Enterprise glossary and term center
Research and understand all the intricate terms and definitions that surround the ecosystem of enterprise resource planning (ERP), enterprise software and no-code tools.
- Enterprise terms
- First In First Out
- What does first in first out mean and why is it important?
First In First Out - What does first in first out mean and why is it important?
FIFO is a food storage system that is used to properly rotate stock so that older products are distributed first, and newer ones stay on the shelf. ... By using FIFO, your company can ensure streamlined inventory practices and the use of materials which will always keep integrity through the life of your product.