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What Is LIFO?

LIFO (Last In, First Out) is the inventory rotation method where most recently received products ship first, common in non-perishable bulk storage. United States Pallets supplies new, recycled, custom, and ISPM-15 heat-treated pallets to commercial buyers in all 50 states, with a 50-pallet minimum order and a written quote target of under 2 business hours.

Resource: Encyclopedia
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LIFO (Last In, First Out) is the inventory rotation method where most recently received products ship first, common in non-perishable bulk storage.

New pallets in bulk warehouse stock yard

Definition

LIFO (Last In, First Out) is the inventory rotation method where most recently received products ship first, common in non-perishable bulk storage.

Detailed Explanation

LIFO applications: bulk commodities, raw materials, non-perishable goods. Drive-in and push-back racks support LIFO operations. Less common for branded retail goods.

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