What do we call a listing of goods or items that a business will utilize in its normal operations?

The term that refers to a listing of goods or items that a business will utilize in its normal operations is "inventory." Inventory encompasses all the products, supplies, or materials that a business keeps on hand to conduct its routine activities. For a pharmacy, this would include medications, medical supplies, and any other items necessary for patient care and operational efficiency.

In the context of a pharmacy, effective inventory management is critical for ensuring that there is a sufficient supply of medications and products available to meet patient needs while minimizing excess stock, which can lead to waste and increased costs. Keeping track of inventory helps pharmacies manage their resources efficiently and comply with regulatory requirements.

The other terms listed relate to different aspects of business operations. A closed formulary typically refers to a restricted list of medications covered by a specific insurance plan, while an open formulary allows for a greater variety of medications. Purchasing involves the act of acquiring goods or services but does not specifically denote the list of items on hand for routine operations. Thus, inventory is indeed the most accurate descriptor in this context.