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Final Examination- May 18, 2013

PROPER STORAGE AND HANDLING OF PHARMACEUTICAL PRODUCTS 1. Store pharmaceutical product /drug according to storage condition specified in the label. - cool place: 8-15 Centigrade-ref; 2-8 Centigrade-biological ref; 20-25 Centigrade- aircon (vaccines) - protect from light 2. When no storage condition is specified, it is understood that the product must be free from excessive temperature, moisture and freezing. 3. Hazardous chemicals must be stored separately in locked cabinet that is properly labeled. 4. In handling hazardous chemicals, always observe safety measures like wearing of gloves, use of mask, etc. 5. In repacking drug products, the ff packaging must be used: a. vials: small plastic, glass container, plastic envelope for tablet and capsule b. paper, plastic bags c. small boxes d. prescription bottles 6. Don’t dispense drug products if the ff physical signs are present. Physical signs present degradation of product. -presence of precipitate/solidification of liquid rug -change in color/formation of color -liquification/of softening of solid (tab, cap,syr-withstand compression) -rancidity of ointment and medicated applications

DRUG PROCUREMENT AND INVENTORY CONTROL - Hospital Ph: therapeutic committee; limited -Community Ph: any; can be consumed; depend on purchaser 1. Know the most legible supplier/ distributors. -registered -check: Company Registration(license to open-update); Product List (Lot/Batch #, Expiration Date: if registered) 2. Limit your suppliers/short listing. -to monitor -limit to most important/legible suppliers 3. Refer your purchases with your “faltas”. 4. Buy products with longer expiration dates. -fast moving -need replenished 5. Return to suppliers non-moving and near expiry drugs. -2-3 months before expiration date

INVENTORY CONTROL -First in, First out -quarterly

TYPES OF SUPPLIERS a. direct supplier - manufacturer -chain drugstore, wholesale -more deals to offer, cheaper price b. indirect supplier c. retail supplier

fast moving or slow moving * a cycle of purchase 2.distribution *PITC.sellable. When to goods to government *OTC -monitoring -largest single unit (large investment. Pfizer) . control inventory) ROI: return of investment CONTENTS OF INVENTORY CARD -generic and brand name -dosage form and strength -expiration date -date purchased -price METHODS OF INVENTORY: for continuous flow of management -manual -computerized *Want Book -provide continuous flow of supply ASPECTS OF INVENTORY 1. ahead of time 3.depends whether the product comes from local/multinational companies *local: 200%.Philippine International Trading Center . Unilab. How much to Order 4. generics(RiteMed) *multinational: 10-15%. first out -first expiration.. first out -bar coding *to prevent accumulation of expiration PRICING .value placed on goods and services . branded (Zuellig. Stock Turnover. Warehousing/Storage TECHNIQUES TO AVOID OUT OF STOCK -inventory TECHNIQUES TO AVOID EXPIRATION DATE -inventory -warehousing -first in.amount of money needed to acquire products .

container 3. mark-up/selling price x100 -difference between cost of product and selling product of goods and services * expenses: use of resources to support revenue * net income: revenue – expenses (difference) * profit: greater revenue than of expenses * net loss: greater expense than of revenue = revenue and cost of product before deducting/overhead/payroll/taxes: gross profit *selling price-gross profit= cost *selling price-cost of merchandise= markup *cost + gross profit=revenue/sales . %age up + minimum fee: with label.METHODS OF PRICING 1. before deducting * revenue/sales: cost + gross profit .I x %). %age mark-up -cost of ingredient + (C. Professional fee: cost of product + Professional fee TERMS * gross profit: revenue-cost of product -no expenses.