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NSC | Difference Between Serialized Item and Lot Numbered Item

edited Jul 22, 2025 2:54PM in Accounting / ERP

Scenario:

The user wants to know the difference between Serialized Item and Lot Numbered Item.

Solution:

To clarify the difference:

  • Lot Numbered Items
    These track the purchase, stock, and sale of items in groups or batches by assigning a single lot number to the entire group. Each lot may have a unique cost, and the lot number helps track items as they move through inventory.
  • Serialized Items
    These track individual inventory items by assigning a unique serial number to each unit. This allows you to select a specific item for fulfillment or receiving and provides detailed traceability for each individual item.

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