Discussion
FIFO process in inventory control is :
Answer: C
FIFO stands for First In First Out.
In inventory control, FIFO means the stock received first is issued or used first. In a hospital store this keeps older drugs and supplies from passing their expiry dates while newer stock is used.
The other expansions are invented. 'Format In Format Out', 'Fast In Fast Out' and 'First In Fast Out' do not describe any inventory method. The opposite method to FIFO is LIFO, Last In First Out.
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