Learn FIFO & LIFO Inventory Management Concept in Hindi:Inventory & Store Management Series Video-01

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Learn FIFO & LIFO Inventory Management Concept in Hindi | Inventory & Store Management Series Video-01
This is the first video of Inventory & Store Management Series, In this video Concepts of FIFO & LIFO explained with details.
FIFO & LIFO are the terms which used very often in inventory and store management.
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INVENTORY & STORE SERIES VIDEOS LIST ;
1. Learn FIFO & LIFO Inventory Management Concept in Hindi : • Learn FIFO & LIFO Inve...
2. What is INVENTORY | TYPES OF INVENTORY in Hindi : • What is INVENTORY | TY...
3. MATERIAL BIN CARD क्या है ? BIN CARD किस काम आता है ? बिन कार्ड कैसे भरे : • MATERIAL BIN CARD क्या...
4. स्टोर में PHYSICAL STOCK कैसे करे | How to Do Physical Stock Taking : • How to Do Physical Sto...
5. 3C Concept in Warehouse/Store Management | वेयरहाउस/स्टोर का 3C कांसेप्ट क्या है? : • 3C Concept in Warehous...
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For more details and other videos check Following:
MyKZbinChannel: / @aytindia
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About Myself: Shakir Mohd (B.TECH)
• I am a B.Tech in Mechanical Engineering
• I have total working Experience of Around 7 Years in Training, Execution and Implementations of Various Lean Tools and Techniques (such as VSM, KAIZEN, TPM, 5S, Visual Management, Poka-yoke, SMED etc.) in approx. 100 Units.
• I have a wide exposure for Implementation of Lean Manufacturing Tools & Techniques to different industries like Automobile, Engineering, Food Industries, Leather Handicrafts, Leather Garments, Garments, Printing, Packaging, Shoes Industries, Plastic Injection Moulding, Aluminum Die Casting, CNC Machining, Conventional Machining, Tool Room, Press Shop, Fan Industry, Bicycle Industry, Fabrication & Sheet Metal etc. for improving their Productivity, Reducing Manufacturing cost & Rejection, 5S Levels, Employees Trainings with proper resource utilization and Implementation of various Kaizens (Improvements).
Key Skills:
• Value Stream Mapping (VSM), TIMWOOD (Seven Wastages), PQCDSME (Seven Benefits) Productivity Improvement, Time & Motion Study,
• TPM (Total Productive Maintenance), FUGAI Tags, 8 Pillars of TPM , Elimination of Six Big Losses (SSSMCB) through TPM
• 5S, KAIZEN, 7 QC Tools, VA/NVA Activities, Root cause analysis, SMED, Safety Improvements, Visual Management, etc.
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SOME OF MY ONSITE PROJECTs OF TRAINING & CONSULTANCY, COMPLETED/ UNDER-PROCESS ARE:
Ultratech Cement (4 Plants)- Truck Turn Around Time (TAT) Prject
Combit Shoes, Bahadurgarh (HR)- Plant Layout Setup Project
Printsmith (Infinity Advertising Pvt. Ltd.),Faridabad
MSME- Faridabad Engineering Cluster No.1 (9 Units)- LMCS Cluster
MSME- Faridabad Engineering Cluster No.2 (6 Units)- LMCS Cluster
MSME- Faridabad Engineering Cluster No.4 (7 Units)- LMCS Cluster
MSME- Yamuna Nagar Engineering & Fabrication Cluster (9 Units)- LMCS Cluster
MSME- Ludhiana Cycle Parts Cluster No.2 (7 Units)- LMCS Cluster
MSME- Manesar, Leather Handicraft Cluster No.1 (7 Units)- LMCS Cluster
MSME- Bahadurgarh Footwear Cluster (6 Units)- LMCS Cluster
MSME- GZB Food Cluster (9 Units)- LMCS Cluster
Raga Engineers- Core Pins Productivity Improvement Project, Faridabad (HR)
Raga Engineers- Crack Toyota Project, Faridabad (HR)
Technomech Industries, Faridabad (HR)
Woodpecker Systems, Faridabad
Falcon Vacuum Pumps, Faridabad
Welcome Footwear, Bahadurgarh
RKP Packers, Delhi
Presto Stantest Pvt., Faridabad
United Cores Private Limited, Faridabad
PMT Engineers, Faridabad
UD food Products Pvt. Ltd., Ghaziabad
GK Industries, Faridabad
Durga Engineering Works, Faridabad

