BUSINESS NEEDS
The principle of FIFO (First In, First Out) is very simple: products from the first batch entered into stock are the first to be taken out.
Stock removals are therefore carried out in the same sequence as product arrivals. The next batch will only be started once the previous batch has been used up.
The FIFO method is used for Stock valuation.
(1) Calculation of theoretical PU: stock amount / stock quantity
GENERAL
Setting
The stock valuation method is determined from the Site Parameters screen.
It is only possible to change the valuation method after an inventory has been closed and before any product movement.
Note that after the changeover from PMP to FIFO, stock removals previously carried out in PMP will be processed in PMP (without distribution in FIFO).
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