Lot Management functionality allows you to stock inventory at a lot level. You can perform all inventory-related functions as you would in a non-lot environment.
IMPORTANT TO NOTE: Once Lot Management is turned on, it is turned on for ALL items. You cannot select which items have lot capability and which do not. This is an all or nothing feature.
Some companies turn lots on even though only a small percentage of their items require lot tracking. In this case, they would always accept the default lot that the system created when first creating the item on the item master file.
Data Fields used on the Lot Details: