What is Batch Tracking
Batch tracking refers to the process of monitoring and keeping records of items that are produced or processed in batches. This can include monitoring the production process, inventory control, and tracking the movement of items from the point of origin to the final destination.
Batch tracking also helps to maintain inventory control and to ensure that the right items are in the right place at the right time.
Batch tracking is often used to meet regulatory requirements and to ensure the safety of products especially in the event of a product recall keeping records of the ingredients used in the production process.
Benefits of Batch Tracking
There are several benefits to implementing batch tracking in various industries. Here are some of the key benefits:
- Quality Control: Batch tracking can help ensure that products are produced according to specific quality standards. By tracking the production process and the movement of each batch, companies can quickly identify and address any issues that arise, reducing the risk of product defects and recalls.
- Regulatory Compliance: Many industries are subject to strict regulatory requirements that mandate the tracking of products from production to delivery. Batch tracking provides a way to maintain compliance with these regulations, which helps companies avoid fines, legal issues, and reputational damage.
- Supply Chain Management: By tracking each batch of products, companies can manage their inventory more effectively, reducing waste and ensuring that the right products are in the right place at the right time. This helps to optimize the supply chain, reducing costs and improving efficiency.
- Improved Customer Service: By tracking batches and keeping accurate records of product movements, companies can provide better customer service. In the event of a product recall or quality issue, companies can quickly identify affected batches and notify customers, reducing the risk of harm and building trust with the customer.
Track, purchase, produce and manage orders and stock with ease. MYOB CRM runs the whole business from sales to fulfillment.
Improve accuracy of outbound shipment information and automatically update stock levels
Manage Backorders so you can still make the sale, invoice or do it later when the item comes in or is made. Be able to fulfill multiple sales orders with a click of a button.
Unique serial number makes sense for tracking where things are and who you sold them to.
Sell from multiple warehouses and keep on top of your stock levels across locations.
You can request quotes from suppliers (or potential suppliers) using the Request For Quote (RFQ) module in CRM. You can then quickly create a Purchase Order from an RFQ.
Streamline and save on double entry with accounting integrations.
We made running regular billing for products or services easy. Supports credit card payments and bank transfers
Each customer can have their own credit limits which means you can minimise incoming revenue risks on slow or poor payers.
With automatically issuing of invoices and the invoice reminder system, receiving payments swiftly from customers has never been easier.
Regardless of where the data lives or created it is shared saving rekeying into multiple systems.
Financial data is made available in MYOB CRM, Outlook addon and portal so no need to constantly log into accounting software.
Powerful CRM Integrations
Plug in the apps you use to run your business.