How to start a batch number system?

Hi folks, I have a product that requires FIFO. Hence, I would like to setup a batch system for this product. In SAP, how am I able to do that? What are the steps needed to set up this batch system? Or is there any other way that can better track my item according to their batch?(as this product strictly requires FIFO method)
Thank you.

Hello kenshinn ,
Batch managment you should select batch option in Item Master (General Tab) for finished product.
SAP Setting for Batch Management:-
Inventory>Item Master>(Serial and Batch Numbers>Manage Item by in general Tab)
Select Manage Item By Batch
Select Management Method On Every Transaction
After this setting whenever user receive finished product form Production then it will ask for in which Batch you want to store the product.
And whenever you will sold the materials then SAP further ask for in which batch you want sold finidhed product.
Thanks
Manvendra Singh Niranjan

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