VEM TOOLING Sr. Executive Stores/Commercial Interview Questions and Answers

FIFO stands for First In, First Out. It is a method used to manage inventory and ensure that the oldest stock is used or sold first.

• Organize inventory based on the date of receipt

• Place newer stock behind older stock

• Rotate stock regularly to ensure older items are used first

• Label items with their receipt date for easy identification

• Train staff on the importance of following FIFO