Assistant Pharmacy Manager Interview Questions and Answers

ROL stands for Reorder Level. It is the inventory level at which a new order should be placed to avoid stockouts.

• ROL is calculated by subtracting the lead time from the demand during that period.

• ROL = (Average daily demand x Lead time in days) + Safety stock

• Safety stock is the extra inventory kept to avoid stockouts due to unexpected demand or delays in delivery.

• ROL helps in maintaining optimal inventory levels and avoiding stockouts.

• For example, if the average daily demand f...read more

ROQ stands for Return on Quality. It is a metric used to measure the effectiveness of quality control processes.

• ROQ is a way to measure the value of quality control efforts in terms of cost savings and customer satisfaction.

• It takes into account the cost of quality control measures and compares it to the savings generated by preventing defects or errors.

• For example, if a company spends $10,000 on quality control measures and saves $50,000 in prevented defects, the ROQ would b...read more