// ROBOTICS AND SMART FACTORIES TERM
FIFO
A method where the first items to enter a process or storage are the first ones to be used or shipped out.
TECHNICAL DEFINITION
FIFO is an inventory management and accounting principle ensuring that the oldest stock or data is consumed or processed first, critical for perishable goods, inventory valuation, and maintaining product freshness in manufacturing and logistics.
BACKGROUND
A universal asynchronous receiver-transmitter is a peripheral device for asynchronous serial communication in which the data format and transmission speeds are configurable. It sends data bits one by one, from the least to most significant, framed by start and stop bits so that precise timing is handled by the communication channel. The electric signaling levels are handled by a driver circuit external to the UART. Common signal levels are RS-232, RS-485, and raw TTL for short debugging links. Early teletypewriters used current loops.
READ MORE ON WIKIPEDIASYNONYMS & ALIASES
- First-in first-out
- LIFO (opposite)
- inventory rotation
- stock rotation
USAGE NOTE
FIFO is crucial for managing perishable goods or components with shelf lives to prevent obsolescence.
DEVELOPERS
Organizations developing technology related to FIFO.
Offers enterprise resource planning (ERP), supply chain management (SCM), and warehouse management systems (WMS) that integrate FIFO principles for inventory optimization in manufacturing.
Provides comprehensive cloud-based supply chain management (SCM) and enterprise resource planning (ERP) solutions that include advanced inventory management supporting FIFO strategies.
Develops industrial automation and digitalization solutions, including Manufacturing Execution Systems (MES) and PLM software, which manage material flow and inventory, crucial for implementing FIFO.
Specializes in automation solutions for warehouses and distribution centers, including automated storage and retrieval systems (AS/RS) and warehouse management software (WMS) designed to facilitate FIFO.
A leading provider of integrated automated supply chain technology, software, and services, including AS/RS and WMS, which are fundamental for efficient FIFO inventory rotation.
Focuses on supply chain and omnichannel commerce solutions, offering warehouse management systems (WMS) and inventory optimization tools that inherently support and enforce FIFO.
Provides AI-powered supply chain management platforms, including advanced inventory management and warehouse management solutions that help businesses implement and optimize FIFO strategies.
Offers a broad portfolio of supply chain technologies, from warehouse management software (like HighJump) to material handling equipment, all contributing to efficient FIFO implementation in logistics and manufacturing.
Specializes in automated material handling systems for warehouses, parcel, and airport baggage handling, designing systems that manage goods flow with an emphasis on principles like FIFO for optimal operations.