Pharmacy Inventory Management 3

Question 1

A pharmacy's turnover rate for a medication is 12 per year. What does this indicate?

Accepted Answer

The entire stock of that drug is sold and replaced approximately once per month

Answer

The drug is reordered 12 times per year

Answer

The drug expires 12 times per year

Answer

The drug costs $12 per unit

Question 2

Which of the following is required when returning Schedule II controlled substances to a DEA-registered reverse distributor?

Accepted Answer

DEA Form 222

Answer

DEA Form 41

Answer

DEA Form 106

Answer

DEA Form 224

Question 3

What is 'shrinkage' in pharmacy inventory management?

Accepted Answer

Unexplained loss of inventory due to theft, diversion, or error

Answer

Reduction in tablet size due to manufacturing changes

Answer

Decrease in drug potency over time

Answer

Reduction in wholesaler pricing

Question 4

A pharmacy wants to reduce carrying costs. Which strategy is MOST effective?

Accepted Answer

Implement just-in-time (JIT) ordering

Answer

Increase safety stock for all medications

Answer

Order in bulk to maximize wholesaler discounts

Answer

Increase the reorder point for all drugs

Question 5

Which form must be completed within 1 business day when a pharmacy discovers a theft or significant loss of Schedule II controlled substances?

Accepted Answer

DEA Form 106

Answer

DEA Form 41

Answer

DEA Form 222

Answer

DEA Form 363

Question 6

What is 'dead stock' in a pharmacy?

Accepted Answer

Inventory that has not moved in an extended period and is unlikely to sell

Answer

Medications stored in a refrigerator

Answer

Controlled substances awaiting destruction

Answer

Stock returned by patients

Question 7

A pharmacy orders 500 units of Drug X per order and places orders 6 times per year. What is the average inventory assuming a zero safety stock?

Accepted Answer

250 units

Answer

83 units

Answer

500 units

Answer

3,000 units