Inventory Management Flashcards
7 cards from real CPHT practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Inventory Management flashcards as text
Which inventory control method sets a fixed quantity to reorder each time stock reaches a predetermined level?
Answer: Fixed-quantity reorder system
The fixed-quantity reorder system triggers an order of the same amount whenever inventory falls to the reorder point.
A pharmacy receives a shipment with damaged packaging on several vials. What is the FIRST action the technician should take?
Answer: Quarantine the damaged items and notify the pharmacist
Damaged goods must be quarantined and reviewed by the pharmacist before any dispensing decision is made.
What does the term 'days supply on hand' measure?
Answer: How many days current inventory will last at current dispensing rate
Days supply on hand is calculated by dividing current inventory quantity by average daily usage.
Which federal agency must be notified when a pharmacy discovers a significant loss of Schedule II controlled substances?
Answer: DEA
Significant losses of Schedule II controlled substances must be reported to the DEA using Form 106.
A pharmacy uses a 'want book' (or want list). What is its primary purpose?
Answer: Record items needing reorder before they run out
A want book is used to record products that are running low so they can be ordered before stockout occurs.
Which of the following best describes a formulary?
Answer: A list of approved medications covered by an insurance plan
A formulary is a list of preferred medications approved for coverage by an insurance plan or health system.
When rotating stock, newly received inventory should be placed in which position?
Answer: Behind existing stock so older product is used first
New stock goes behind existing stock so older items with sooner expiration dates are dispensed first (FIFO).