbers
FOYCOM lot tracking software lets you manually print and label batch or serial numbers on shipments. You can also automatically generate lot numbers on invoices.
Simplified Product Recalls
FOYCOM's lot tracking software simplifies product recalls and expiry warnings. Easily return product batches to suppliers or set up faster alert systems with our solution.
Manage Expiry & Best-Use-Before Dates
FOYCOM batch tracking app features a module to manage warehouse inventory by expiry and best-use-before dates. This reduces overstocking, understocking, and product recalls, while simplifying shipments.
End-to-End Lot Tracking
FOYCOM lot tracking system monitors batch movements across the supply chain, recording purchase time, warehouse entry, and logistics exit.
Track Multifarious lot Numbers
Whether tracking the external batch number from the supplier or the internal lot number you assign to incoming merchandise, FOYCOM makes it easy to monitor multiple lot numbers.
Take Control Of Your Supply Chain With Our Powerful Lot Tracking Software Features
Benefits Of Integrating a Lot Tracking Software With Wholesale Business
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With unique ID assignment to different products, you can manage them as independent units and optimize inventory operations. From managing stock availability to reducing floor space and loss of merchandise, it will resolve numerous inventory management problems comprehensively.
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Managing product recalls due to manufacturing defects or misinterpreted expiry dates will become easier with the product traceability software. Also, it will help you deduce the root cause of any recall request and avoid the same situation in the future.
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With the lot tracking numbers assigned to every incoming merchandise, you can mitigate risks to business workflows arising due to human errors.
Foycom lot Tracking Software: Your Ultimate Solution to Product Traceability Problems
Our lot tracking application comprises of custom modules that can be altered or scaled to suffice your specific business requirements. Connect to learn more about all FOYCOM features.
Common FAQ Related to Inventory Lot Tracking Software
Lot management is the process of tracking and managing inventory items in batches or lots. Each lot has a unique identifier and can be tracked from production to sale, ensuring traceability and quality control.
Lot management is important because it enhances inventory accuracy, ensures product traceability, aids in quality control, and helps comply with industry regulations. It also facilitates efficient recall processes if necessary.
Industries that benefit from lot management include pharmaceuticals, food and beverage, cosmetics, chemicals, and any industry where product traceability and quality control are critical.
Setting up lot management in an ERP system typically involves configuring the system to recognize lot numbers, setting up workflows for lot tracking, and training staff on how to manage lots during inventory movements. Your ERP vendor can provide specific setup instructions.
Yes, many ERP systems allow for retroactive assignment of lot numbers to existing inventory. This process involves identifying and tagging inventory with unique lot numbers and updating the ERP system accordingly.
Lot tracking in an ERP system involves assigning a unique identifier to each batch or lot of products. This identifier is used to track the lot through various stages, including production, storage, and sale. The system records all transactions and movements related to the lot, ensuring full traceability.
Yes, an ERP system can manage multiple lot numbers for a single product. This is useful when products from different production batches are stored together or sold simultaneously.
In the event of a product recall, lot management allows businesses to quickly identify and locate affected batches. The ERP system can generate reports showing where specific lots were distributed, making it easier to remove them from the supply chain and inform customers.
Yes, ERP systems with lot management capabilities can generate detailed reports on lot history. These reports include information on production dates, movement records, quality control results, and more.
Yes, lot management in an ERP system can track expiration dates for perishable or time-sensitive products. This feature helps ensure that products are sold or used before they expire, reducing waste and maintaining product quality.
Support for lot management typically includes technical assistance, training, software updates, and maintenance services. Support can be provided by the ERP vendor or a third-party service provider.
Software updates for lot management features are usually managed by the ERP vendor. These updates may include new functionalities, improvements, and security patches, and can be scheduled to minimize disruption to business operations.
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Lot management helps businesses comply with industry regulations by providing detailed traceability and documentation for each lot. This is essential for audits, quality control, and meeting regulatory requirements.
Lot management data in an ERP system is typically protected by robust security measures, including encryption, access controls, and regular backups. These measures ensure that sensitive data is secure and can be recovered in case of data loss.
Yes, lot management can be integrated with other ERP modules such as inventory management, production planning, quality control, and sales. This integration ensures seamless data flow and enhances overall operational efficiency.