Inventory Management Flashcards
7 cards from real Pharmacy 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
A pharmacy uses a perpetual inventory system. What is the primary advantage of this system over a periodic system?
Answer: Real-time tracking of stock levels after every transaction
A perpetual inventory system continuously updates stock levels with each purchase or dispensing transaction, providing real-time visibility.
Which DEA schedule requires the use of DEA Form 222 or the CSOS electronic equivalent for ordering?
Answer: Schedule II
DEA Form 222 (or its electronic equivalent CSOS) is required for ordering Schedule II controlled substances.
A pharmacy technician notices a medication has an expiration date of '08/2026.' When does this product expire?
Answer: August 31, 2026
A medication expiring '08/2026' is considered usable through the last day of August 2026, which is August 31, 2026.
What is the purpose of a 'par level' in pharmacy inventory management?
Answer: The minimum stock quantity that triggers a reorder
Par level is the minimum stock quantity at which a reorder is triggered to prevent running out of a medication.
A pharmacy discovers a bottle of tablets with visible discoloration and clumping. What is the most appropriate action?
Answer: Quarantine and return to the manufacturer or reverse distributor
Visually compromised medications should be quarantined and returned to the manufacturer or a reverse distributor as they may be degraded or unsafe.
Which inventory valuation method assumes the first items purchased are the first items sold?
Answer: FIFO (First In, First Out)
FIFO assumes the oldest inventory (first purchased) is sold first, which aligns with best practices for rotating stock to prevent expiration.
When a pharmacy receives a drug recall notice for Class I, what action is required?
Answer: Immediately remove product from dispensing and notify patients who received it
A Class I recall involves serious health risk or death; immediate removal and patient notification are required.