#5

PHARMACY
ASSIGNMENT

INVENTORY
Inventory refers to all of the items, goods,
commerce, and materials held by a company for
the purpose of reselling in the market for a
profit.
The three types of inventory include raw
materials, work-in-progress, and finished goods.
Inventory management enables organizations to
reduce inventory expenses by producing or
receiving items on an as-needed basis.

INVENTORY/STOCK CONTROL
The process of ensuring that a business maintains
enough levels of stock in order to meet consumer
demand without delay while keeping the costs
associated with stock holding to a minimum.

STOCK KEEPING UNIT (SKU)

A stock-keeping unit (SKU) is a scannable
code that allows businesses to automatically
track the movement of inventory.
SKU's are frequently represented by bar codes
or QR codes.
Each item, as well as the location where it is
sold, will have its own SKU.

ANGEL MAE L. CONSIGNA G11-01HCP-STM

#5

PHARMACY
ASSIGNMENT

STOCK LEVEL
Stock level refers to the amount of stock required
for efficient and effective inventory control in
order to avoid over- and under-stocking of items.

BUFFER STOCK
Buffer stock inventory is excess product kept
aside to compensate for unexpected supplier
delays or when demand exceeds expectations.

SOUND ALIKE LOOK ALIKE DRUGS (SALAD)

OR LOOK ALIKE SOUND ALIKE (LASA)

The term SALADs (Sound-Alike Look-Alike Drugs)

or LASA drugs are medications that look or sound
similar to each other, either by their generic name,
or brand name. They might have similar
packaging, similar-sounding names, or similar
spellings.

HIGH ALERT MEDICATIONS (HAM)

A high-alert medicine (HAM) is one that has a

high potential of causing serious harm if given
incorrectly. HAM medications have a restricted
therapeutic index. Drugs having a narrow
therapeutic index are risky because minor
changes in dosage or blood drug levels can result
in dose- or blood concentration-dependent critical
events.