General Studies · Inventory Management
How does the FIFO (First In, First Out) method in issuing materials benefit materials management?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It prioritizes issuing materials with the highest procurement cost.
- 2It reduces obsolescence by issuing older stock first.✓
- 3It simplifies the classification of materials by type.
- 4It automates the requisition process for faster issuing.
Correct answer
It reduces obsolescence by issuing older stock first.
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