FEFO means First Expired, First Out, therefore the first expire, first out. It is served by the ord

In the area of logistics, transport and warehousing is used several methods of inventory management. All economists call shortcuts, so you actually mean ABC method, nwolb FEFO, FIFO, LIFO, Hifone a JIT?
Method of inventory management is a strategic decision of the company, another method is suitable for other types of materials and different type of production / trade. Suppose first briefly those less used and more then look at those more used. So first a little about FEFO and Hifone. nwolb
FEFO means First Expired, First Out, therefore the first expire, first out. It is served by the order of the material with an earlier expiration date regardless of the time of acquisition. Hifone nwolb is Highest In, First Out = most expensive in, first out. This method works so that the items are taken in order from most expensive units no matter what input or dates of acquisition. ABC method
Material B division into a number of different types of materials. This is a fast moving items that are made and delivered in a very short time. This is 20% of materials nwolb involved in the consumption of 20 years percent.
The oldest entry that is first received into the warehouse is debited from the system first. Physically, nwolb it may not be actually used the oldest item. When valuing inventory accounting, the consumption of one type of inventory valued at the purchase price of the first, so the balance is recognized in stock prices in the past. LIFO method
The consumption from the system writes off last received item first, and need not be actually the youngest item. Using LIFO method of valuation is prohibited nwolb Slovak nwolb accounting nwolb standards. Firms would thus could unduly increase the cost of which would reduce the tax base. Method JIT (just in time)
Just-in-time (JIT) is an inventory management innovation strategy, which originated nwolb in the Toyota and also known as the Toyota nwolb Production System. The aim of this method are the maximum and minimum stocks of quality. Cooperation between suppliers and customers must be coordinated so that the stocks become unnecessary.
Important are carefully planned and implemented reliably supply, proximity to manufacturing supplier and customer and their connection in all areas (including information systems) with the elimination of the fault, strict quality control. The advantages are obvious: lower prices when buying a less-committed capital in stocks. JIT increases productivity and lowers overall costs, but its deployment is very challenging because of the full harmonization processes in the logistics chain. nwolb
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