Lot Number Management is all about traceability. If a Lot# is recalled you'll be able to trace where it came from, who it was sold to, how much is still in stock and where it is located. Lot Numbers are traditionally associated with seed and feed, but any product in agrē can be assigned a lot number.

Lot Numbers must be unique per product.

I want to read the white paper (with screenshots) about Lot Number Management.

I want to read the white paper on Split Billing (with examples of splitting product with Lot Numbers between multiple growers).

Seed & Feed products have unique inventory Lot Numbers that are provided by the supplier or the manufacturer at the time of purchase.  The Lot# provides detailed information about the product's origins.

For example, on Blue Tags for seed the Lot#s are in the format: 1234-X-56789.

1234 is the plant number where the seed was manufactured

X is the province code (e.g. 8 = Saskatchewan)

56789 is the conditioned, graded, sealed, and labelled seed lot number

You can allocate Lot#s on the fly with an

inventory receipt 

inventory adjustment

manufactured product

location transfer 

manual count

loadout ticket 

invoice

at the time the inventory moves, or you can match them up after the fact by editing a Lot# and linking or unlinking specific inventory transactions.

Products can be flagged as requiring a Lot# be selected before certain transactions can be saved (check the white paper for a list of transactions).

Manual Counts can be linked to Lot#s after the updated count has been entered.
There is a flavour of the Manual Count Sheet report that displays the quantity remaining of each individual Lot#.

What you'll find:

Adding Lot Numbers

Manufacturing with Lot Numbers

Editing Lot Numbers (including linking & unlinking after the fact)

Deleting Lot Numbers