In an increasingly globalized and multi-path supply chain, accountability is everything. Many businesses have probably heard the term “lot traceability” and how it relates to creating transparent and accountable commerce worldwide. But what exactly is this important concept, and what implications does it have for today’s manufacturing operations?
The key concepts of lot traceability aren’t hard to understand, but understanding them and implementing them can be very different things. This article will examine the core concepts of lot traceability, as well as why some businesses struggle to implement it and, finally, why it’s both easier and more important now than it’s ever been.