By David Scott Peters
What’s FIFO? FIFO is first in first out inventory management. Oldest dated product needs to be used first. So when the delivery is made, make sure the newest product is put behind the product you already have in stock.
David Scott Peters is a restaurant expert, speaker, coach and trainer for independent restaurant owners. He is the developer of SMART Systems Pro, an online restaurant management software program helping the independent restaurant owner remain competitive and profitable in an industry boxed in by the big chain restaurants. He is best known as the SMART Systems guy who can walk into any restaurant and find $10,000 in undiscovered cash before he hits the back door… Guaranteed! Learn more at www.therestaurantexpert.com/rdspos.
Retail Data Systems Blog 