What is Lot Number?
Lot Number
A number assigned to a batch that comes in or is created at one time.
What it means
A LOT is a bundle of items that come in or are made all at once under the same conditions. Even for the same item, the refill received on November 1st and the refill received on November 3rd are different LOTs.
If you have a LOT number, you can follow the history of the item. You can find out which bundle of refill went into this ballpoint pen and, conversely, where the ballpoint pen containing that bundle of refill went.
At the pen factory
200 pieces of black refill received on the 3rd day are numbered L-1103. When a ballpoint pen is made on the fourth day, it is recorded which lot of refill was used.
Why it matters
When a defect occurs and there is no LOT, everything must be questioned. Having a LOT allows you to pick out only the bundle in question and the products it contains.
Related terms
- Goods ReceiptCounting the arrived goods, placing them in the warehouse, and recording them in the system.
- Production outputA record of how many work orders were actually made.
- Inventory transactionsOne line left over whenever inventory moves. It is the same as the transaction details in your bankbook.