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chap14

QuestionAnswer
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
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
reorder points minimum and maximum stock levels that determine when a reorder is placed and for how much
therapeutic equivalent pharmaceutical equivalents that produce the same effects in patients
turnover the rate at which inventory is used, generally expressed in number of days
automated dispensing cabinet ADC a device that dispenses medications at point-of-use upon confirmation of an order communicated from a centralized computer system
point-of-sale (POS) system an inventory system in which the item is deducted from inventory as it is sold or dispensed
340B Drug Pricing Program a government plan that limits the cost that safety-net providers pay for covered outpatient drug prescription
drop shipments lower-volume, high-cost medications shipped on an as-needed basis directly from the manufacturer and billed through the wholesaler
purchase order number the number assigned to each order for identification
safety data sheets SDS OSHA required notices on hazardous substances that provide hazard, handling, clean-up, and first aid information
unit dose package a package containing a single dose of a medication
Created by: laylaoxendine
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