FIFO, or First In First Out, is an inventory management system used by pharmacists to ensure that medications are consistently stored and dispensed in a timely manner.

This system is important in a pharmacy setting because it helps to reduce the risk of expired medications being dispensed to patients.

By utilizing Alkon Panda Bins which have multiple divider locations , pharmacists can ensure that the oldest stock is used first and that the newest stock is stored behind the existing stock with the help of dividers.

This system helps to reduce the risk of expired medications being dispensed to customers and helps to reduce the amount of time pharmacists need to spend managing inventory.

Using a FIFO system also helps to ensure that all medications are consistently stored in a safe and secure manner. By clearly labeling expiration dates, pharmacists can quickly and easily determine which medications should be used and which should be discarded if they have expired. This system also helps to reduce the amount of waste produced by the pharmacy thereby reducing losses and increasing profits making the operations highly efficient.

Using Panda bins and shelving systems is an effective way to organize and manage pharmacy inventory in a First In First Out (FIFO) system. Panda bins with dividers new stock can be quickly and easily placed behind existing stock, ensuring that the oldest stock is used first. This helps pharmacists and technicians to easily determine which medications need to be dispensed and which need to be restocked.

Panda Bins come in a variety of sizes and shapes to accommodate different types of medications and products. For example, adjustable dividers can be used to create smaller bins for individual medications, while larger bins can be used to store larger quantities of the same medication. Shelving systems are also adjustable, allowing the pharmacy to keep stock at the right height for easy access.