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8 terms

PT Chapter 13-Inventory Management

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goal
The ? of inventory management is to ensure that drugs are available when they are needed.
Open Formulary
A system that allows a pharmacy to use any prescribed medication.
Formulary
A list of medications approved for use.
Therapeutic Equivalent
pharmaceutical equivalents that produce the same effects in patients.
Perpetual Inventory System
Inventory system that maintains a continous record of every item in inventory so that it always shows the stock on hand.
turnover
The rate at which inventory is used, generally expressed in number of days.
Point of Sale(POS)
An inventory system in which the item deducted from inventory as it is sold or dispensed
Reorder Points
Minimum and maximum stock levels which determine when a reorder is placed and for how much