What is FIFO?

Answers

First In, First Out - You sell the latest version of the product in your inventory. Opposite of this is LIFO, sell the older items first. LIFO is what I use at my bar, to sell the previously stocked item before the newly purchased item. This keep inventory rotating so items do not get old in stock.

Loyverse.town uses cookies. By continuing to browse the site you are agreeing to our cookies policy. Learn more Ok