Closed Formulary
- a limited list of approved medications
Formulary
- a list of medications approved for use
Inventory
- a list of goods or items a business uses in its normal operations
Open Formulary
- a system that allows a pharmacy to use any prescribed medication
Therapeutic Equivalent
- pharmaceutical equivalents that produce the same effects in patients
Perpetual Inventory
- a system that maintains a continuous record of every item in inventory so that it always shows the current amount of stock on hand
Turnover
- the rate at which inventory is used, generally expressed in number of days
Point of Sale (POS) System
- an inventory system in which the item is deducted from inventory as it is sold or dispensed
Reorder Points
- minimum and maximum stock levels that determine when a reorder is placed and for how much
Database
- a collection of information structured so that specific information within it can easily be retrieved and used
Automated Dispensing Machine
- a device that dispenses medications at point-of-use upon confirmation of an order that has been communicated from a centralized computer system
Material Safety Data Sheet (MSDS)
- OSHA required notices on hazardous substances that provide hazard, handling, clean up, and first aid information
Purchase order number
- the number assigned to each order for identification
Unit-dose packaging
- a package containing a single dose of a medication
Most drugs are kept in a fairly constant room temperature of 59-86 degree F. For most medications, the bar code includes the products NDC number, which in turn identifies the product and package size.
Refrigeration
Some drugs must be stored at a constant temperature in a controlled commercial refrigerator or freezer designed for medications. These units have internal gauges mounted on the outside for monitoring.
Refrigeration temperatures should be generally 36-46 degree F.
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