SigmaPedia - The Free Online Lean Six Sigma Encyclopedia

English |  Español |  Français |  Português |  Deutsch |  中文


Go Back


Last In, First Out method of inventory management generally regarded as inferior to first-in, first-out (FIFO) methods. The key argument against LIFO is that older inventory could sit in a warehouse indefinitely and if a quality problem were discovered on older materials, it would be difficult to isolate the suspect lots of material.