FOLO
What does FOLO stand for?
First Out, Last Out
Where is FOLO commonly used?
In inventory management
What is the purpose of FOLO?
To prioritize older items
How does FOLO differ from FIFO?
FOLO prioritizes older items, FIFO does not
What type of businesses benefit from using FOLO?
Retail businesses
How does FOLO impact inventory management?
It helps in managing expiry dates
What happens to items at the back of the shelf in a FOLO system?
They are sold first
Why is FOLO considered more efficient in certain industries?
Because it prevents wastage
How can businesses implement FOLO effectively?
By training staff on the FOLO concept
What challenges can businesses face when using FOLO?
Difficulties in tracking inventory