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{{insert page}} is a term describing the practice to process those goods first that were received last, for [[t:Generic Stock|Generic Stock]]. {{insert page}} is generally only relevant for [[t:MTS]] processes. [[t:MTO]] and [[t:ETO]] processes pick based on the order reference of the inventory ([[t:Sales Order Stock Stock|Sales Order Stock]]).

Compare to: [[t:FEFO|FEFO]], [[t:FIFO|FIFO]].
===Notes===
{{insert page}} is not a common practice in order picking. Generally, picking processes are driven by algorithms that take more complex rulesets into consideration.

In Accounting, {{insert page}} describes the practice to value inventory based on the principle that inventory acquired or produced will be sold first, which reduces income taxes in times of inflation. [[t:IFRS|IFRS]] has banned {{insert page}} as an approved accounting practice.
[[Category:Term]][[Category:Supply Chain]]
{{Object
|name=Last In, First Out
|level=0
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ORwiki: Text replacement - "Make-To-Stock" to "t:MTS"

2017-03-22T21:58:10Z

Text replacement - "Make-To-Stock" to "Make-to-Stock"

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t:LIFO - Revision history

Orwiki: 1 revision imported

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ORwiki: Text replacement - "Make-To-Stock" to "t:MTS"