The Inventory Blueprint: Maximizing Profit with FIFO and Bin Lot Control (eBook, ePUB)
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Bin lot management is a structured approach to inventory that ensures every item has a specific, trackable location from its arrival until shipment, preventing costly misplacement. The First-In, First-Out (FIFO) method is a key strategy within this system, prioritizing the use of older inventory to reduce spoilage and obsolescence.
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