There are times when businesses must track serial numbers. This happens in circumstances where businesses need to provide warranties on their products, to trace the source of an item in case it fails and causes
personal harm, or to build certain sub-assemblies with products that have a range of serial numbers. Serial numbers can provide great value.
At the same time, tracking serial numbers can be tedious. TrackStock makes it easier. It tracks serial numbers even if you need to track them on a FIFO or first in, first out basis. FIFO requires someone to find a specific serial number from the bin full of items.
TrackStock provides a business with three options on how to track serial numbers to provide you with complete flexibility. The three choices are: 1) find a specific serial number to pull, 2) suggest the right serial number to pull, and 3) does not matter which serial number is pulled.
The need to track lot numbers and expiration dates is most common in the food and medical industries. Having an easy scanning app that allows the user to receive, pull, and/or count lot numbers and expiration dates removes the friction from managing this inventory.
For lot numbers, TrackStock allows you to scan the item into inventory and get a list of the lot numbers that are still in inventory, which is especially helpful for cycle counts. If the user has to key in the lot number to count it, he could miss-key the number and now there is a new lot number in the inventory that will never be pulled because it is incorrect.
For expiration dates, TrackStock helps with the goal of limiting expired items. TrackStock can provide a
scheduled report sent via email when items with expiration dates are within a range of days set for the Stockroom stating which items are nearing their expiration dates. When combined with TrackStock's Min/Max Tuning Dashboard analytics that optimize inventory levels, waste can be eliminated.