[@aytindia]

AYT India Academy Training App has been launched, Download Link (AYT इंडिया अकैडमी एप्प अभी डाउनलोड करे) clphaward.page.link/VToQ I phone users Use Org Code : BZXQJ AYT Online Training Website : learn.aytindia.com

[@rajkumaradhikari8050]

Aapko Salam karta hu itna badiya Tarika samjhaane ke liye

[@Tree7838]

Aapke store management ki series dheki 2 videos dono hi aache se clearly hi gaye ... Thanks sir

[@chetanpangam4007]

LIFO system is used while reducing manpower. We don't want our experienced employees to move first... So we do Last in First Out 😊

[@Pharmacist0900]

😂

[@nirojpradhan15]

Really nice sir love you from Odisha ❤️

[@anilbhardwaj241]

Nice explain

[@aytindia]

Thanks for liking

[@pradhan2001]

Thank you sir mein aise he example dhoond raha tha jo aapne dya once more thank you sir

[@aytindia]

Thanks and keep watching

[@souravjain822]

Nicely Explained

[@radhajha1534]

Best hai 👌

[@ratneshinvesterup70]

Excellent 👌 sir maja aa gaya

[@aytindia]

Thanks,, Keep Watching and Sharing

[@Penduproduction50]

Great work thanks love 💕 from Punjab Pakistan

[@aytindia]

Glad it was helpful! Keep Watching and Sharing

[@durgadasbanerjee1543]

Sir ABC analysis bhi thoda short me Samjha dijie to help hoga

[@AllInOneMD25]

Sir jo milk ka aap example bol rahe ho usme apne bola ki latest wala do to wo lifo huwa na. kohi bhi lifo se hi milk kharedi karna chahega na ki fifo se(as per customer point of view se dekha jaye to)

[@aytindia]

Good observation.. 👍

[@prodipbarman6920]

Sir, LIFO method pe physical stock movement karne se toh stock ka rejection zyada hoga, ish me nuksan to co. ka hoga....

[@AslamKhan-zo6te]

Man gye guru

[@ohrisoccbasheerbagh1129]

Sir main ek hotel main store keeper ka kaam karta hu. To mera ek sawal hai app se Kya beards Shaving karna Jarori hota ha kya store keeper main. Plz reply sir

[@aytindia]

depends on company rules

[@babitakumari3036]

Sbse jyda acha direct study pe ayae👍👍

[@anilbhandari2940]

Tarike badiya hai sir smjhane kaa👌🙏

[@aytindia]

Thank You !

[@sanskarjangam2601]

Thank you sir🙏🙏 You explained each and every point very easily.

[@aytindia]

Thank you !!! Keep Watching and sharing

[@teachnicaldeeapk1816]

Great 👍

[@aksh9554]

Thank you so much sir and very amazing talent sir

[@aytindia]

Thanks keep watching and sharing

[@pradeeppal2649]

(Receipt, inspection & preservation of stores Storage & precautions of stores including fire protection/fighting Stock verification of stores Packaging & preparation for dispatch of stores) PLEASE SIR IS STORE KEEPER KE QUESTION PAR VIDEO BANA DIJIYE🙏🙏🙏🙏🙏

[@ankitgond760]

Pdf hai ap ke pass

[@Thakur01237]

Material management ke notes ya book h apke pass sir please

[@nikitajondhale3962]

Thank you sir I anderstand the concept

[@aytindia]

Thanks keep watching.

[@r.sbaghel4352]

Sir aap jo bolte ho usse hi samajh me aata hai, screen par lika hua aa rha hai isse dikhta nhi digram Thanks

[@aytindia]

Ok.. aap subtitles band kar sakte ho.. upar option aata h..

[@lalbabusah1972]

Sir best example diye h

[@aytindia]

Glad you liked it !! Keep Watching and Sharing

[@YadaVivek07]

❤❤

[@nishuduhan3901]

Sir industrial me mig welding ki consumpation calculation calculate krna or uski performance kase nikale us per b video banao...

[@Sanatan_dharm_2303]

Thankyou so much sir ❤❤❤❤

[@aytindia]

keep watching

[@rakeshbawane5392]

Sir FMEA ke bare mein video banaye please

[@aytindia]

Isme time lagega.. abhi

[@swagatikamishra9312]

Thank you sir ji

[@devendrasinhmahida4089]

Easy explain 🙏

[@aytindia]

Keep watching

[@cbs816]

Abc analysis pe video bnao

[@Error_174]

Fixed deposit ke liye kon sa method best hai first in first out ya last in last out.. Please batayen.. 🙏🙏

[@aytindia]

main samjha nhi

[@princebijalwan]

Great work sir.

