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Chapter 14
Vocab Review
Term | Definition |
---|---|
closed formulary | A limited list of approved medications. |
formulary | A list of medications approved for use. |
inventory | A list of goods or items a business uses in its normal operations. |
open formulary | A system that allows a pharmacy to use any prescribed medication. |
perpetual inventory | A system that maintains a continuous record of every item in inventory so that it always shows the current amount of stock on hand. |
reorder points | Minimum and maximum stock levels that determine when a reorder is placed and for how much. |
turnover | The rate at which inventory is used, generally expressed in number of days. |
automated dispensing cabinet (ADC) | A device that dispenses medications at point-of-use upon confirmation of an order communicated from a centralized computer system. |
point-of-sale (POS) system | An inventory system in which the item is deducted from inventory as it is sold or dispensed. |
340B Drug Pricing Program | A government plan that limits the cost that safety-net providers pay for covered outpatient drug prescriptions. |
drop shipments | Lower-volume, high-cost medications shipped on an as-needed basis directly from the manufacturer and billed through the wholesaler. |
purchase order number | The number assigned to each order for identification. |
Safety Date Sheets (SDSs) | OSHA required notices on hazardous substances that provide hazard, handling, clean-up, and first aid information. |
unit dose package | A package containing a single dose of a medication. |