Warehouse Storekeeper Interview Questions and Answers

FIFO stands for First In, First Out. It is a method of inventory management where the oldest stock is used or sold first.

• FIFO ensures that the oldest items in inventory are used or sold first

• Helps prevent spoilage or obsolescence of goods

• Commonly used in industries like food, pharmaceuticals, and manufacturing

• Example: If a warehouse has 100 units of a product with FIFO, the first 50 units received will be used/sold before the next 50 units