48 Questions
Match the terms
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
Match the terms
perpetual inventory = a system that maintains a continuous record of every item in inventory so that is 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
Match the terms
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 prescriptions drop shipments = lower-volume, high-cost medications shipped on an as-needed basis directly from the manufacturer and billed through the wholesaler
Match the terms
purchase order number = the number assigned to each order for identification Safety Data Sheets (SDSs) = OSHA required notices on hazardous substances that provide hazard, handling, clean ups, and first aid information unit dose package = a package containing a single dose of medicatino a = b
A goal of inventory management is
to ensure that drugs are available when they are needed
A list of the goods or items a business will use in its normal operation is called a (an)
inventory
In an open formulary, when a medication is ordered that is not on the formulary
the medication may be ordered without obtaining additional permission
Central fill facilities support prescription dispensing by
filling and packaging prescriptions for delivery to pharmacies
If a supplier's terms are 30 days net,
it would be best to have a turnover less than 30 day
"Fast movers" account for approximately what percent of a pharmacy's orders and prescriptions
80%
The 340B Drug Pricing Program is
a purchasing program for qualified clinics and hospitals
___________ is an inventory system in which the item is deducted from inventory as it is sold or dispensed
point of sale system
A generic term used for computerized medication dispensing machines used in hospitals is a/an
ADC
Best practices for ordering medications include
having different people place the order and check it in
When reconciling an order, if a technician detects discrepancies, the supplier should be notified
immediately
A purchase order number is
a number used to identify an order
A package that contains a single dose of a medication is called a(an)
unit dose package
In an alpha-generic organization, drugs are stored alphabetically by
generic name with corresponding trade versions placed next to the generic drug
Consignment stock is
items stocked in the pharmacy not paid until used or dispensed to a patient
The list of medications that are approved for use in a healthcare system is called a
formulary
Pharmaceutical equivalents that produce the same effects in patients are
therapeutically equivalent
__________ is an expression for the rate at which inventory is used and is generally expressed in number of days
turnover
A general rule is that ____ % of stock accounts for ____% of prescriptions
20/80
An inventory system in which the item is deducted from inventory as it is dispensed is called a
point of sale system (POS)
Pyxis Med/Supply Station is a good example of a (an)
automated dispensing cabinet
SDS are required by _____ for hazardous substances and first aid information
OSHA
When reconciling an order, controlled substances are shipped separately, and should be checked in by a (an)
staff member different from the person who placed the order
the p.o. number identifies the
purchase order
Walkers, wheel chairs. crutches, and bedpans are examples of
DME
The majority of pharmaceutical manufacturer sales are to wholesalers
True
Medications should be organized in a way so the newest items will be dispensed first
False
Reorder points are maximum and minimum inventory levels for a product
True
Computerized ordering systems do not allow manual editing
False
Point-of-sale systems adjust inventory as medications are sold or dispensed
True
With computers keeping records, printed copies are not needed
False
A closed formulary allows any medication prescribed to be purchased
False
Refrigeration means 50-59 F
False
Bar codes are used to quickly identify a product
True
Formulary medications are routinely reviewed to
review the safety of older products and evaluate newer products
A therapeutically equivalent drug is
chemically different but with similar actions and effects
Proper disposal or destruction of non-returnable medications includes
using a company that meets EPA regulations
All of the following are used to store medications except
glove boxes
SDS provides
information concerning hazardous substances
Safe handling of chemotherapy medications can be found in a publication by
NIOSH
Most drugs are kept at room temperature between
59-86 F
A bar code on a manufacturer's product
includes the product's NDC number
How would a pharmacy technician store controlled substances
in locked areas or within the regular stock
The temperature of a refrigerator in a pharmacy should generally be
36-46 F
Test your knowledge of inventory management terms by matching the terms with their corresponding definitions. This quiz covers essential concepts related to inventory management in business operations.
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