FIFO
Definition:
Literally, 'First In, First Out'. A policy for rotating STOCK to ensure that the oldest stock is always consumed first.
Cross-References:
[stock]
Links:
Figures:
© Westburn Publishers Ltd 2002, The Westburn Dictionary of Marketing edited by Michael J Baker, ISBN 978-0-946433-01-8. www.themarketingdictionary.com. Entry: [Michael J. Baker],.