Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Chapter 13
Inventory Management
| Term | Definition |
|---|---|
| INVENTORY | listing of the goods or items that a business will use in its normal operations |
| INVENTORY MANAGEMENT | an integral part of the technician's job responsibility |
| PURCHASING/INVENTORY TECHNICIAN | responsible for obtaining and maintaining the institution's medication and device supply |
| 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 |
| THERAPEUTIC EQUIVALENT | pharmaceutical equivalents that products the safe effects in patients |
| CLOSED FORMULARIES | are generally used as a cost savings tool in which less expensive substitutes are stocked. |
| GROUP PURCHASING ORGANIZATION (GPO) | a large purchasing groups that negotiate contracts to buy in bulk at a discount |
| WHOLESALERS | more than three-quarters of pharmaceutical manufacturers sales are directly to drug _________. |
| WHOLESALERS | are government licensed and regulated, simplifies the drug purchasing process,saving time,effort and money |
| MANUFACTURER | when drugs are not available from wholesalers , they can be obtained directly from _______________ |
| DEA | regulates the distribution, storage, record keeping and ordering requirements for controlled substances |
| 340 B DRUG PRICING PROGRAM | resulted form the Veterans Health Care Act and limits the cost of covered outpatient drugs to safety-net providers such as federal grantees, federally qualified health center look alikes and qualified hospitals. this program save these providers 2-50% on |
| PHARMACEUTICAL INVENTORY SYSTEMS | tracks inventory,forecasts needs and generates reorders to maintain adequate inventory |
| TO HAVE THE RIGHT AMOUNT OF STOCK AT THE RIGHT PRICE AVAILABLE AT ALL TIMES | goal of good inventory system |
| PERPETUAL INVENTORY SYSTEM | in order to maintain an adequate supply of medications pharmacies use _______________ |
| PERPETUAL INVENTORY SYSTEM | maintains a continuous record of every item in inventory so that it always shows stock on hand, a requirement for Schedule II substance but also important for many medications |
| INVENTORY SPOILAGE | time or storage conditions may cause the chemical compounds in medications to break down resulting either lost potency or changed function |
| MANUFACTURER | some cases, wholesalers will not accept expired drugs but the drug __________will. |
| SAFE WATER DRINKING ACT | a federal legislation requires safe disposal of medications |
| STERICYLCE | a company that assist with complying with OSHA, EPA, and DOT regulations for disposing of nonreturnable medicatios |
| TURNOVER | number of days it takes to use the complete stock of an item |
| 20%. 80% | a general rule is that _______ of the stock will account for _______ of the orders of prescriptions |
| 1-2 WEEK SUPPLY, MONTH SUPPLY | to keep inventory dollars low, pharmacies keep a _______ of fast moving drugs and a ___________of slower drugs |
| POINT OF SALE SYSTEM | pharmacy operations generally use which deducts items from inventory as they are sold or dispensed, transaction is often by scanning a bar code |
| PORTABLE HAND-HELD DEVICE | are widely used to enter ordering data |
| DRUG REORDER POINTS | in order to maintain adequate inventory for their needs,community and institutional pharmacies maintain computer databases of their inventor using ___________ |
| COMPUTERIZED INVENTORY SYSTEM | provide a continuous picture of the inventory situation through automated reports that allow users to analyze and monitor their inventory in variety of ways.automatically update stock amounts,track turnover, produce purchase orders based on reorder points |
| PERPETUAL INVENTORY | a system that maintain a continuous record of every item in inventory so that it always shows the current amount of stock on hand. |
| POINT OF SALE (pos) system | an inventory system in which the item is deducted from inventory as it is sold or dispensed |
| 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 exposed expressed in number of days |
| COMPUTERIZED INVENTORY SYSTEMS | automatically adjust inventory and generate orders based on maintaining set inventory levels |
| PASSWORDS | to protect against possible abuses, users are given ___________ to access different features of the system |
| MANUAL CHECKING | is an important step in ensuring that records are correct |
| AUTOMATED DISPENSING MACHINE | a device that dispenses medications at point of use upon confirmation of an order that has been communicated from a centralized computer system |
| DATABASE | a collection of information structured so that specific information within it can easily be retrieved and used |
| PARATA MAX | a retail automated counted system,unique bar coded cells and hold different drugs. |
| PYXIS MED/SUPPLY STATION | is like an ATM for medications used in hospitals. |
| AUTOMATED DISPENSING MACHINE (ADM) | a network of storage stations are located throughout a facility and are connected to Pyxis server, which in turn links to hospital ADT, billing and materials management information systems. |
| ACUDOSE RX, OMNICELL, MEDSELECT FLEX | example of ADM device |
| HOMERUS | an example of centralized robotic unit dose dispensing device |
| MOBILE ROBOTS | some hospital have __________ that travel throughout a facility delivery drugs to various nursing units and departments |
| CAROUSELS | are used to efficiently store bulk or unit dose medications.use bar codes to track medications placed in the machine.system allows quick removal & returning of medications through computerized access panels |
| MATERIAL SAFETY DATA SHEETS (msds) | indicate when special shipping is required for hazardous substances such as chemotherapeutic agents. |
| REVERSE DISTRIBUTORS | specialize in returns to the manufacturer of expired and discontinued drugs. |
| NATIONAL INSTITUTE FOR OCCUPATIONAL SAFETY HEALTH (NIOSH) | publishes very detailed guidelines on how to safely and legally handle chemotherapy and other hazardous drugs. |
| MATERIAL SAFETY DATA SHEETS (MSDS) | OSHA required notices on hazardous substances that provide hazard,handling,clean up and first aid information |
| SCHEDULE I AND II DRUGS | require a special order form, DEA form 222 |
| CONTROLLED SUBSTANCE ORDERING SYSTEM (CSOS) | an electronic system, available through DEA, system allows secure electronic transmission of Schedule I-V controlled substance orders without having to send the supporting paper version of form 222 |
| PURCHASE ORDER NUMBER | the number assigned to each order for identification |
| ORIGINAL P.O. NUMBER, ITEM NUMBER, QUANTITY,REASON FOR RETURN | information required for return |
| UNIT DOSE PACKAGING | a package containing a single dose of medication, in hospitals medications are often packaged in individual doses |
| 59-86 F | most drugs are kept in a fairly constant room temperature |
| BAR CODES | used to quickly identify a product |
| CONSIGNMENT | some high cost medications are on ______ meaning the pharmacy does not pay for them until a patient purchases them. |
| RADIO FREQUENCY IDENTIFICATION (RFI) | some facilities use ______ a wireless technology that tracks movement from storage and automatically places reorders for these medications |
| 36-46F | refrigeration temperature |
| SUPPLY STATIONS OR MED STATIONS | in hospitals and other settings, medications are stocked throughout the facility in dispensing units called __________, simplify the dispensing medications to patients |
Created by:
mragay2007