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A perpetual inventory is the maintenance of an accurate count of all schedule II controlled substances in a pharmacy or institutional pharmacy.
However, periodically (and under federal law at least every two years) all controlled substances must be inventoried. The board encourages more frequent counting of controlled medications to identify and prevent losses of Schedule III, IV and V drugs.
1:29 4:34 There's two basic rules the first is the three bottle rule and with the three bottle rule it saysMoreThere's two basic rules the first is the three bottle rule and with the three bottle rule it says that anytime that anyone in the store is putting away an item that's the third bottle on the shelf.
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An annual inventory must be taken on May 1 of each year or on the pharmacy's general physical inventory date. The inventory may be taken within 4 days of the specified inventory date and must include all controlled substances.
The visual method. In this way of managing a pharmacy inventory, the pharmacist or the designated person takes a visual survey of the inventory and counts in-hand stock against the product list and quantity. A purchasing order is raised when the stock number falls below the desired listed amount.
all records of acquisitor and disposition of controlled substances must be retained prescriptions: receipts and invoices; all inventory records; reports of theft, loss, or surrender of controlled substances and form 222s.
A perpetual inventory system is a process by which a pharmacy chain uses technology to track all the prescription medications the chain and all its sites have on hand at all times.
A perpetual inventory is the maintenance of an accurate count of all schedule II controlled substances in a pharmacy or institutional pharmacy.

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