Inventory Management Flashcards

A pharmacy receives a shipment and the invoice shows 100 bottles but only 96 bottles are in the box. What should the technician do first?

Answer: Document the discrepancy on the receiving record and notify the wholesaler

Discrepancies between the invoice and received quantity must be documented immediately and reported to the wholesaler for credit or correction.

Which storage condition is required for most vaccines?

Answer: Refrigerated (36–46°F)

Most vaccines require refrigerated storage between 36–46°F (2–8°C) to maintain potency.

What does EOQ (Economic Order Quantity) calculate?

Answer: The optimal order quantity that minimizes total ordering and carrying costs

EOQ is a formula that determines the ideal order quantity to minimize the combined costs of ordering and holding inventory.

A pharmacy is conducting a biennial inventory of controlled substances. When must this inventory be taken?

Answer: Within 2 years of the previous inventory, on any regular business day

DEA regulations require a biennial inventory to be taken on any regular business day within every 2-year period.

Which of the following medications requires storage below −20°C (−4°F)?

Answer: Varicella vaccine

The varicella (chickenpox) vaccine must be stored frozen at −50°C to −15°C and is one of the vaccines requiring frozen storage.

What is a 'chargeback' in pharmacy wholesaler relationships?

Answer: A credit issued to the wholesaler by the manufacturer for selling below contract price

A chargeback is a credit the manufacturer issues to the wholesaler when the wholesaler sells a product to a customer at a contracted price below the wholesaler's cost.

A pharmacy has 30 units on hand and uses 5 units per day. If the reorder point is 20 units, in how many days will the reorder be triggered?

Answer: 2 days

With 30 units on hand and a reorder point of 20, usage of 5/day means reorder triggers after (30 − 20) / 5 = 2 days.