Nitrile Exam Gloves, Large, Powder-Free
PPENon-essential, 90% service targetPrimary vendor Meridian Medical Supply, lead 1.5 days, ordered every 7 daysMMS-969245
Stock position
- On hand
- 20,008 each13.2 days of supply
- On order
- 1,900 eachfirst arrives Wed Sep 16
- Forecast rate
- 1516.6 each/daynext 30 days
- Demand over 9 days
- 13,962 eachlead time plus review period
- Safety stock
- 1,679 eachempirical 90th percentile of forecast error
- Reorder point
- 15,642 eachabove
- Stockout
- Tue Sep 29
- Recommended order
- noneby Sat Sep 26
- Inventory value
- $1,701at $0.09 per each
How the forecast was made
Exponential smoothing6% weekly error, unbiased25% 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 6% on average (22% day by day), and it showed no systematic bias. A same-weekday-last-week guess would have been off by 8%.
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-969245 | NITRILE EXAM GLOVE LG PF BX/100 | BX of 100 | $0.08 | 13 | $6,920 | stand-in |
| Northwind Health Distribution | NW0550703 | Nitrile Exam Gloves, Large, Powder-Free - 1000/Cs | CS of 1,000 | $0.08 | 13 | $4,640 | stand-in |