Nitrile Exam Gloves, Medium, Powder-Free
PPENon-essential, 90% service targetPrimary vendor Meridian Medical Supply, lead 1.5 days, ordered every 7 daysMMS-412029
Stock position
- On hand
- 47,380 each22.3 days of supply
- On order
- 0 eachnothing open
- Forecast rate
- 2124.9 each/daynext 30 days
- Demand over 9 days
- 19,498 eachlead time plus review period
- Safety stock
- 2,669 eachempirical 90th percentile of forecast error
- Reorder point
- 22,167 eachabove
- Stockout
- Wed Oct 7
- Recommended order
- noneby Sun Oct 4
- Inventory value
- $4,027at $0.09 per each
How the forecast was made
Exponential smoothing7% weekly error, under-forecast60% 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 7% on average (22% day by day), and it under-forecast by 5% overall. A same-weekday-last-week guess would have been off by 17%.
actual forecast, 80% and 95% range what the model said during the report card windoweach/day
Projected on hand, each: today's stock plus open orders on their expected dates, minus the forecast, day by day.
Vendors and prices, last 90 days
| Vendor | Part number | Vendor description | Sells by | Paid per each | Invoices | 90-day spend | Pairing |
|---|---|---|---|---|---|---|---|
| Meridian Medical Supply | MMS-412029 | NITRILE EXAM GLOVE MED PF BX/100 | BX of 100 | $0.08 | 13 | $10,750 | stand-in |
| Northwind Health Distribution | NW7815444 | Nitrile Exam Gloves, Medium, Powder-Free - 1000/Cs | CS of 1,000 | $0.10 | 13 | $8,710 | stand-in |
Northwind Health Distribution charges $0.1037 per each for this item; Meridian Medical Supply charges $0.0785. That is 32% more on about 340,667 each a year, or $8,576 a year. No contract is on file for this Northwind Health Distribution line.