Dynamics NAV provides for very robust Serial Number and Lot Number Tracking.
When I advise clients about Serial and Lot Tracking, I say, “Only do it if you have to, as it adds additional user effort to record a transaction.” There are situations where you must use serial or lot tracking. These situations are primarily in the life science industries, where you might be producing medicines or if there is a human safety aspect to your product. Another situation is where you are subject to recalling defective products.