For manufacturers working in the aerospace and medical industries, traceability is very important. If an aerospace company manufactures even part of an airplane that is involved in a crash, special teams are deployed to track down every piece and, then, attempt to reconstruct the parts to determine the nature and scope of the malfunctions. The inability to track your products from inventory through the supply chain can make or break your company. In the case of failures, recalls, or warnings, it is important to have a process in place to determine what went wrong.

Source: https://www.mie-solutions.com/mie-blog/quick-tips/lot-traceability