Batch Tracking and Traceability
What is Batch Tracking?
Fulfilment batch tracking, also known as lot tracking, involves grouping and monitoring a set of orders or products that are processed and shipped together as a single batch. This tracking method allows businesses to keep a close eye on the progress of multiple orders simultaneously, from the moment they are prepared for shipment until they reach the end consumer.
Batch tracking in also an important tool in inventory management of the following strategies:
- Last In, First Out (LIFO)
- First Expiring, First Out (FEFO)
- First In, First Out (FIFO)