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Intro of Pharm Tech

Ch. 13 - Inventory Management

TermDefinition
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.
Created by: Hip