Ondansetron Injection, 4 mg/2 mL Vial
Analgesia & AnesthesiaEssential, 95% service targetPrimary vendor Harborline Pharmaceuticals, lead 1 day, ordered every 3 days00641607825
Stock position
- On hand
- 2,581 vial11.6 days of supply
- On order
- 245 vialfirst arrives Tue Sep 15
- Forecast rate
- 223.3 vial/daynext 30 days
- Demand over 4 days
- 974 viallead time plus review period
- Safety stock
- 255 vialempirical 95th percentile of forecast error
- Reorder point
- 1,228 vialabove
- Stockout
- Sun Sep 27
- Recommended order
- noneby Fri Sep 25
- Inventory value
- $1,420at $0.55 per vial
How the forecast was made
Exponential smoothing8% weekly error, under-forecast66% better than naive
A weighted recent average that learns the weekday pattern and any trend. Recent days count more than old ones.
Report card: the model was fit on history up to Tue Jul 21 and scored on the 56 days after. Weekly totals were off by 8% on average (22% day by day), and it under-forecast by 6% overall. A same-weekday-last-week guess would have been off by 23%.
actual forecast, 80% and 95% range what the model said during the report card windowvial/day
Projected on hand, vial: today's stock plus open orders on their expected dates, minus the forecast, day by day.
Lots and expiry
Earliest-expiry-first simulation against the forecast. Waste is what remains in a lot on its expiry date.
| Lot | Quantity | Expires | Days | Unit cost | Projected waste |
|---|---|---|---|---|---|
| L00048 | 2,581 | Tue Jan 4 | 477 | $0.55 | 0 vial · $0 |
Vendors and prices, last 90 days
| Vendor | Part number | Vendor description | Sells by | Paid per vial | Invoices | 90-day spend | Pairing |
|---|---|---|---|---|---|---|---|
| Harborline Pharmaceuticals | 00641607825 | ONDANSETRON 2 MG/ML VIAL EA | EA of 1 | $0.50 | 33 | $7,154 | stand-in |
| Cobalt Rx Distributors | CRX-41195 | ONDANS 2 SDV 1CT | EA of 1 | $0.65 | 13 | $5,673 | stand-in |
Cobalt Rx Distributors charges $0.6453 per vial for this item; Harborline Pharmaceuticals charges $0.5019. That is 29% more on about 35,652 vial a year, or $5,112 a year.