Lot Inventory can be defined as the organized system for keeping track of large numbers of items or quantities. It is particularly important in warehouses, manufacturing plants and other commercial contexts where individual items must be counted and tracked. By monitoring the amount of inventory available in lots, businesses can make more informed decisions when it comes to ordering more products, storing them effectively, and anticipating customer demand. With careful management, lot inventory enables companies to stay on top of their inventory, ensuring that customers are always supplied with the products they need, when they need them