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There's no doubt that you have to follow a system with a clearly defined rule, processes and procedures, specially in distribution management . No planning is planning to fail !
Anyway LIFO can be used when you need an accurate COGS estimation and calculation, especially if there's old cheap stock. but FIFO must be used for perishable items.
If i have not follow FIFO or LIFO Product has been Expired or damage( e:g food item ,pharma Cosmetic,
needed full Security temperature maintain, Storage in safe place,
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