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A well run store will have the following features new stock is issued only after old stock has been used

The quality of a product and the quality of the supplier is not linked at all

The maximum level of an item is defined as the amount of stock expected to be consumed over a given    period of time

The quality of a product is dependent on the type of container

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