FOOD PACKAGING
TYPES OF FOOD PACKAGING MATERIALS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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FIFO (First In, First Out) or FEFO (First Expiry, First Out
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Whenever you need them
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Depends on how and where they are placed at the stock / in the warehouse
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Doesn’t matter how you use them
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Detailed explanation-1: -FIFO means that products stored first are to be retrieved first.
Detailed explanation-2: -While FIFO refers to dead stock at store level, FEFO helps avoid obsolete inventory at a warehouse level. A third benefit is cost reduction. By following it, you can reduce the cost of stock expiring on your shelf, plus the cost of collateral damage to the brand name.
Detailed explanation-3: -FIFO and FEFO FIFO stands for First In, First Out, this is when the stock that was first in the warehouse should be taken out first and used first. This will help ensure that the least amount of food will pass its expiration date. On the other hand, FEFO stands for First Expired, First Out.
Detailed explanation-4: -First In, First Out (FIFO) is an accounting method in which assets purchased or acquired first are disposed of first. FIFO assumes that the remaining inventory consists of items purchased last. An alternative to FIFO, LIFO is an accounting method in which assets purchased or acquired last are disposed of first.
Detailed explanation-5: -Drug storage using the FIFO (First in First Out) and FEFO (First Expired First Out) methods is a method of drug storage that has been used widely in various hospital pharmacy installations.