FIFO (First In First Out)
[FEE-foh / fɪrst ɪn fɜrst aʊt]
noun
PEPS (Primeiro a Entrar, Primeiro a Sair)
1. A method of organizing and managing inventory or data where the first item added is the first one to be removed or processed
The warehouse uses FIFO inventory management to ensure products are sold in the order they were received.
O armazém utiliza gerenciamento de estoque PEPS para garantir que os produtos sejam vendidos na ordem em que foram recebidos.
2. In computing, a data structure where elements are processed in the same order they were added, like a queue
The printer queue operates on a FIFO basis, processing documents in the order they were submitted.
A fila de impressão funciona em base PEPS, processando documentos na ordem em que foram enviados.
3. In accounting, a method of valuing inventory cost where the oldest inventory costs are matched against revenues first
Under FIFO accounting, the cost of goods sold is calculated using the price of the earliest purchased items.
Sob contabilidade PEPS, o custo dos produtos vendidos é calculado usando o preço dos itens comprados mais cedo.
FIFO is a fundamental principle in supply chain management, inventory control, and computer science globally. In Brazil and Portugal, PEPS is the standard Portuguese acronym taught in business schools and used in corporate environments, though FIFO is widely recognized in IT and international business contexts. The concept is essential for efficient warehouse operations and fair distribution practices.
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