[@Sunilkumar777-77]

Super vedio and thank you for provid this type vedio u r grate sir

[@aytindia]

Thanks.. and Keep Sharing

[@vikasv2023]

UV

[@rajeevkumar-ld8on]

Very helpful video

[@aytindia]

Glad you liked it !! Keep Watching and Sharing

[@GatikBusiness]

Sir Muje SAP ye store ka kaam karna hai. but muje opportunity mili nahi hai but Jo main cheez store me hoti hai kya wo sab aap sikha sakte ho jo mera interview accha jaye.

[@dharmendrayadav-bw2gp]

Orcal erp ke bare me video banaiye

[@lalbabusah1972]

Thanks 🙏🙏

[@aytindia]

Glad you liked it !! Keep Watching and Sharing

[@rxlaxman805]

Great sir

[@aytindia]

Keep Watching

[@Roadie007]

ESE WALO AJAOOO... 😁😁😁

[@theltpian]

Well explained

[@anjankumarpal7436]

Thanks sir

[@manthan9758]

Sir ppc Dept ke liye bhi kuch important topics btaiye

[@aytindia]

already banaya hua h... pl check videos

[@dashrathlal8960]

Thankyou for your advise

[@aytindia]

keep watching and sharing

[@subratapaul2690]

thanks for the explanation it was really helpful...

[@aytindia]

Glad it was helpful!

[@FirozKhan-xi9sj]

Excellent.. explained

[@waseemahmad3597]

Very well explained

[@siddhisawant59]

Thank you so much sir 🙏

[@aytindia]

Most welcome

[@1990shashilalit]

Super 👌

[@Ajeetjaiswal1997]

Sir अपने जो वेबसाइट दिया है उसमे से मुझे स्टोर सुपरवाइजर का कोर्स करना है कृपया उसके बारे में कुछ बता सकते है की ऑनलाइनक्लास होगा की रिकॉर्ड किया वीडियो मिलेगा

[@aytindia]

ऑनलाइन

[@DilipKumar-lo6wt]

FIFO, LIFO का use मूल्य निर्धारण में कौन-कौन से time use kiya जाता है?

[@vvmangela]

Nice explain 👍

[@236kaushallapani7]

Sir aapne jo milk 🥛 ka example diya usme to lifo use hua na?

[@aytindia]

kaise ??

[@236kaushallapani7]

@@aytindia latest milk stock first out hoga

[@ibararali9077]

NYc sir

[@aytindia]

Thanks, keep sharing

[@annu2.0dance]

Thank u so much sir

[@yogeshsokhal2346]

Sir ABC and age analysis par bhi video banaiye.sir aapki sab video behut helpful hai.thank u very much

[@aytindia]

Ok

[@ranjeetkumar-ey4of]

Thankyou

[@sarveshgiri3876]

Dear Sir, LIFO Systems kyu kiya jata aur iske advantage kya h, mujse eak interview mai pucha gaya tha.

[@deepbrightmusic199]

Ans mila toh toh mujhe bhi batya jaye

[@shiv2fun]

Vary vary thank you sir ❤

[@aytindia]

Thanks for liking !! Keep Watching, & sharing

[@1990shashilalit]

Sir TOC ke upar Vedio banayega.

[@aytindia]

Jald hi

[@shubhsahuji6229]

Store keeper & Store keeper technical me kya different hota hai sir ? Must reply. 🙏

[@lalbahadur4423]

Very nice sir

[@adityakumarsharma5166]

Sir one question what about the item which have expiry Date . How can we follow FIFO for these item?

[@aytindia]

Uske liye aapko date of expiry ke hissab se data maintain karna padega as per FIFO

[@mustafaali616]

very nice

[@aytindia]

Thanks

[@atulsharma8651]

Super

[@aytindia]

Thanks,,, Keep Watching and Sharing

[@Hahahaclip]

Amazing sir

[@aytindia]

Keep watching

[@waseemahmad3777]

Nice video

[@MandeepSingh-pz1xi]

RM, PM & FG warehouse me 5s process me video bnao Sir

[@aytindia]

5S ka video banaya hua h.. pl check...

