Procedure Face Mask, Earloop, Level 2
PPEEssential, 95% service targetPrimary vendor Meridian Medical Supply, lead 1.5 days, ordered every 7 daysMMS-504578
Stock position
- On hand
- 23,205 each17.1 days of supply
- On order
- 900 eachfirst arrives Thu Sep 17
- Forecast rate
- 1359.8 each/daynext 30 days
- Demand over 9 days
- 12,480 eachlead time plus review period
- Safety stock
- 2,616 eachempirical 95th percentile of forecast error
- Reorder point
- 15,096 eachabove
- Stockout
- Fri Oct 2
- Recommended order
- noneby Mon Sep 28
- Inventory value
- $2,088at $0.09 per each
How the forecast was made
Exponential smoothing9% weekly error, under-forecast28% 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 9% on average (23% day by day), and it under-forecast by 9% overall. 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 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-504578 | PROC FACE MASK E/L LVL 2 BX/50 | BX of 50 | $0.08 | 13 | $5,987 | stand-in |
| Northwind Health Distribution | NW6865162 | Procedure Face Mask, Earloop, Level 2 - 500/Cs | CS of 500 | $0.08 | 12 | $2,652 | stand-in |
| Summit Clinical Products | SC-876623 | PROC FACE MASK E/L LVL 2 50BX | BX of 50 | $0.08 | 7 | $1,149 | stand-in |