For a hybrid company that is selling to both end consumers and the rapidly expanding B2B eCommerce market, keeping a firm handle on the whereabouts and final destination of product can be challenging.
Product traceability is particularly important for businesses that deal in F&B, pharmaceuticals, cosmetics, electronics, and other perishable or consumable products. After all, there may be occasions when a business needs to trace batches of products for a recall, and a batch tracking system could be the simplest, fastest, and most reliable method of identifying where the products are.
If your business supplies products that have an expiry date, you know how important it is for any inventory system to update you on the shelf life of your products. With a reliable and fully integrated batch number tracking reporting system, you won’t have the headache of manually tracking and monitoring every batch on a spreadsheet.
3 reasons why your business will benefit from batch number tracking:
Benefit from building and maintaining better business relationships
By utilizing batch tracking and reporting, your business will not only provide a better customer and supplier experience, it will also lead to improved working relationships with them. The openness and transparency of how you deal with short dated products and recalls are likely to be a major component in building client confidence in both the brand and the business itself.
The TradeGecko batch number tracking system
With TradeGecko’s batch and expiry tracking feature, you can trace a batch’s movement from the beginning to the end of its journey across the inventory system. You’ll be able to see the Sales Orders, Purchase Orders and Stock Adjustments that this batch has been applied to.
We’ve spoken to our customers to find out more about how they used to manage their inventories. In the past, they had to spend 5-12 hours a week on straightening out their inventory to keep track of every batch they sell. Now, with TradeGecko's order management system, they can track product expiry by batches, ensuring that they can maintain the optimal First In First Out method of inventory management.