Question

which of the following systems allows pharmacists to review drug use monthly, and shows when it is time to reorder materials?

eoq systems
reorder point systems
perpetual inventory systems
min/max systems

question 12 (2.5 points)
wholesale records (of purchases and sales) must be maintained for a minimum of:

2 months
6 months
12 months
2 years

Explanation:

Analyze the first question

The first question asks: "Which of the following systems allows pharmacists to review drug use monthly, and shows when it is time to reorder materials?"

• EOQ (Economic Order Quantity) systems focus on calculating the optimal order size to minimize total inventory costs.
• Reorder point systems trigger a reorder automatically when stock falls to a specific predetermined level, rather than relying on a monthly review.
• Perpetual inventory systems maintain a continuous, real-time tracking of inventory levels as items are received and sold.
• Min/max systems (specifically periodic review systems like min/max) involve reviewing inventory levels at set intervals (such as monthly) to determine if stock has fallen below a minimum level, and ordering up to a maximum level.

Analyze the second question

The second question asks: "Wholesale records (of purchases and sales) must be maintained for a minimum of:"

• Under federal regulations in the United States (such as the Drug Supply Chain Security Act and DEA regulations), wholesale transaction records, purchase invoices, and sales records must be kept for a minimum period to ensure compliance and traceability.
• The standard federal requirement for keeping these pharmacy and wholesale records is 2 years.

Formulate the final answers

• For Question 1, the system that matches periodic monthly review and reorder signaling is the Min/max systems.
• For Question 2, the minimum retention period for wholesale records is 2 years.

Answer:

Question 1

• EOQ systems
• Reorder point systems
• Perpetual inventory systems
• Min/max systems (Correct answer)

Question 2

• 2 months
• 6 months
• 12 months
• 2 years (Correct answer)