Batch Tracking | Secret Life of Inventory

What is Inventory Management? (Learn the Basics & Techniques)

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Transcription:
Now batch tracking is incredibly important to pharmaceutical industry as well as the food industry. It essentially groups together a whole bunch of things that are kind of produced at the same time and it labels them and tags them. So it adds traceability to these items, right? Food expires, right? Food expires. If you have a pharmaceutical, for example, you take some medication, you have a bad batch, you have a reaction to it, they can track that medication right down to when it was produced, where it was produced and all of the other medication that was produced with it. So that you can actually just recall just those. Right. So it's a great way to save money because if you have a recall, you know, a lot of times you'll have to like when you didn't have batch tracking, you have to get rid of absolutely everything. That's a lot of waste. It's bad for the environment, obviously, but it's also, you know, it's bad for your business.

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