oboloo Glossary

Batch Tracking Inventory Management

oboloo Glossary

Batch Tracking Inventory Management

Batch Tracking Inventory Management is a method of managing inventory that utilizes the concept of batch tracking to ensure accurate stocks, provide visibility over all items in the supply chain, and reduce costs associated with product returns. This approach aims to keep detailed records of inventory positions and movements, so that companies can make better decisions about how to manage their stock levels. By reducing material handling costs, businesses also benefit from being able to track batches in real-time, allowing them to make quick adjustments based on changes in customer demand or availability. Overall, Batch Tracking Inventory Management enables businesses to maximize efficiency while minimizing damage to product quality.