CPhT Inventory Management 2 — Questions and Answers
Question 1: Which inventory control method sets a fixed quantity to reorder each time stock reaches a predetermined level?
- Periodic order system
- Fixed-quantity reorder system (Correct answer)
- Just-in-time system
- ABC analysis method
Correct answer: Fixed-quantity reorder system
The fixed-quantity reorder system triggers an order of the same amount whenever inventory falls to the reorder point.
Question 2: A pharmacy receives a shipment with damaged packaging on several vials. What is the FIRST action the technician should take?
- Dispense the medication if contents appear intact
- Quarantine the damaged items and notify the pharmacist (Correct answer)
- Return all items to the wholesaler immediately
- Document the damage in the patient profile
Correct 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.
Question 3: What does the term 'days supply on hand' measure?
- Number of days until the next scheduled delivery
- How many days current inventory will last at current dispensing rate (Correct answer)
- The expiration period of a medication
- The number of days a controlled substance log must be kept
Correct 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.
Question 4: Which federal agency must be notified when a pharmacy discovers a significant loss of Schedule II controlled substances?
- FDA
- DEA (Correct answer)
- CDC
- CMS
Correct answer: DEA
Significant losses of Schedule II controlled substances must be reported to the DEA using Form 106.
Question 5: A pharmacy uses a 'want book' (or want list). What is its primary purpose?
- Track patient refill requests
- Record items needing reorder before they run out (Correct answer)
- Document controlled substance wastage
- Log refrigerator temperature readings
Correct 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.
Question 6: Which of the following best describes a formulary?
- A list of approved medications covered by an insurance plan (Correct answer)
- The schedule of controlled substances issued by the DEA
- A log of all expired medications removed from inventory
- A record of all controlled substance transactions
Correct 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.
Question 7: When rotating stock, newly received inventory should be placed in which position?
- At the front of the shelf
- At the top of the shelf
- Behind existing stock so older product is used first (Correct answer)
- In a separate quarantine area until verified
Correct 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).
CPhT Inventory Management 2
Which inventory control method sets a fixed quantity to reorder each time stock reaches a predetermined level?