HIFO (Highest In – First Out)
AI-generated
In brief
HIFO (Highest In – First Out) is a warehouse retrieval principle in which the stock with the highest value of a defined criterion is removed first. The criterion – such as purchase price, quality status, or another feature – must be clearly established before application.
What is HIFO?
HIFO stands for Highest In – First Out and describes a retrieval principle in warehouse management in which the stock that exhibits the highest value of a previously defined criterion is always removed first. This may initially seem straightforward, but without defining that criterion it is not: only once it is clear what "highest"