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WorksheetsInventory management (Mr. Mola - BIBT)
Total questions: 20
Worksheet time: 10mins
What is one of the main reasons for managing a pharmacy’s inventory?
To increase stock quantities
To prevent out-of-stock situations that affect patient care
To reduce pharmacist workload
To increase medication costs
What system provides real-time tracking of inventory and sales in pharmacies?
Periodic Inventory Systems
Manual Inventory Systems
Perpetual Inventory Systems
Just-in-Time (JIT) Systems
What is the benefit of using the Just-in-Time (JIT) inventory system?
Reducing holding costs
Increasing stock levels for safety
Eliminating the need for suppliers
Enhancing patient care through overstocking
Which inventory system involves manually counting stock at intervals?
Periodic Inventory Systems
RFID Inventory Systems
Perpetual Inventory Systems
JIT Systems
Which analysis technique categorizes inventory based on value and demand?
EDI
FIFO
ABC Analysis
a) RFID
Why is it important to rotate stock using the FIFO method?
To ensure the lowest prices
To store high-demand products longer
To prevent expiration and waste
To reduce supplier interaction
What role does RFID play in inventory management?
It identifies products manually
It tracks and identifies products using radio waves
It allows for periodic counting
It prevents products from being ordered
What is one drawback of manual inventory systems?
Real-time tracking
High accuracy in stock levels
Low setup costs
Prone to human error
How does ABC analysis categorize items?
Alphabetically
Based on expiration dates
Based on value and demand
Based on supplier relationships
What is the main goal of Electronic Data Interchange (EDI) in inventory management?
To track inventory manually
To ensure real-time counting
To automate data exchange with suppliers
To store high-value products longer
In pharmacy inventory management, what is the importance of supplier relationships?
To reduce labor costs
To guarantee low-quality products
To avoid purchasing products
To ensure timely delivery and competitive pricing
What is the focus of inventory monitoring in a pharmacy?
Assessing stock quantities and determining reorder points
Increasing stock
Reducing medication purchases
Storing medications indefinitely
What is a major disadvantage of Just-in-Time (JIT) inventory systems?
High inventory holding costs
Complexity in managing demand
Increased overstocking
Lack of supplier involvement
What type of system involves technology such as barcode scanners?
FIFO
Manual Inventory Systems
Periodic Inventory Systems
Perpetual Inventory Systems
Which inventory management strategy ensures that products with shorter
expiration dates are dispensed first?
ABC Analysis
JIT
RFID
FIFO
What is a key benefit of using perpetual inventory systems?
Higher manual labor
Increased stock levels
Real-time inventory tracking
Lack of data accuracy
Which system requires close collaboration with suppliers to ensure inventory
is restocked only when needed?
Periodic Inventory System
Just-in-Time (JIT) System
ABC Analysis
FIFO
What is a key reason for inventory management in community pharmacies?
To prevent theft of inventory
To decrease patient visits
To increase manual labor
To minimize costs and prevent stockouts
What are manual systems best suited for?
Businesses that need real-time tracking
Small-scale operations with limited budgets
Pharmacies with high levels of stock
Large-scale operations
Which inventory system involves recording stock levels during specific intervals, such as monthly?
RFID Systems
Just-in-Time (JIT)
Perpetual Inventory Systems
Periodic Inventory Systems
