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