{"@context":"https://schema.org","@type":"DefinedTerm","name":"LIFO (Last in, First out)","description":"A warehouse operative picks the newest pallet from a block stack while older stock sits behind it – that is LIFO (Last In, First Out) in practice: the most recently stored goods leave the warehouse first. Physically, LIFO suits bulk materials, homogeneous stacked goods, or items where age is irrelevant, such as gravel, steel sections, or standard packaging. For perishables or date-coded products, LIFO is unsuitable; FIFO (First In, First Out) is the required approach there. On the accounting sid","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/lifo-last-in-first-out","inLanguage":"en","dateModified":"2026-06-26T07:19:30.878257","citation":"https://en.wikipedia.org/wiki/LIFO","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/lifo-last-in-first-out","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"LIFO (Last in, First out) · A warehouse operative picks the newest pallet from a block stack while older stock sits behind it – that is LIFO (Last In, First Out) in practice: the most recently stored goods leave the warehouse first. · Quelle: https://en.wikipedia.org/wiki/LIFO"}