The consumption from the system depreciated recently received item first, and need not be actually

In logistics, transportation and warehousing is used several methods of inventory management. All economists call abbreviations, so what you actually mean ABC method, Fefo, FIFO, LIFO, and Hifone go?
Method of inventory management is a strategic decision of the company, another method is suitable for other types of materials and different type of production / trade. Let us first briefly used the less detail and then look to those more used. So first a little of about Fefo and Hifone.
Fefo means First Expired, First Out, therefore the first expire, first out. It is a tendance order from material with an earlier expiry date regardless of the time of acquisition. Hifone is Highest In, First Out = most expensive in, first out. This method works so that the items are taken in order from the most expensive units no matter of what the date of entry into or acquisition. ABC method
Material B falls into a large number of different types of materials. It is a fast moving items that are made and delivered in a very short time. Case of 20% of materials involved in the consumption of 20 years percent.
The oldest item that is first received into the warehouse is debited from the system first. Physically, it may not be actually used the oldest of item. When valuing stocks in the accounts, the consumption of one type of inventory valued at the purchase price of the first, so the balance of the stock is reported of in the last prices. LIFO method
The consumption from the system depreciated recently received item first, and need not be actually the youngest item. Using LIFO method for valuing a Slovak accounting standards prohibited. Companies would only be able to unduly increase of costs thereby reducing the tax base. Method JIT (just in time)
Just-in-time (JIT) is innovative inventory control policy, which originated in the Toyota, and also known as the Toyota Production System. The aim of this method are the maximum and minimum stocks of quality. Cooperation between the supplier and the customer of must be coordinated so that the stocks become useless.
Important to consistently and reliably scheduled the supplies, proximity of manufacture supplier and customer and their connection in all areas (including information systems) with elimination of the fault, strict quality control. The advantages are obvious: lower prices when buying and less committed capital in stocks. JIT increases productivity and lowers the overall cost, but its deployment is very challenging because of the full harmonization processes in the logistics chain. of
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