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Chap 13 Vocab

Closed Formulary limited list of approved medications
Formulary 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 any pharmacy to use any prescribed medication
Therapeutic equivalent pharmaceutical equivalents that produce to same effects in patients
Perpetual inventory a system that maintains a continuous record of every item
Point of Sale (POS) system a system that maintains a continuous record of every item in inventory so that is always shows the current 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 drugs
Automated dispensing machine a device that dispenses medications at point-of-use with conformed order from a centralized computer system
Material Safety Data Sheets (MSDS) OSHA required notices on hazardous substances that provide hazard, handling, cleanup, and first aid information
Purchase order number the number assigned to each order for information
Unit-dose Packaging a package containing a single dose of a medication
Created by: awierman20
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