In the corporate world, accurate stock management is critical to the success of any operation. In highly regulated industries, such as food and pharmaceuticals, this management becomes even more critical. We will explore the most common information related to lots, expiration dates, and the FEFO (First Expired, First Out) principle.

1. What is a Lot and why is it Important?

A batch represents a group of identical or similar products that were produced simultaneously. It is an effective way to categorize products by various attributes, including production date, supplier, and storage location. Lots are critical for traceability and stock management, facilitating inventory tracking and control.

2. What are Expiration Dates and How Do They Work?

The expiration date indicates how long a product is guaranteed to be safe or effective for use. It is particularly relevant for perishable products such as food, drugs and cosmetics. Past this date, the product may not maintain the desired quality or safety.

3. What Does the FEFO Principle Mean?

The FEFO principle, which stands for "First Expired, First Out," states that products with the earliest expiration date should be sold or used first. This principle minimizes waste and ensures that fresh products are distributed before those closest to expiration.

4. What are the Benefits of Using the FEFO Principle?

FEFO benefits include:

  • Guaranteed Safety: In sectors such as food and pharmaceuticals, FEFO ensures that non-expired products are available to consumers, guaranteeing their safety.
  • Waste Reduction: Using products close to expiration minimizes the amount of products discarded due to the expiration date.
  • Service Improvement: Customers receive fresh products, increasing their satisfaction.

Regulatory Compliance: In many industries, FEFO is mandatory to ensure the quality and safety of products.

5. How to Read Information on Production Lots?

Each production batch includes key data such as:

  • Numerical Identification: A unique number assigned to the lot.
  • Production Date: The date on which the products in the batch were manufactured.
  • Expiration Date or Duration: The expiration date or the length of time the product maintains optimal quality.
  • Product Description: Product name, brand name, and specifications.
  • Bar Code or QR Code: Tools for rapid batch identification.
  • Manufacturer or Supplier Information: For traceability and communication in case of recalls or quality problems.

6. Management of Lots and Deadlines for Regulatory Compliance.

Lots and deadlines play a crucial role in regulatory compliance. In many industries, it is mandatory to keep track of lots and expiration dates to ensure product quality and safety. Batch and expiration information, although not always on invoices, must be accurately recorded and documented to ensure traceability and comply with applicable regulations.

AMS is your trusted partner in optimizing stock management, ensuring compliance with regulations and effective monitoring of your inventories. With extensive experience in regulated industries, AMS knows how to manage and optimize inventory management to improve operational efficiency and ensure maximum product quality and safety.