Used Flow Rack Systems: LIFO vs. FIFO Orientations
Purchasing a used flow rack seems simple enough. You go online or make a call, describe the type of system you’re looking for, and then wait for the system to be delivered to your facility. However, what you maybe be forgetting to do when shopping for a flow rack is specify whether you’re in search of a system that is operated on a last-in-first-out (LIFO) basis or a first-in-first-out (FIFO) basis.
Certainly, there is more than simply just the goods themselves that can contribute to whether you opt for a LIFO-oriented or FIFO-oriented flow rack. How you price goods over time can also affect whether you’ll want to go LIFO or FIFO. For instance, if your prices steadily increase, a FIFO system will yield more accurate accounting figures. And on the other hand, if your prices remain stable over periods of time, a LIFO system could help to improve efficiency without fudging numbers.
Ace Industrial Equipment proudly supplies used flow rack systems, as well as other industrial shelving and racking, to businesses throughout the United States. Our team can supply you with all the industrial equipment you need, regardless of if you’re after a LIFO- or FIFO-oriented flow rack.