Let's Talk Inventory
Laws & Safe Harbors
Who ya gonna call?
How 'bout a BOGO?
I'm about to expire
100

The maximum number of days permitted for a product evaluation. 

What is 90 days

100

This law prohibits individuals from offering or paying any remuneration to induce or reward referrals of goods, services, or items payable by a federal health care program.

What is the Anti-Kickback Statute

100

The governing body to the company's Commercial Programs

What is the Contract & Pricing Committee ("CPC")

100

True/False - Combining a mix of J&J company products into a single offering is a "buy one, get one free" (BOGO)

What is false

100

The business policy governing the timeframe and conditions in which product may be returned

What is the returns policy?

200

The term for placing non-capital product and only invoicing post-usage. 

What is consignment

200

Capital rented with monthly payments of $10,000 over 24 months is permissible under this safe harbor. 

What is the rental safe harbor

200

The function primarily responsible for advising on whether programs or proposals meet the Anti-Kickback Statute Safe Harbors. 

Who are Commercial Program attorneys ("CPLG").

200

Your response when asked if we can provide capital product for free if the customer purchases all consumables. 

What is No

200

This university owns the patent to Google's search algorithms.

What is Stanford University

300

The FSO often refers to "borrowing" customer owned product for use with another account.  It should be referred to as...

What is stealing

300

Defined as "anything of value in any form or manner whatsoever."

What is remuneration

300

When there's something strange in the neighborhood...

Who are the Ghostbusters.

300

This hairstyle is known for "business in the front, party in the back."

What is the mullet

300

We can offer [______] immediately following the termination of a contract while the Company is in bona fide negotiations with a customer for a new contract. 

What is courtesy pricing.

400

This process refers to reconciling field equipment with company records. 

What is an audit

400

A reduction in the amount a Customer is charged for a Company product at the time of sale.

What is a discount

400

The group responsible for ensuring customers are meeting the terms of their commercial/purchase agreement. 

Who is contract compliance

400

Your response when you see "buy 10 implants, get 1 free." 

What is No

400

Courtesy pricing may be offered for up to [___] days without a CPC exception

What is 90 days. 

500

Mr. Pietak's favorite hobby when not working. 

What is mushroom picking

500

In Dec 2020, this safe harbor was expanded from only covering individual product defects to also include bundled products and services. 

What is the warranty safe harbor

500

This function is provides the first line of evaluation of all proposed customer deals/requests. 

What is the deal desk.

500

Capital Placement Model. This refers to what a customer is invoiced when failing to meet the required minimum disposable/consumable purchases required in a capital placement deal. 

What is a shortfall

500

The movie an HCCO often identifies with when dealing with the same issue over and over again. 

What is Groundhog Day

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