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
- Last In First Out
- What does last in first out mean?
Last In First Out - What does last in first out mean?
Last in, first out (LIFO) is a method used to account for inventory that records the most recently produced items as sold first.