Pharmacy Inventory Management (Domain 7) Flashcards

1
Q

What is the meaning of the acronym “P&T”?

A

Pharmacy and Therapeutics Committee

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2
Q

What is the meaning of the acronym “PAR”?

A

Periodic Automatic Replacement

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3
Q

What is the meaning of the acronym “JIT”?

A

Just In Time

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4
Q

Where should insulin be stored?

A

in the refrigerator

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5
Q

Where is Xalantan stored in the pharmacy?

A

in the refrigerator

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6
Q

What type of inventory must be taken every 2 years?

A

biennial

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7
Q

What type of inventory identifies the quantity of a specific drug at a particular point in time?

A

perpetual

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8
Q

What is another term for 80/20 report?

A

velocity report

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9
Q

What number is assigned to a particular batch of medication?

A

lot number

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10
Q

What is the name for an approved list of medications?

A

Formulary

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11
Q

What is another term for contract compliance?

A

BID

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12
Q

What temperature is defined as any temperature between 30° and 40° C (86° and 104° F)?

A

warm

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13
Q

What temperature is defined as not to exceed 8° C (46° F)

A

cold

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14
Q

What temperature is defined as any temperature between 15° and 30° C (59° and 86° F)?

A

room temperature

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15
Q

What is the meaning of the acronym “DAR”?

A

Drug Accountability Record

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16
Q

Who establishes the formulary for an organization or institution?

A

Pharmacy and Therapeutics Committee

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17
Q

Which automated system is commonly used to manage controlled substances?

A

bar coding

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18
Q

What is the purpose of a group purchasing organization (GPO)?

A

Negotiates prices for hospital pharmacies (but not purchasing)

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19
Q

What is the primary source of medication for pharmacies?

A

Manufacturers and wholesalers

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20
Q

What is a compliance report?

A

a report summarizing all items that were not purchased on bid

21
Q

What is an 80/20 report?

A

a detailed summary of purchasing history based on the 80/20 rule, designating medications that account for 80% of the drug costs for that period of the time

22
Q

What is a PAR report?

A

A PAR report identifies the PAR level for each medication in stock

23
Q

What is a velocity report?

A

it provides a measure of the rate of work accomplished per iteration unit of time.

24
Q

What does the term “BID” mean?

A

it is used to indicate the purchase of product whose price has been negotiated

25
Q

Who assigns a beyond-use date for a medication?

A

the pharmacy assigns a beyond-use date whenever a compound is prepared or repackaged.

26
Q

Who provides the guidelines for beyond-use dating?

A

the USP

27
Q

What is the first step the pharmacy should do after being notified of a drug recall?

A

check the pharmacy shelves first.
*If there is any recalled medication in stock, pull it aside and notify the pharmacist. The recalled medication should be kept separate from the remaining pharmacy inventory so it is not dispensed to a patient.

28
Q

Which pharmacy reference book contains drug contains drug costs?

A

the Drug Topics Red Book

29
Q

Which pharmacy reference book contains emergency information, clinical reference guides, practice management, and professional development?

A

the Drug Topics Red Book

30
Q

Which pharmacy reference book contains pharmacy and health care organizations, drug reimbursement information, manufacturer and wholesaler information, and product identification?

A

the Drug Topics Red Book

31
Q

Which pharmacy reference book contains RX product listings, OTC and nondrug products listing, and complementary and herbal product referencing?

A

the Drug Topics Red Book

32
Q

Where can an approved listing of medications that may be used within an institution or organization be found?

A

a formulary

33
Q

Where can a list of approved pharmacy abbreviations be found?

A

a formulary

34
Q

Where can policies and procedures in a pharmacy be found?

A

a formulary

35
Q

Where can protocols, nutritional products available and dosing schedules for medications be found?

A

a formulary

36
Q

Where can medical guidelines for prescribing of specific medications be found?

A

a formulary

37
Q

What is included in a formulary (6)?

A

1) an approved listing of medications that may be used within an institution or organization
2) approved pharmacy abbreviations
3) policies, procedures, and protocols
4) nutritional products available
5) dosing schedules for medications
6) medical guidelines for prescribing of specific medications

38
Q

Who pays the freight charges when shipping terms note “FOB destination”?

A

The seller

39
Q

What is the meaning of COGS?

A

Cost of goods sold

40
Q

What is a unit-of-use container?

A

a container that holds a specific quantity of drug product that is to be dispensed without any other modification than the label

41
Q

When is a hospital’s drug formulary updated?

A

every 12 to 18 months

42
Q

How are unused cytotoxic medications disposed?

A

with biohazardous waste

43
Q

What is a benefit of belonging to a group purchasing organization?

A

guaranteeing preferred pricing over a period of 1 year or more

44
Q

What does a pharmacy’s inventory turnover rate indicate?

A

the number of times in a year the inventory has been used and reordered

45
Q

What is a purchase order?

A

a number used to identify an order

46
Q

What are 4 other names for a restrictive formulary?

A

selective formulary; limited formulary; partially closed formulary; managed formulary

47
Q

Which term refers to the document presented by the individual delivering an order that identifies the number of boxes or totes?

A

shipper’s manifest

48
Q

What type of inventory is performed to determine the value of the medications in a pharmacy?

A

physical inventory (at least once a year)

49
Q

What term refers to the selection of a drug in a class of drugs to be dispensed when any drug in that classification is prescribed?

A

therapeutic substitution