FIFO in inventory management stands for ______?

انوینٹری مینجمنٹ میں ایف آئی ایف او کا مطلب کیا ہے؟

First in first out

First in last out

First in fast out

None of these

FIFO (First In, First Out) means that the oldest inventory items are sold or used first.

It is commonly used in inventory management to prevent obsolescence and spoilage, especially in perishable goods.