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Understanding FIFO: A Key to Efficient Inventory Management #industrialexcellence #leanmanufacturing
FIFO Method Explained | Industrial Excellence In this video, we’ll explore the concept of FIFO (First In, First Out), its importance in inventory management, and how it helps improve efficiency in manufacturing and retail industries. FIFO ensures the oldest stock is used first, preventing waste and maintaining product quality. Watch to learn ...
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SOLVED: A queue is an abstract data type that maintains the order in which elements were added to it, allowing the oldest elements to be removed from the front and new elements to be added to the rear. This is called a first-in-first-out (FIFO) data structure because the first element added to the queue (i.e., the one that has been waiting the longest) is always the first one to be removed.
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