Register now or log in to join your professional community.
it must be FIFO which means first in first out.
It has to be LIFO in this case. However, lower shelf life products must be monitored separately than other product categories so that, it can be used before its shelf life gets over.....
"FIFO - first in, first out" of course. When we talk about short shelf life goods the ones that came first should be used first.
In fresh product case like Milk, Vegetable etc all items which have short expiry period you will follow "FIFO"
For storage and issue of goods, FIFO is best in case of perishable goods besides it also simplifies the costing of sales.
The method used in this case is to issue the items with the closer expiry dates first. Stock management systems can control that and assist store keeprs in implementing it effectively.
FIFO no doubt
FIFO
ITS DEFINATELY FIFO , BEACUSE FRESH PRODUCTS LIKE FOOD ITEMS HAVING ONLY FEW DAYS EXPIRY SO WO HAVE TO DEILEVER THE GOODS WHOSE COMES FIRST..............
It is "FIFO" method as there would not be older stock remaining.
LIFO
