Phar 730 Inventory Management

The ITOR is the inventory turnover rate

Which of the following would be considered when choosing the right products? (check all that apply)

A GPO pools the buying power of pharmacies together to obtain better prices and discounts from vendors.

2/10, net 30 means

The ITOR evaluates

The price that a pharmacy pays for a product is called the procurement cost.

Which one is a group that a pharmacy can join which provides discounts from vendors, marketing materials.

Which of the following is NOT a purchasing objective?

Additional inventory that is needed in case of a supply or demand fluctuation is called ____________ stock.

If you purchase a full case of product X, receive a 2% discount is an example of a ______________ discount.

Ordering flu vaccine in June would be an example of _________________ stock.

Inventory Management means minimizing the investment in inventory while balancing supply/demand

Which are factors to consider when evaluating inventory managment? check all of the above.

Which of the following involve dating of the invoice?

Discount for paying an invoice within 10 days and a discount for buying a full case of Product X