What are LIFO, FEFO, FIFO?

What are LIFO, FEFO, FIFO?

To trade goods, it is necessary to have a large stock of goods. Having a good management system, whether it's storing or picking out products to sell according to orders It will help us to work faster, more organized and see more of the overall picture of the work.

There are 3 types of our warehouse management system. And there are details of managing the system of each type as follows.

FEFO (First Expire First Out)

It is a system that helps manage products with expiration dates. Sort and sell out by expiration date. to reduce the problem of expired products left in the warehouse Caregivers must follow up and check products that are about to expire. to inform and sell out Makes it easy to check the expiration date.

For example, frozen food products to have an age date We must hurry to sell or send before the expiration date. to reduce wasted loss

FIFO (First In First Out)

It is a system that helps manage the first imported goods from the warehouse until the newly imported items. Make it easy to check stock of all products. It also maintains the quality of the product before delivering to the customers.

For example, dry food products to have an age date We must hurry to sell or send before the expiration date. To reduce wasted loss from spoilage

LIFO (Last In First Out)

It is a system that helps manage products that are imported from the warehouse, the latest items to be sold first. Suitable for products that have a temporary life of popularity Increases profits from sales Easy management system

For example, clothing, fashion products that are only temporarily popular. If we don't rush to sell it, it may cause the trend to slow down and make our products unable to sell. because people have changed to buy new clothes according to the trend

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Details of online marketing services

>> https://www.chatstickmarket.com/langran

Examples of various brands that we take care of online marketing

>>https://www.chatstickmarket.com/portfolio

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