What is lot in SAP MFG-ME - SAP Manufacturing Execution?

SAP Term: lot

• Component: MFG-ME

• Component Name: SAP Manufacturing Execution

• Description: A number of like materials, a single material, or a parcel of materials treated as one and to which an identification number has been assigned.

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• Key Concepts: 
  Lot is a term used in SAP Manufacturing Execution (MFG-ME) to refer to a specific quantity of a product or material. It is used to track the production of a product or material, and can be used to identify the source of any issues that may arise during production. 
  
  How to use it: 
  In SAP MFG-ME, lots are created when a product or material is produced. The lot number is assigned to the product or material and is used to track its production. This lot number can be used to identify any issues that may arise during production, as well as to trace the source of the product or material. 
  
  Tips & Tricks: 
  When creating lots in SAP MFG-ME, it is important to ensure that the lot number is unique and easily identifiable. This will help ensure that any issues that may arise during production can be quickly identified and traced back to the source. 
  
  Related Information: 
  In addition to lots, SAP MFG-ME also uses batches and serial numbers to track the production of products and materials. Batches are used to group together multiple lots of the same product or material, while serial numbers are used to track individual items within a lot.