A lot is a specific batch of an item that you receive and store in your organization.
Lot control is a technique for enforcing the use of lot numbers during material transactions, thus enabling the tracking of batches of items throughout their movement in and out of inventory.
Oracle Inventory enables you to establish lot control for specific items in your organization.

 

1.  Choose organization-level lot number generation and uniqueness options.
2.  Enable lot and shelf life control for your items.
3.  Perform transactions for lot-controlled items.
4.  Update information for specific item lots.

• Material transactions You can trace item movements by lot number.
• Reservations You can place holds on batches of items.
• Perishable items You can establish shelf life control to regulate the use of perishable items.
• Accuracy You can enter lot number information when you enter physical inventory counts and cycle counts for lot-controlled items.
• Reports and inquiries Oracle Inventory displays lot number information on reports and inquiry windows that list item quantity and transaction information.

Organization level lot number defaults

 

• None You can assign the same lot number to multiple part numbers in the same organization and across organizations.
• Across items You can assign a specific lot number to only one item in the same organization.

• At Item Level You can specify a starting lot number prefix and a starting lot numberwhen you define an item under lot control. When you receive the item, Oracle Inventory uses this information to generate a default lot number for the item.You can always override default lot numbers.
• At Organization Level You can specify the starting prefix and lot number information when you enter the organization parameters. When you receive a lotcontrolled item, Oracle Inventory uses this information to generate a default lot number for the item. You can always override default lot numbers.
• User-Defined Oracle Inventory does not generate a default lot number when you receive your item.

• Shelf Life Days All lots of this item have the number of shelf life days you define. Oracle Inventory calculates the expiration date of the lot by adding the shelf life days to the date on which you receive the item.
• User-defined You can enter an expiration date when you receive each lot and issue items from an expired lot to a scrap account. If you perform any other transaction from an expired lot, Oracle Inventory displays a message warning you that the lot has expired.

Lot Number Entry

(N)Transactions—>Miscellaneous Transaction
(B) Transaction Lines—>Lot/Serial