Which of the following minimizes tying up funds for long periods and reduces the cost associated with inventory management?
Just-in-time ordering
Periodic automatic replacement
ABC analysis
Inventory turnover rate
Just-in-time ordering
Rationale: Just-in-time ordering minimizes tying up funds for long periods and reduces the cost associated with inventory management. This method requires pharmacy employees to predict demand for medications and supplies accurately.
Health Professions
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a. perspective. b. prospective. c. retrospective. d. warranted.
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A) Validation B) Evaluation C) Experimentation D) Verification
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