Podcast
Questions and Answers
Which factor needs to be considered when choosing a supplier for a retail pharmacy?
Which factor needs to be considered when choosing a supplier for a retail pharmacy?
- Quality of the products (correct)
- Size of the products
- Color of the products
- Weight of the products
What are the objectives of purchasing for a retail pharmacy?
What are the objectives of purchasing for a retail pharmacy?
- To obtain products at any time
- To obtain products in any quantity
- To obtain the most expensive products
- To obtain products at the right time, right price, and right quality (correct)
What are the components of pharmacy purchasing and inventory management?
What are the components of pharmacy purchasing and inventory management?
- Selling, promoting, delivering, and advertising
- Designing, analyzing, implementing, and evaluating
- Manufacturing, testing, packaging, and distributing
- Ordering, receiving, storing, and reordering (correct)
How does inventory management impact pharmacy management?
How does inventory management impact pharmacy management?
What should drive the decision related to product choice in a retail pharmacy?
What should drive the decision related to product choice in a retail pharmacy?
In pharmacy purchasing and inventory management, what is the primary factor that influences company profit and patient satisfaction?
In pharmacy purchasing and inventory management, what is the primary factor that influences company profit and patient satisfaction?
What is the main objective of purchasing for a retail pharmacy?
What is the main objective of purchasing for a retail pharmacy?
Which aspect significantly impacts the decision related to product choice in a retail pharmacy?
Which aspect significantly impacts the decision related to product choice in a retail pharmacy?
What contributes 75% to Cost of Goods Sold (COGS) for a retail pharmacy?
What contributes 75% to Cost of Goods Sold (COGS) for a retail pharmacy?
Which function has a huge impact on pharmacy management and is closely interrelated with inventory management?
Which function has a huge impact on pharmacy management and is closely interrelated with inventory management?
What is a potential benefit of accreditation for customers?
What is a potential benefit of accreditation for customers?
What is a potential benefit of accreditation for staff in the organization?
What is a potential benefit of accreditation for staff in the organization?
Which dimension is a focus of accreditation standards?
Which dimension is a focus of accreditation standards?
How does accreditation potentially influence liability insurance premium and managed care contract decisions for the organization?
How does accreditation potentially influence liability insurance premium and managed care contract decisions for the organization?
What is a potential benefit of accreditation for people who fund the organization?
What is a potential benefit of accreditation for people who fund the organization?
Study Notes
Accreditation
- Accreditation is a self-assessment and external peer-review process used by healthcare organizations to evaluate their performance against established standards.
Purpose of Accreditation
- Enables healthcare organizations to assess their level of performance against nationally applied standards.
- Allows organizations to monitor and improve their performance against established standards on an ongoing basis.
- Provides opportunity for external review and validation.
Types of Accreditation Programs
- Voluntary accreditation programs: used in USA, Canada, Australia, and New Zealand.
- Mandatory accreditation for all healthcare facilities and services: used in Taiwan and France.
Definition of Accreditation
- Accreditation is defined as a self-assessment and external peer-review process used by healthcare organizations to accurately assess their level of performance in relation to established standards and to implement ways to continuously improve the healthcare system (International Society for Quality in Health Care Inc., 1998).
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Description
Test your knowledge of pharmacy purchasing and inventory management with this quiz. Learn about methods of purchasing goods, factors to consider when choosing a supplier, and methods of inventory management.
