Pharmacy Inventory Management (Domain 7) Flashcards
What is the meaning of the acronym “P&T”?
Pharmacy and Therapeutics Committee
What is the meaning of the acronym “PAR”?
Periodic Automatic Replacement
What is the meaning of the acronym “JIT”?
Just In Time
Where should insulin be stored?
in the refrigerator
Where is Xalantan stored in the pharmacy?
in the refrigerator
What type of inventory must be taken every 2 years?
biennial
What type of inventory identifies the quantity of a specific drug at a particular point in time?
perpetual
What is another term for 80/20 report?
velocity report
What number is assigned to a particular batch of medication?
lot number
What is the name for an approved list of medications?
Formulary
What is another term for contract compliance?
BID
What temperature is defined as any temperature between 30° and 40° C (86° and 104° F)?
warm
What temperature is defined as not to exceed 8° C (46° F)
cold
What temperature is defined as any temperature between 15° and 30° C (59° and 86° F)?
room temperature
What is the meaning of the acronym “DAR”?
Drug Accountability Record
Who establishes the formulary for an organization or institution?
Pharmacy and Therapeutics Committee
Which automated system is commonly used to manage controlled substances?
bar coding
What is the purpose of a group purchasing organization (GPO)?
Negotiates prices for hospital pharmacies (but not purchasing)
What is the primary source of medication for pharmacies?
Manufacturers and wholesalers