1. Inventory Management
  2. Safety, Risk & Waste Management

Rate of Expired Items to Inventory Value

Percentage

This KPI measures the percentage of the inventory's value that consists of expired items. High percentages can indicate issues in turnover and obsolescence management.

Formula

(Value of Expired Inventory / Total Inventory Value) x 100

Example

If expired items are worth $5,000 out of a $100,000 inventory, the rate is 5%.