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Excellent response from Eid. However, basically its FIFO, FEFO, FISH, then depends on business need.
According FIFO system by wms but in case you work manual without system you must ta care the old stock first during issuing to productions lines
The flow of right batch of material to production line can be achieved only through proper product coding. For this, the age old Japanese '5S' techniques can come in handy. First, you need to sort, then segregate, arrange, supply as required and maintain discipline (system) for the same