Work out inventory expiry loss instantly with clear inputs, formula shown and shareable results.
Values the stock expiring and expresses it as a share of total holdings, the standard expiry-loss indicator in pharmacy stock audits.
Expiry loss
Loss value = units expiring x unit cost; share of stock = units expiring / total stock units x 100
Under 2% of stock value is a common internal target for hospital pharmacy.
First-expiry-first-out stock rotation, smaller more frequent orders and redistribution between sites before expiry.