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Last In, First Out (LIFO)

Last In, First Out (LIFO) is a stock management system in which the last products stored are removed first. It is often used in industries where products age or become obsolete quickly.

  • Inventory management: Withdrawal of the last products stored.
  • Cost management: Affects the evaluation of stock levels and costs.
  • Inventory control: Monitoring and management of stock levels.


  • Cost control: Reduces the impact of price increases on inventory valuation.
  • Inventory optimization: Helps manage inventory at risk of obsolescence.
  • Flexibility: Adapts to changing market conditions.
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