IV Catheter, Safety, 20G x 1.16 in
IV TherapyVital, 99% service targetPrimary vendor Meridian Medical Supply, lead 1.5 days, ordered every 7 daysMMS-776690
Stock position
- On hand
- 1,525 each11.7 days of supply
- On order
- 0 eachnothing open
- Forecast rate
- 130.7 each/daynext 30 days
- Demand over 9 days
- 1,201 eachlead time plus review period
- Safety stock
- 158 eachempirical 99th percentile of forecast error
- Reorder point
- 1,359 eachabove
- Stockout
- Sat Sep 26
- Recommended order
- noneby Wed Sep 23
- Inventory value
- $2,211at $1.45 per each
How the forecast was made
Exponential smoothing12% weekly error, over-forecast13% worse 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 12% on average (24% day by day), and it over-forecast by 7% overall. A same-weekday-last-week guess would have been off by 10%.
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-776690 | IV CATH SFTY 20GX1.16 BX/50 | BX of 50 | $1.22 | 14 | $11,139 | stand-in |
| Northwind Health Distribution | NW7980604 | IV Catheter, Safety, 20G x 1.16 in - 200/Cs | CS of 200 | $1.30 | 13 | $4,666 | stand-in |
Northwind Health Distribution charges $1.2960 per each for this item; Meridian Medical Supply charges $1.2240. That is 6% more on about 14,600 each a year, or $1,051 a year.