Which of the following is NOT the purpose of inventory management?

It minimizes capital charges on average functions
It minimizes time spend on purchasing functions
It reduces carrying costs (financial investments) in drug products
It increases purchasing dollars spent by selecting products based on organization formulary requirements

It increases purchasing dollars spent by selecting products based on organization formulary requirements

Rationale: Inventory management does not increase purchasing dollars spent by selecting products based on organization formulary requirements (and cost) – it reduces them.

Health Professions

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Answer the following statement true (T) or false (F)

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