What is another word for lifo?

Pronunciation: [lˈiːfə͡ʊ] (IPA)

LIFO stands for Last-In-First-Out. It is a method used for inventory management in which the items that are last to be received are the first to be used or sold. Synonyms for LIFO include reverse chronological order, last come first served, and newest first out. These synonyms describe the same process of using the most recent items before the older ones in a given set of inventory. This technique can be applied in various industries, including retail, manufacturing, and agriculture, to ensure efficient use of resources. Practicing LIFO can help organizations reduce waste, manage inventory levels, and improve product turnover.

Synonyms for Lifo:

What are the hypernyms for Lifo?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Word of the Day

tiebreak
Tiebreak, synonymous with "overtime" or simply "sudden death," is a term used predominantly in sports to determine a winner in a situation where the game ends in a tie. Other relat...