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Inventory Management Flashcards

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  1. A pharmacy participates in a 340B drug pricing program. Which statement about 340B inventory management is correct?

    Answer: Pharmacies must maintain auditable records to separate 340B and non-340B inventory to prevent diversion

    The 340B program requires pharmacies to maintain clear separation and auditable records to prevent 340B drugs from being diverted to non-eligible patients.

  2. A pharmacy technician is checking in a controlled substance order. The DEA Form 222 shows 5 bottles of morphine sulfate ordered, but only 4 bottles are received. What is the correct action?

    Answer: Record the actual quantity received (4) on the Form 222 and report the shortage to the pharmacist

    Only the actual quantity received should be recorded on DEA Form 222; shortages must be documented and reported to the pharmacist for investigation.

  3. A state board of pharmacy inspector asks to see the pharmacy's biennial controlled substance inventory. Under DEA regulations, this inventory must be performed:

    Answer: Every two years on or around the same date

    DEA regulations require a biennial (every two years) physical inventory of all controlled substances in Schedules II through V.

  4. Which of the following describes an 'open formulary' in a health system pharmacy?

    Answer: A formulary where any drug may be prescribed without restriction

    An open formulary allows prescribers to order any drug without restriction, while a closed formulary limits prescribing to an approved drug list.

  5. When a pharmacy receives a drug recall notice, which piece of information is MOST critical for locating affected products in inventory?

    Answer: The lot number and expiration date specified in the recall notice

    Recall notices specify lot numbers and expiration dates to allow precise identification and quarantine of affected products.

  6. A hospital pharmacy uses 'just-in-time' (JIT) ordering. The primary goal of JIT is to:

    Answer: Receive inventory only as it is needed to minimize on-hand stock and storage costs

    JIT ordering minimizes on-hand inventory and associated carrying costs by receiving goods only when needed for near-term use.

  7. A pharmacy technician notices a medication label states 'protect from light.' Which storage solution is most appropriate?

    Answer: Store in amber or opaque containers away from direct light sources

    Medications that require light protection should be stored in amber or opaque containers and kept away from direct light to prevent photodegradation.