● Follow 𝗙𝗜𝗙𝗢 rule. (𝗙𝗶𝗿𝘀𝘁 𝗜𝗻, 𝗙𝗶𝗿𝘀𝘁 𝗢𝘂𝘁). ● It is a system for storing & rotating food. ● In FIFO, the food that has been in storage the longest (𝗳𝗶𝗿𝘀𝘁 𝗶𝗻) should be the next food used (𝗳𝗶𝗿𝘀𝘁 𝗼𝘂𝘁). ● This rotation prevents pathogen growth, keeping food fresher. 👉 𝗛𝗼𝘄 𝗱𝗼 𝘄𝗲 𝗮𝗽𝗽𝗹𝘆 𝗶𝘁 ⁉️ ✅️ 𝗙𝗼𝗹𝗹𝗼𝘄 𝘂𝘀𝗲-𝗯𝘆 𝗱𝗮𝘁𝗲𝘀 ➡ Mark all food in refrigerators, freezers, and storage with a use-by date. ✅️ 𝗦𝘁𝗼𝗿𝗲 𝘁𝗵𝗲 𝘀𝗮𝗺𝗲 𝗳𝗼𝗼𝗱 𝘁𝗼𝗴𝗲𝘁𝗵𝗲𝗿 ➡ Keep packages of the same food in one area. ➡ This organization makes finding food easier & reduces the time to stock items. ✅️ 𝗔𝗿𝗿𝗮𝗻𝗴𝗲 𝗼𝗹𝗱𝗲𝗿 𝗳𝗼𝗼𝗱 𝗶𝗻 𝗳𝗿𝗼𝗻𝘁 ➡ Newer food should be put behind older food.

A comprehensive ERP implementation with robust inventory management and sales automation can help in optimizing inventory. The inventory management will help in end-to-end visibility to stock and facilitate FIFO based utilization. The sales automation will bring in data insights for better demand forecast as well as design campaigns/ promotions accordingly.

Managing excess inventory requires a proactive approach. Start by analyzing your inventory data to identify slow-moving items, then adjust ordering patterns to prevent overstocking. Consider offering specials or promotions on items nearing expiration to quickly reduce stock levels. Improving your inventory forecasting based on seasonal trends and historical sales can also help align supply with demand. Collaborating with suppliers to adjust order quantities or establish a return policy for overstocked items can further streamline inventory management and reduce waste.

Managing excess inventory isn't just an operational imperative - it's a strategic differentiator. Companies that demonstrate the agility to rapidly identify and reduce surplus stock protect their bottom lines and free up crucial working capital to invest in innovation, marketing, and other growth initiatives. It's a virtuous cycle that separates the industry leaders from the also-rans.