Learn all about Fifo inventory software on cloud

FiFo inventory software

FiFo method and FiFo implementation. Implementing a FiFo in warehouse with FiFo inventory software – First-in, first-out (FiFo) system using RTLS solutions involves utilizing wireless inventory tracking tags, and inventree inventory software to track and manage the movement and ensure that goods are packed and shipped in the order they were received. 

FIFO warehouse method dictates that the oldest inventory items, those that entered the warehouse first, are the first ones to be used, sold, or shipped out. The FiFo method ensures that older stock doesn’t become obsolete, expired, or deteriorated.  It’s vital for managing perishable goods (food, pharmaceuticals) and items with a short shelf life or that quickly become outdated (electronics, fashion).  It also has accounting implications for cost of goods sold calculations. 

Here’s a step-by-step guide:

1. Equip inventory management Fifo : Attach inventory tags to each item of inventory as it enters the warehouse. These tags will store unique identifiers for each item, enabling real-time tracking throughout the smart warehouse.

2. Install wireless mesh readers strategically: Place readers throughout the warehouse, particularly at entry points, storage areas, and picking stations. These readers will capture the inventory tags for pallet tracking to and transmit data to a central system.

3. Implement warehouse management software (WMS): Integrate the inventory data with a WMS to manage inventory levels, track item movements, and generate picking instructions. The WMS should prioritize picking items based on their FiFo status.

4. Enable pick-by-light systems: Install pick-by-light systems at picking stations. These systems will illuminate the location of the next item to be picked based on the FIFO order, guiding pickers efficiently using ePaper

5. Utilize RTLS sensors: Deploy wireless inventory tracking tags to monitor environmental conditions within the warehouse, such as temperature humidity data loggers, and light levels. This data can be used to optimize storage conditions and ensure product quality.

6. Implement real-time data analytics: Leverage real-time data from BLE beacon tags and sensors to gain insights into inventory movement, picking efficiency, and potential issues. This data can be used to continuously improve FIFO implementation processes.

7. Establish automated picking systems: Consider implementing automated picking systems if there is a budget for robotic arms or conveyor belts, to further streamline FiFo warehouse picking. Warehouse inventory management software systems can handle repetitive tasks and reduce human error.

FiFo method for warehouse inventory management

Monitor and refine the system: Continuously monitor the performance of the RTLS-enabled FiFo in the warehouse and make adjustments as needed. Use data analytics to identify areas for improvement and optimize the overall efficiency of the warehouse operations and inventory management Fifo.

Implementation of Fifo inventory software

Call us to learn about use cases for implementing FiFo in warehouse management using FiFo inventory software. RTLS in the warehouse and IoT in warehouse. IoT starter kit options are available for Wireless inventory tracking.