The lot and serial numbers strategies can help improve customer experience and traceability. But over-implementing lot and serial numbers might fire back with the increased overhead and admin efforts. In some industries, the lot numbers could be so involved that you might require multiple lot and serial numbers as part of the same product. There might also be requirements for different BOMs that may contain traceable assembly. So what are the best practices when it comes to implementing lot and serial numbers?In today's episode, we invited a panel of cross-functional experts to live interview on LinkedIn who brings significant expertise to discuss Lot/Serial Control best practices. We discussed the layers of the lot and serial numbers and how they might be different in different industries. Finally, we discussed the unique lot and serial number requirements of industries such as defense, pharma, and custom manufacturing.For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.