first in first out (Meaning)
first in first out (n)
inventory accounting in which the oldest items (those first acquired) are assumed to be the first sold
Synonyms & Antonyms of first in first out
No Synonyms and anytonyms found
first in first out Sentence Examples
- The grocery store implemented a "first in, first out" inventory system to ensure that older products were sold before newer ones.
- In a computer system, the "first in, first out" principle is often used for scheduling tasks, where the earliest task submitted is the first to be executed.
- In economics, the "first in, first out" method is used in inventory valuation, where the cost of the first items purchased is assigned to the first items sold.
- The "first in, first out" principle is also known as the FIFO method or the LIFO method, depending on the context.
- In a queueing system, the "first in, first out" principle is used to determine the order in which customers are served.
- The "first in, first out" principle is often used in manufacturing to ensure that older materials are used before newer ones.
- In project management, the "first in, first out" principle is sometimes used to prioritize tasks, where the earliest task is given the highest priority.
- The "first in, first out" principle can be applied to various aspects of life, such as organizing files on a computer or sorting laundry.
- In a warehouse, the "first in, first out" principle is used to ensure that products with earlier expiration dates are sold or used first.
- The "first in, first out" principle can help to reduce waste and improve efficiency in various systems and processes.
FAQs About the word first in first out
inventory accounting in which the oldest items (those first acquired) are assumed to be the first sold
No synonyms found.
No antonyms found.
The grocery store implemented a "first in, first out" inventory system to ensure that older products were sold before newer ones.
In a computer system, the "first in, first out" principle is often used for scheduling tasks, where the earliest task submitted is the first to be executed.
In economics, the "first in, first out" method is used in inventory valuation, where the cost of the first items purchased is assigned to the first items sold.
The "first in, first out" principle is also known as the FIFO method or the LIFO method, depending on the context.
