Revolutionizing Inventory Management for Small Businesses: The Launch of inFlow's Lot Tracking Feature
Revolutionizing Inventory Management for Small Businesses: The Launch of inFlow's Lot Tracking Feature
In a major development for small and midsize businesses, inFlow Inventory has officially launched its much-anticipated lot number and expiry date tracking feature. This innovation is set to transform the way manufacturers and distributors, particularly in the food, beverage, and pharmaceutical sectors, manage their inventory.
What Does the New Feature Offer?
The lot tracking feature provides comprehensive batch-level traceability that spans the entire workflow—from purchasing and production to sales and shipping. It enables users to easily track specific batches of products from the moment they are received until they reach customers.
Previously, the capability for lot number tracking was primarily associated with expensive enterprise resource planning systems (ERPs), often out of reach for smaller businesses. Many manufacturers resorted to outdated practices, manually tracking their inventory through cumbersome spreadsheets. This new tool by inFlow promises to level the playing field, empowering small businesses to enjoy sophisticated tracking capabilities at a fraction of the cost.
"Traceability shouldn't be a luxury feature," said Louis Leung, co-founder and CEO of inFlow Inventory. He emphasized that businesses in need of efficient tracking solutions should not be hindered by budget constraints associated with larger, more complex systems.
Key Features of the Lot Tracking System
The new lot tracking system is designed with user-friendliness and efficiency in mind. Here are some of its standout features:
- - Batch Traceability: Every lot can be traced back to its origin, showing its entire history, including when it arrived, how it was used, and who purchased it.
- - Expiry Management: Businesses can set shelf lives for their products, and inFlow automatically calculates and tracks expiry dates. This feature comes with an expiry report that categorizes inventory based on its status: expired, near expiry, or past sell-by date.
- - First Expired, First Out (FEFO): The system helps automate the shipping process, ensuring that the oldest stock is prioritized during order fulfillment, reducing the risk of expired inventory.
- - Enhanced Barcode Support: The system can read various GS1 barcodes and QR codes, allowing for efficient data input and management.
- - Flexible Lot Tracking: The lot tracking feature can handle both batch codes and serial numbers, which is a rarity outside of enterprise systems.
- - Multifunctional Usability: The system is compatible with inFlow Inventory for Web, inFlow Manufacturing, and inFlow Mobile, allowing users to scan batches during various warehouse operations (receiving, picking, and put-away).
These functionalities not only streamline operations but also make it easier for businesses to comply with industry regulations, thereby improving their overall efficiency and responsiveness to issues such as recalls.
Who Can Benefit?
The feature is aimed at a diverse set of industries, particularly food and beverage producers, pharmaceutical distributors, medical device companies, and other manufacturers who require reliable traceability without the overhead costs associated with an ERP system. These businesses often operate under tight budgets and may not have dedicated IT teams to support complex implementations.
Availability and Pricing
This feature is included in all current inFlow plans at no extra cost for mid-size clients and above. New users can start with a free trial, showcasing the lot tracking capability available right from the start. In addition, inFlow offers setup guides to assist with implementation, making it accessible for all levels of users.
About inFlow Inventory
Founded in Toronto in 2007, inFlow Inventory is a cloud-based inventory management solution tailored for small and mid-size businesses. With a robust track record of managing over 20 million products across the globe, inFlow integrates seamlessly with various platforms including Xero, QuickBooks Online, and Shopify, allowing for comprehensive inventory and sales order management.
With this latest feature launch, inFlow continues to solidify its position as a leader in inventory management solutions, demonstrating a commitment to supporting businesses in optimizing their operational capabilities and achieving their goals efficiently.
For more information about inFlow Inventory and its innovative features, visit inflowinventory.com.
Topics Consumer Products & Retail）
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