What is "Lot Control" in Infor M3 warehousing?

"Lot Control" in Infor M3 warehousing focuses on tracking inventory by batch or lot numbers, allowing companies to maintain quality assurance throughout the life cycle of their products. This methodology is crucial for industries where product quality is paramount, such as pharmaceuticals, food and beverages, and other regulated sectors. By identifying items through their lot or batch numbers, organizations can efficiently manage recalls, track expiration dates, and ensure that all products meet safety and quality standards.

The process of lot control includes recording details about each lot, such as the production date, supplier information, and any specific handling instructions, which supports effective inventory management and compliance with industry regulations. This capability helps businesses ensure that they not only maintain high standards in product quality but also provide transparency and traceability, which are increasingly important in today's market.

The other options do not encompass the comprehensive scope of what "Lot Control" entails. For instance, monitoring storage conditions is part of logistics but does not relate directly to the tracking of batch or lot numbers. Organizing inventory based on geographic location focuses more on logistics and distribution rather than quality management. Lastly, pricing strategies pertain to financial management and market analysis rather than to the physical tracking of inventory lots.