Learning the Difference Between LIFO & FIFO for Used Pallet Rack Systems
It is of utmost importance to have the right type of inventory management system when using a used pallet rack for your business. LIFO is short for last in first out, and FIFO is short for first in first out, and each describes a differing type of inventory management system. Chances are, your current system or the one you plan to implement soon will either be based on FIFO or LIFO.
If you plan to use a FIFO system, it can be beneficial to invest in a flow rack system that sends the first item stored to be the next one for you to pull from the shelf. For a LIFO system, you will probably want to purchase a traditional form of pallet rack and pull the last item that you have stored.
At Ace Industrial Equipment, we proudly provide a range of used pallet rack systems for business from coast to coast. We’ll be glad to assist you in your buying process and offer advice on what type of system would best serve your needs.