Midazolam Injection, 5 mg/5 mL Vial
Analgesia & AnesthesiaVital, 99% service targetPrimary vendor Harborline Pharmaceuticals, lead 1 day, ordered every 3 days00143937910
Stock position
- On hand
- 703 vial12.2 days of supply
- On order
- 78 vialfirst arrives Mon Sep 14
- Forecast rate
- 57.5 vial/daynext 30 days
- Demand over 4 days
- 248 viallead time plus review period
- Safety stock
- 87 vialempirical 99th percentile of forecast error
- Reorder point
- 335 vialabove
- Stockout
- Sun Sep 27
- Recommended order
- noneby Thu Sep 24
- Inventory value
- $914at $1.30 per vial
How the forecast was made
Exponential smoothing11% weekly error, unbiased12% 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 11% on average (28% day by day), and it showed no systematic bias. A same-weekday-last-week guess would have been off by 12%.
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 |
|---|---|---|---|---|---|
| L00049 | 703 | Tue Jun 22 | 281 | $1.30 | 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 | 00143937910 | MIDAZOLAM IN NA CHLORIDE 1 MG/ML VIAL EA | EA of 1 | $1.15 | 31 | $4,529 | stand-in |
| Cobalt Rx Distributors | CRX-36598 | MIDAZO 1 SDV 1CT | EA of 1 | $1.17 | 13 | $1,926 | stand-in |