What is FIFO as it relates to the Retail Pharmacy Industry?

by Mohammad Asim
(Moradabad )

FIFO is Related to Inventory Management

FIFO is Related to Inventory Management

What is FIFO?

Comments for What is FIFO as it relates to the Retail Pharmacy Industry?

Average Rating starstarstarstarstar

Click here to add your own comments

Rating
starstarstarstarstar
As it Relates to Pharmacy, FIFO is...
by: David

FIFO stands for First In First Out.

This is used in pharmacy; specifically in the area of inventory. First In medication and supplies need to be the First Out.

Stock must be rotated so that the first items in (and expiring soonest) must be dispensed first.

Often, this can be hard for techs to implement.

New stock goes behind current stock on the shelves.

Many times this means moving and rearranging the current inventory in order to place the new, ordered product in the back.

Managing inventory correctly is key to any successful pharmacy.

Some pharmacies manage inventory by maintaining a minimum number of each type of medication and a maximum number.

These figures help pharmacy staff to quickly see if they are within that range.

If they are--great! If not, stock needs to be ordered or returned.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Ask A Question....

Back to Home

[?]Subscribe To This Site
  • XML RSS
  • follow us in feedly
  • Add to My Yahoo!


Didn't find what you were looking for? Use the box below to search this entire site.

Custom Search


Recent Articles

  1. 250mg/5mL Dispense 200mL Sig: 5mL q.i.d

    Dec 06, 17 11:16 PM

    How do you set this up to solve to find the days supply?

    Read More

  2. Days Supply Question: Neurontin 300mg 1 tablet po every other day #15

    Nov 27, 17 11:39 PM

    Neurontin 300 mg tablets #15 1 tab po qod What is the days supply?

    Read More

  3. Days Supply Question - Take One Tablet by Mouth Every 4 Hours As Needed for Pain Not To Exceed 6 Per Day

    Nov 27, 17 11:25 PM

    Take One Tablet by Mouth Every 4 Hours As Needed for Pain Not To Exceed 6 Per Day

    Read More

  4. Pharmacy Technician Cover Letters

    Nov 18, 17 07:44 PM

    Pharmacy Technician Cover Letters - The basic format to use when writing your Cover Letter, as well as what to write to make sure your resume gets moved into the "interview" pile.

    Read More

  5. Days Supply Question - #20 pills, 1.5 tablets by mouth daily

    Nov 18, 17 06:16 PM

    If you have 20 pills and you take 1.5 a days what's the days supply

    Read More

  6. Days Supply/Quantity for Stavudine (Zerit) prescription

    Nov 18, 17 06:05 PM

    Your pharmacy stocks stavudine in bottles of 30 capsules. How many capsules would you need to dispense for a 90 day supply?

    Read More

  7. Hospital Pharmacy Technician

    Nov 18, 17 02:17 AM

    Duties and Responsibilities of the Hospital Pharmacy Technician.

    Read More

  8. The Metric System for Pharmacy Technicians

    Nov 18, 17 01:20 AM

    This page discusses how Pharmacy Technicians use the Metric System of Measurement.

    Read More

  9. What is the days supply on Advair 250/50 #1 1 puff q12h?

    Nov 04, 17 10:37 PM

    What is the days supply on advair 250/50 #1 - 1 puff q12h?

    Read More

  10. Pharmacy Root Cause Analysis

    Oct 29, 17 10:40 PM

    Pharmacy Root Cause Analysis (RCA) - What is an RCA? How can it help PharmTechs and Save Lives?

    Read More

  11. Controlled Substance Pharmacy Technician

    Oct 29, 17 10:12 PM

    Controlled Substance Pharmacy Technician - Responsibilities, Qualifications, A Day in the Life, and Work Advantages

    Read More

  12. IV Infusion Calculations Explained

    Oct 29, 17 09:54 PM

    This page explains IV Infusion Calculations you may use in your job as a Pharmacy Technician.

    Read More

  13. Days Supply Question: Norco, #35 pills, 1 tablet every 4-6 hours

    Oct 29, 17 09:41 PM

    How many days should 35 Norco last me if I was given #35 at 1 every 4-6 hours?

    Read More

  14. Improving Pharmacy Safety Culture

    Oct 27, 17 08:01 PM

    This page discusses ways of Improving Pharmacy Safety Culture - Focusing on Work Environment, Processes and Procedures, not Personnel

    Read More

  15. How much dextrose is in D10W in a 250 bag?

    Oct 15, 17 04:54 PM

    In D10W, how much dextrose is in a 250mL bag?

    Read More