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Wednesday, June 10, 2020
10 a.m. Pacific
Supply chain disruptions have left many manufacturers straining to meet increased demands and rushing to move overstocked inventory. For companies pivoting to meet this change in demand, it’s important to consider the financial implications when it comes to reconciling the cost of goods sold between FIFO and LIFO, as well as the downstream implications of extending return polices or reward programs.
FIFO (“first-in, first-out”) assumes that the oldest products in a company’s inventory have been sold first and goes by those production costs. The LIFO (“last-in, first-out”) method assumes that the most recent products in a company’s inventory have been sold first and uses those costs instead.
Learn how Alteryx can help financial and supply chain analysts gain valuable insights into:
- Optimizing inventory
- Understanding the financial implications of changes in return policies and member rewards programs
- Optimizing COGS calculations between FIFO and LIFO recognition models
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