FIFO [AX 2012]

Updated: September 30, 2011

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

First in, First out (FIFO) is an inventory model in which the receipts that are acquired first are issued first. Issues from inventory are settled against the first receipts into inventory, based on the physical date. The physical date is the specific date when an activity, which can be an issuing activity or a receipt activity, is registered in the inventory transaction.

When you use FIFO, you can mark inventory transactions so that a specific receipt is settled against a specific issue instead of following the FIFO rule.

We recommend a periodic inventory closing when you use FIFO as your inventory model.

For more information, and for examples that use FIFO as the inventory model, see About FIFO with physical value and marking.

Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).