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Proper inventory management is a core competency of healthcare administration. Which inventory management method is better for reducing the number of potentially expired items? Last

Proper inventory management is a core competency of healthcare administration. Which inventory management method is better for reducing the number of potentially expired items?

Last In, First Out (LIFO)

First In, First Out (FIFO)

Explain why you chose either FIFO or LIFO as the perferred inventory management method in the previous question and why.

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