Lot Number vs Serial Number

A lot number (or batch number) identifies a group of products manufactured or processed together under the same conditions. All items in a lot share the same lot number.

A serial number is a unique identifier assigned to an individual item. No two items ever share the same serial number. It allows tracking of specific units throughout their lifecycle.

Use lot tracking for perishables (expiration dates), regulated products (pharma, food), chemicals, and any products where you may need to recall a batch. It is simpler than serial tracking.

Use serial tracking for high-value items (electronics, equipment), warrantied products, assets that need individual history, and items with specific configurations or customizations.

Yes, many industries use both. A product might have a lot number (for the production batch) and a serial number (for the specific unit). This provides both batch and individual traceability.