Designing Buildings: Created page with "[https://www.cips.org/knowledge/glossary-of-terms/ The Chartered Institute of Procurement & Supply (CIPS) Glossary of procurement terms], defines last in-first out (LIFO) as ..."

2021-03-17T10:25:46Z

Created page with "[https://www.cips.org/knowledge/glossary-of-terms/ The Chartered Institute of Procurement & Supply (CIPS) Glossary of procurement terms], defines last in-first out (LIFO) as ..."

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[https://www.cips.org/knowledge/glossary-of-terms/ The Chartered Institute of Procurement & Supply (CIPS) Glossary of procurement terms], defines last in-first out (LIFO) as a technique in which: ‘Items purchased last are sold first. As these items are likely to be higher in value, the remaining inventory has a lower value.’

The phrase can also be used to refer to personnel, in a situation where the most recently employed are the first to be let go in the event of downsizing.

= Related articles on Designing Buildings Wiki =

* Cost.
* Lean.
* Logistics.
* Procurement.
* Report.
* Service provider.
* Subcontractor.
* Supplier.
* Supply chain management.
* Supply chain.
* Tender process.
* Value.

[[Category:DCN_Definition]] [[Category:Definitions]] [[Category:Disambiguation]]

Last in-first out - Revision history

Designing Buildings: Created page with "[https://www.cips.org/knowledge/glossary-of-terms/ The Chartered Institute of Procurement & Supply (CIPS) Glossary of procurement terms], defines last in-first out (LIFO) as ..."