What is FIFO?

First In, First Out

Definition

Using or selling the oldest stock first.

In depth

FIFO keeps goods fresh and valuations sane. EazyCXM’s movement ledger preserves the order of stock history.

Inventory & Ops

Related terms

More on Inventory & Ops

SKU

A unique code identifying a distinct product or variant for tracking.

Stock Ledger

A running record of every stock movement that derives current quantities.

Back Order

An order for an item that is currently out of stock, to be fulfilled later.

Cycle Count

Counting a subset of inventory regularly to keep records accurate without a full stocktake.

FIFO, made practical

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