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Purchase by tender is normally quicker than buying by direct purchase

Standard operating procedures are step-by-step instructions

The maximum level of an item is  the largest quantity of this item allowed on the shelf 

Some reasons for differences showing in the balance of the following equation:Opening stock + stock received = stock issued + closing stock are:Stock movement was not recorded

The value of the stock in the pharmacy can be calculated using the following formula:Balance + amount ordered x price/unit  

In pre-qualification manufacturers and products are qualified in advance for the    procurement of medicines by organisations

In evaluating new suppliers the service and product quality can be monitored after small quantities of selected items have been purchased

When purchasing drugs the price of the drug is more important than quality

The following are definitions of terms lead time” is the period between placing an order and receiving the drugs

A supply chain distributes finished products to customers