A Tip for the Day: FIFO
By David Scott Peters
Follow the FIFO principle.
FIFO is first in first out inventory management. Oldest dated product needs to be used first. So when the delivery is made, make sure the newest product is put behind the product you already have in stock.
This system insures product quality and reduces waste. Both of which affect your bottom line.
David Scott Peters is a restaurant expert, coach, trainer and speaker, specializing in systems for independent restaurant owners. He is the nationally acclaimed restaurant coach whose unique “SMART Systems” approach to boosting profits has earned him the title of, “The man who can walk into any restaurant in America and find $10,000 in undiscovered cash before he hits the back door – Guaranteed!” Visit www.TheRestaurantExpert.com for more.