An organisations’ Stock rotation policy determines the process for the use of stock to ensure that supplies do not remain in stock longer than their shelf life.
First In First Out (FIFO) is a stock rotation policy that ensures items are processed in order of arrival, so that oldest stock is used first to avoid stock life exceeding shelf life.
Last in First Out (LIFO) is a stock rotation policy that determines the most recently arrived item is processed first.
In retail outlets, date coded stock needs to be checked regularly and rotated. Non-dated stock should be rotated to keep packs clean and fresh looking. Placing new deliveries of all stock to the back of the shelf ensures the shelf display is always full of clean, tidy and current packs.
