LIFO
Inventory Management
LIFO (Last In, First Out)
Last In, First Out
Sequencing or accounting rule in which the most recently received items are considered first; rarely preferred for physical flow.
Examples
- 01In a bulk sand silo, material flows LIFO by design: new sand is added on top and taken from the top.
- 02The warehouse review checks whether LIFO flow in block stacking leaves old pallets at the back for months.
- 03Switching block storage from LIFO to flow racks makes sure the oldest cartons are used first and stops ageing damage.