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Last In, First Out (LIFO)

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Last In, First Out (LIFO) - definition(s)

LIFO - Last In, First Out. A method of inventory rotation to ensure that the newest inventory (last in) is used first (first out).

[Category=Data Quality ]

Source: iSixSigma, 01 February 2011 10:26:00, https:web.archive.org/web/20111109014246/http:www.isixsigma.com/index.php?option=com_glossary External 

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