Lot traceability enables tracking of raw materials or products through each stage of the supply chain using lot or batch numbers. It’s critical for quality control, recall management, and regulatory compliance. In industries like food, pharmaceuticals, or aerospace, traceability ensures that defective products can be quickly located and isolated. It also builds consumer trust through transparency and accountability. Modern inventory systems offer end-to-end lot tracking, from supplier through production to final delivery. They allow companies to identify which lots are affected by quality issues and manage them proactively.