Omni Serial and Batch numbers are referred to as Tracking Numbers. The main difference between the two is that serial numbers are unique per single stock item, whereas batch numbers apply to multiple items per stock code. The system can be configured to handle the use of only serial numbers, only batch numbers or a combination of both serial and batch numbers.
Serial numbers are typically used to track high-value items such as cell phones or pumps/engines for warranty purposes.
Batch numbers are often used in industries such as the food industry, for quality control purposes, enabling manufacturers or distributors to recall batches of products if necessary.
Each stock item can then be defined as using a tracking number. This means that any stock transaction processed against the stock item will require a serial and/or batch number to be specified.