What does the acronym "FIFO" stand for in food storage?

The acronym "FIFO" stands for "First In, First Out," which is a pivotal principle in food storage and inventory management. This method ensures that the items that were received or prepared first are the ones used or sold first. It is particularly important in the culinary field to minimize food waste and maintain food safety. By following the FIFO method, older stock is used before it spoils, thereby ensuring that ingredients are always as fresh as possible and reducing the risk of serving expired products. This strategy not only helps in maintaining the quality of food but also aids in cost control by optimizing inventory turnover.