IV Catheter, Safety, 24G x 0.75 in
IV TherapyEssential, 95% service targetPrimary vendor Meridian Medical Supply, lead 1.5 days, ordered every 7 daysMMS-599687
Stock position
- On hand
- 451 each10.1 days of supply
- On order
- 0 eachnothing open
- Forecast rate
- 44.8 each/daynext 30 days
- Demand over 9 days
- 412 eachlead time plus review period
- Safety stock
- 83 eachempirical 95th percentile of forecast error
- Reorder point
- 495 eachbelow: order now
- Stockout
- Thu Sep 24
- Recommended order
- 1 BXby Mon Sep 21
- Inventory value
- $677at $1.50 per each
How the forecast was made
Exponential smoothing14% weekly error, over-forecast19% 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 14% on average (25% day by day), and it over-forecast by 4% 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-599687 | IV CATH SFTY 24GX0.75 BX/50 | BX of 50 | $1.44 | 13 | $4,100 | stand-in |
| Northwind Health Distribution | NW7903596 | IV Catheter, Safety, 24G x 0.75 in - 50/Bx | BX of 50 | $1.46 | 13 | $1,819 | stand-in |