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Intro of Pharm Tech
Ch. 13 - Inventory Management
| Term | Definition |
|---|---|
| closed formulary | a limited list of approved medication |
| open formulary | a system that allows a pharmacy to use any Rx medication |
| formulary | a list of medications approved for use |
| inventory | a list of goods or items a business uses in its normal operations. |
| therapeutic equivalent | pharmaceutical equivalents that produce the same effects in patient. |
| perpetual inventory | a system that maintains a continous 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 expressed in number of days. |
| 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 |
| Material Safety Data Sheets (MSDS) | OSHA required notices on hazardous substances that provide hazard, handling, clean-up, and first aid information. |
| purchase order number | the number assigned to each order for identification. |
| unit-dose packaging | a package containing a single dose of a medication. |
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