FIFO (First In First Out) warehousing is an inventory control method that prioritises the shipment or use of items based on the order in which they arrive, preventing obsolescence or spoilage. It is used in both warehouse management and accounting, contributing to accurate financial statements. Various industries such as food, clothing, pharmaceuticals, cosmetics and electronics can benefit from FIFO, which requires considerations such as pallet racking, automated storage systems and efficient inventory management. FEFO (First Expired, First Out) is an advanced version of FIFO that focuses on using items closest to their expiration date to reduce waste in industries that deal with perishable goods. Overall, FIFO and FEFO are valuable strategies for inventory integrity, waste reduction and financial accuracy.

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