PTCB Pharmacy Inventory
Management Questions and Answers |
Latest Version | 2025/2026 | Correct &
Verified
What is the purpose of a perpetual inventory system in a pharmacy?
✔✔ To continuously track stock levels and usage of medications.
Which documentation is required for receiving controlled substances?
✔✔ DEA Form 222.
What does FIFO stand for in pharmacy inventory management?
✔✔ First In, First Out.
Why is it important to track expiration dates of medications in inventory?
✔✔ To prevent dispensing expired or ineffective medications.
Which type of inventory includes all medications currently in stock at a specific point in time?
✔✔ Physical inventory.
1
,What is the main goal of automated inventory management systems?
✔✔ To maintain optimal stock levels and reduce human error.
Which inventory method prioritizes selling older stock first?
✔✔ FIFO (First In, First Out).
What type of inventory is done to reconcile discrepancies between records and actual stock?
✔✔ Cycle count or spot inventory.
Which controlled substances require special storage and inventory tracking?
✔✔ Schedule II-V medications.
What is the purpose of a reorder point in pharmacy inventory management?
✔✔ To indicate the stock level at which new orders should be placed.
Why should pharmacies keep a separate record of expired or recalled medications?
✔✔ To prevent accidental dispensing and comply with regulations.
2
, Which federal agency regulates the storage and recordkeeping of controlled substances?
✔✔ Drug Enforcement Administration (DEA).
What does par level mean in inventory management?
✔✔ The optimal quantity of a medication that should be kept in stock.
Why is inventory turnover rate important in a pharmacy?
✔✔ To monitor how quickly medications are used and identify slow-moving stock.
Which records must be maintained for all controlled substance transactions?
✔✔ Receipts, dispensing logs, inventory counts, and DEA forms.
What is the purpose of batch or lot numbers in inventory?
✔✔ To track and identify specific groups of manufactured medications for recalls or quality
control.
How often should a pharmacy perform a complete physical inventory of controlled substances?
3
Management Questions and Answers |
Latest Version | 2025/2026 | Correct &
Verified
What is the purpose of a perpetual inventory system in a pharmacy?
✔✔ To continuously track stock levels and usage of medications.
Which documentation is required for receiving controlled substances?
✔✔ DEA Form 222.
What does FIFO stand for in pharmacy inventory management?
✔✔ First In, First Out.
Why is it important to track expiration dates of medications in inventory?
✔✔ To prevent dispensing expired or ineffective medications.
Which type of inventory includes all medications currently in stock at a specific point in time?
✔✔ Physical inventory.
1
,What is the main goal of automated inventory management systems?
✔✔ To maintain optimal stock levels and reduce human error.
Which inventory method prioritizes selling older stock first?
✔✔ FIFO (First In, First Out).
What type of inventory is done to reconcile discrepancies between records and actual stock?
✔✔ Cycle count or spot inventory.
Which controlled substances require special storage and inventory tracking?
✔✔ Schedule II-V medications.
What is the purpose of a reorder point in pharmacy inventory management?
✔✔ To indicate the stock level at which new orders should be placed.
Why should pharmacies keep a separate record of expired or recalled medications?
✔✔ To prevent accidental dispensing and comply with regulations.
2
, Which federal agency regulates the storage and recordkeeping of controlled substances?
✔✔ Drug Enforcement Administration (DEA).
What does par level mean in inventory management?
✔✔ The optimal quantity of a medication that should be kept in stock.
Why is inventory turnover rate important in a pharmacy?
✔✔ To monitor how quickly medications are used and identify slow-moving stock.
Which records must be maintained for all controlled substance transactions?
✔✔ Receipts, dispensing logs, inventory counts, and DEA forms.
What is the purpose of batch or lot numbers in inventory?
✔✔ To track and identify specific groups of manufactured medications for recalls or quality
control.
How often should a pharmacy perform a complete physical inventory of controlled substances?
3
