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Chap 13 Vocab

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