Which inventory management approach is specifically designed to reduce medication expiration waste in hospital pharmacies?

Modern medicine relies heavily on efficient inventory management systems to ensure that life-saving drugs are available when needed. In hospitals and pharmacies, sophisticated tracking methods help maintain critical supplies while minimizing waste of expensive medications with limited shelf lives. Test your knowledge about one of healthcare's most crucial behind-the-scenes systems!

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FEFO (First Expired, First Out)
LIFO (Last In, First Out)
Kanban card system
EOQ (Economic Order Quantity)