What role do expiration dates play in the management of shelf-life items?

Expiration dates are critical in the management of shelf-life items as they clearly indicate when an item can no longer be used. This is essential for maintaining safety and efficacy in stored goods, especially in contexts such as food, pharmaceuticals, and military supplies. Expiration dates help to ensure that items are utilized while still within their safe or effective period. When an item passes its expiration date, it may no longer meet the quality standards required for safe consumption or use, thereby posing risks if utilized beyond this point. This allows for informed decision-making regarding inventory management, ensuring that older stock is cycled out or disposed of appropriately to maintain operational readiness and safety.