[@sitaramverma4939]

LEAP-O के बारे में बताओ ना सर

[@vijaymohite3785]

Sir, Production yield (Press shop ) kaise nikalte hai..

[@financialreelvideos4707]

Great

[@shaligmaheshwari]

Have you a software/Sheet for stock trading in Google sheet ?

[@aytindia]

no

[@rksofm]

Really superb teaching techniques.. Doubt cleared after seen the videos

[@aytindia]

Thanks,, keep watching and sharing

[@uzairmahmoodjarral2374]

Kindly Also tell the advantages of LIFO with Physical Example on industrial base

[@aytindia]

Ok.. will try to cover in upcoming videos

[@tiunderdog862]

Petrol pump me LIFO use hota h generally.

[@ganeshsonawane2701]

Itr pe vdo banaye sir

[@aytindia]

ok

[@mangeshmorkande8614]

👍👍👍 Good sir

[@aytindia]

Keep watching

[@pallavina4968]

Sir please warehouse par video share kijiye or logistic par bhi

[@basundharasingh8046]

Thnkew

[@aytindia]

Most Welcome ! Keep Watching and Sharing

[@manityagi5828]

What are your charges for on-site training

[@aytindia]

Currently On site Training Available for Industries only/- Are you asking for the same ?? or for individual ??

[@azadkumar7811]

Sir LIFO KI ZRUT Kha per padte hai.

[@jafaruddinahmad5537]

Sir koi course hai Store management

[@aytindia]

ABHI KOI NHI HAI.. BUT PLANNING IN FUTURE

[@shashishankar9013]

Nice

[@tiunderdog862]

FIFO Train k example me kese fit bethega , ap train me pehle chale to jaoge but jo banda pehle gya h or wo last me niklega wo kese FIFO me ayega?

[@aytindia]

aap please video dobara sahi se suno..

[@NIRMALMAHATO-r8k]

& what about benefits of LIFO?

[@aytindia]

no benefit

[@NIRMALMAHATO-r8k]

@@aytindia LIFO benefits include lower taxes during inflation by matching higher recent costs with revenues, improved cash flow due to reduced taxable income, better matching of current costs with revenues for accurate financial statements, and a realistic view of inventory costs in inflationary environments.

[@ajayswami4680]

Sir what is benefit of LIFO.. plz explain..

[@aytindia]

No benefits. We should only use FIFO

[@yashpaulkhetrapal2087]

@@aytindia LIFO is an accounting practice and is not a system of inventory management. LIFO is used for knowing the value of available stocks, for taxation purposes. It is allowed only in USA.

[@irshadullah4642]

Asaan alfazo main bataya

[@aytindia]

Thanks for liking !! Keep Watching

[@kamalgautam3665]

Advantages to Lifo to bataya nahi apne, also in what situation one is used..plz discuss that as well

[@aytindia]

Practically koi advantage nhi h.. LIFO ke

[@dalbirkumar6102]

Lifo system kha use hota hai sir

[@aytindia]

majboori me use karna padta h maximum.. due to space contraints...

[@ronakparmar7279]

good content!

[@aytindia]

Glad you think so!

[@nirajs3508]

Sir FIFO and lifo me different ky hai

[@aytindia]

video ko acche se dekhen,

[@varungamer7601]

Sir I want store keeper book for exam

[@AnujKumar-rp1sl]

Sir store keeper ke exam ki tayari ke liye book nhi mil rhi Help me sir

[@aytindia]

Aisi koi book nhi aati. Aap meri inventory series playlist dekh sakte ho aur KZbin se search kar sakte ho store related videos

[@2488241]

books ma kya effect hota ha LIFO, FIFO sa its missing in video.

[@aytindia]

You can google it

[@RAJNEESHKUMAR-mr1kl]

Hello sir

[@Ragini_Momos.Mocktail]

Bhai aapke video Mai Jo bech Mai aap name add karke dalte hona Hindi Mai to uska size kam karo q ki aapke screen ka kuch pic or example dikhai nhi deta hai so please 🙏

[@aytindia]

Ye subtitles [CC] h.. automatic aate h.. upar [CC] dikh raha hoga uspar click karke off kar skate ho wahan se...

[@harishsingh4978]

Bhai logo ka use to batao

[@jonysain3646]

Sir Lifo pr aap confuse h sayd

[@jayantaghosh2573]

Lifo ka example?

[@Thakur01237]

Store keeper ka exam h sir 70 marks exam aayega help