FEFO (first expired first out)
It is a method of inventory management and stock rotation used primarily in industries dealing with perishable or time-sensitive goods, such as food, pharmaceuticals, and other products with limited shelf life.
What is FEFO?
FEFO is similar to the more commonly known FIFO (First In, First Out) method but emphasizes items that are expiring or reaching their expiration dates soon. In FEFO, the items closest to their expiration date are prioritized for use or sale, ensuring that products with shorter shelf lives are consumed or sold before those with longer shelf lives.
Why use the FEFO method?
By using the FEFO method, businesses can reduce the risk of holding expired products, minimize waste, and maintain the quality and safety of their products. This approach is essential for industries where product quality and consumer safety are paramount, as it helps ensure that customers receive fresh and safe products while minimizing financial losses due to product expiration.