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Most appropriate method would be FIFO Pharmaceutical is one of the most sensitive industry that deals with life so Quality, security, identity are the most important factors to maintain making inventory management of the industry is a difficult job.
A pharmaceutical company handles more than 600 types of products that includes raw materials movement, packaging and secondary packaging of the finished products. Planning and scheduling in the pharmaceutical companies is a critical activity.
Though I am not experienced with Pharma industry but to my understanding a mix of inventory control and recording method should prevail in pharma depending upon the nature of material.
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