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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

Problems in procurement can arise as a result of:A simple schedule for ordering

The following are outcomes for a good distribution system:Number of items dispensed

In evaluating new suppliers formal registration is not the norm