FEFO (First Expired, First Out)
An inventory management principle where products with the earliest expiry dates are picked and shipped first, regardless of when they were received.
Definition
Why It Matters
Implementation
Related Terms
FIFO (First In, First Out)
An inventory management principle ensuring that the oldest stock received into a warehouse is used or shipped before newer inventory.
Warehousing & Storage3PL (Third-Party Logistics)
An external provider that manages warehousing, transportation, and distribution services on behalf of another company.
Warehousing & Storage4PL (Fourth-Party Logistics)
An integrator that manages and coordinates an entire supply chain on behalf of a client, overseeing multiple 3PL providers and carriers.
Warehousing & StorageActive Stock
Goods positioned in forward pick locations within a warehouse, ready for immediate order fulfilment.
Warehousing & StorageBatch Picking
A warehouse picking method that groups multiple orders together, allowing a picker to collect items for several orders in a single pass through the warehouse.
Warehousing & StorageBin Location
A specific, numbered storage position within a warehouse where an item is stored, identified by aisle, rack, level, and position codes.
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