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PTCB Pharmacy Inventory Management QUESTIONS AND ANSWERS RATED A+ 2024/2025
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PTCB Pharmacy Inventory Management QUESTIONS AND ANSWERS RATED A+ 2024/2025
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PTCB Pharmacy Inventory ManagementAverage wholesale price (AWP) - ANSA advised rate assigned to each drug indexed in diverse
posted pricing publications. Insurance groups
reimburse pharmacies based totally at the ______ of the medicine disbursed
Dispensing price - ANScharge for the services furnished by way of the pharmacy,
together with overhead charges, salaries, system cost, and a specific profit margin
Expiration date - ANSlength of time in
which the medicine keeps most efficient potency and balance
Formulary - ANSA list of favored medicines
Inventory turnover fee - ANSmethod for measuring the general effectiveness
of buying and inventory
manage strategies, equals overall annual stock purchases divided
via cost of stock available.
Invoice - ANSA bill of sale for merchandise
ordered
Markup - ANSThe difference in price
between the price at which a commercial enterprise purchases a product and the price at which
they promote it
pharm promoting rate - pharm buy charge
New Drug Application (NDA) - ANSprocess by means of which new drugs are proposed to the
Food and Drug Administration (FDA) for approval to
marketplace and promote within the United States
Periodic computerized substitute (PAR) - ANSThe most advantageous quantity of every
object that have to be stocked at any given time
Prime supplier - ANSThe wholesaler from
whom the drugstore has devoted to buy most of the people of its stock
Purchase order (PO) - ANSA record
used to buy inventory containing statistics approximately the drugstore, the vendor, and details
about each
of the goods ordered
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