fifo
/ˈfaɪfoʊ/
noun
- A method of organizing and managing data or inventory where the first item added is the first to be removed or used (acronym for 'first in, first out').
- The warehouse uses FIFO to ensure older products are sold first.
- In computer science, a queue operates on the FIFO principle.
- The accountant recommended FIFO for tracking the cost of goods.
Antonyms