Ch. 13 - Inventory Management
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| closed formulary | a limited list of approved medication
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| open formulary | a system that allows a pharmacy to use any Rx medication
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| formulary | a list of medications approved for use
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| inventory | a list of goods or items a business uses in its normal operations.
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| therapeutic equivalent | pharmaceutical equivalents that produce the same effects in patient.
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| 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
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| point of sale (POS) system | an inventory system in which the item is deducted from inventory as it is sold or dispensed.
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| reorder points | minimum and maximum stock levels that determine when a reorder is placed and for how much
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| turnover | the rate at which inventory is used, generally expressed in number of days.
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| 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.
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| database | a collection of information structured so that specific information within it can easily be retrieved and used
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| Material Safety Data Sheets (MSDS) | OSHA required notices on hazardous substances that provide hazard, handling, clean-up, and first aid information.
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| purchase order number | the number assigned to each order for identification.
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| unit-dose packaging | a package containing a single dose of a medication.
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