Question 1

What is the term for the minimum stock level at which a new order must be placed to avoid running out of a medication?

Accepted Answer

The reorder point (also called the par level minimum). When stock falls to this predetermined quantity, a replenishment order is triggered.

Question 2

What type of purchasing system automatically generates orders based on predetermined stock levels without manual intervention?

Accepted Answer

An automated or perpetual inventory system. It continuously tracks stock and places orders when quantities fall to the reorder point.

Question 3

What does the acronym 'WAC' stand for in pharmacy purchasing?

Accepted Answer

Wholesale Acquisition Cost. It is the manufacturer's list price to wholesalers before any discounts or rebates are applied.

Question 4

What document must a pharmacy send to a drug wholesaler to return damaged or recalled medications for credit?

Accepted Answer

A credit memo or return authorization form. This document initiates the return process and ensures the pharmacy receives appropriate credit.

Question 5

What is the primary advantage of using a prime vendor purchasing agreement for a pharmacy?

Accepted Answer

It provides discounted pricing, streamlined ordering, and consistent supply by committing the majority of purchases to one wholesaler.

Inventory Management – PTCB Pharmacy Technician Certification

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