Simplify Lot Tracing with RSM

In today’s competitive marketplace, effective lot management is essential for businesses to maintain product quality, ensure traceability, and meet regulatory requirements. However, NetSuite’s native lot tracking can limit flexibility and delay critical transactions. NetSuite’s native lot tracking system is rigid, requiring all lot details to be entered before inventory transactions can be saved. This inflexible requirement can lead to delays in transaction processing and makes it harder to close books at month-end. Additionally, the system limits customization and restricts the use of certain costing methods, such as Average Costing.

Solution:

RSM has developed a Custom Lot solution to present a flexible and unique alternative for businesses requiring lot-numbered inventory management. Instead of directly linking lots to inventory transactions in NetSuite, our solution runs in parallel, allowing businesses to process inventory transactions even when full lot data is not available.

Key Benefits:

· Create inventory lot records with properties and attributes

· Allow lot entry and updates on transactions after posting.

· Report on transaction item/lot quantity discrepancies

· Easily import external lot data (e.g. 3PL data etc.)

· Inventory lot trace, including lots shipped to customers and traceability of input/output lots through manufacturing events

· Retain full use of all costing methods, including Average Costing

RSM’s web-based interface streamlines lot data entry and management, linking directly to native NetSuite transaction records for easy reference and reporting.

Lot Details on NetSuite transaction: 

Traceability reporting is available to identify how the item / lot moved through the purchase, transfer and fulfillment cycles. 

RSM’s Custom Lot solution empowers businesses to take control of their lot management processes, enhancing flexibility and efficiency.

Contact us today to learn how we can help streamline your inventory management.

Andrew Wilson

Andrew leads RSM's National NetSuite Consumer Products Team, a group of industry-focused professionals passionate about business and technology for Consumer Products. We strive to build long-standing relationships with clients, delivering repeatable, predictable solutions and insights across the food and beverage, consumer goods and retail sectors.