We assigned the wrong Lot number to a set of Lot Numbered Items. • How can we assign a new lot? • Will an Inventory Adjustment be the only option?

Was the lot number assigned on a receipt? If it was recent you could edit the record (i.e. item receipt) and update the lot. Otherwise an item receipt to adjust it out and then back in under the correct lot may be your best option.

You can change the name of the lot on the Inventory Number record

Thank you for sharing