FIFO stands for First In, First Out. The product that has been on hand will be picked and sold first. This method is useful to keep product rotating in the order it was received.
When you sort by expiration (FEFO, First Expired, First Out), the product that expires soonest will be the product that is sold first. This method is useful for companies working with perishable goods to maximize inventory.
How does SkuVault use Lots?
You will have the option of assigning expiration dates to lots which will make picking as easy as possible for perishable items. By filtering lots by expiration date, you’ll be making sure your products are being picked based on what expires first.
Benefits of using SkuVault to help with expiration sorting
By utilizing FEFO you’ll be able to keep product fresh and safe for consumers and you’ll also be able to minimize shrink by moving through products in the correct order. Eliminating the opportunity of having expired product will help you stay profitable. You’ll also save on labor costs because your team will not have to perform constant inventory checks to monitor expiration dates.