IV Administration Set, 20 drop, 92 in
IV TherapyVital, 99% service targetPrimary vendor Meridian Medical Supply, lead 1.5 days, ordered every 7 daysMMS-083708
Stock position
- On hand
- 1,919 each17.8 days of supply
- On order
- 0 eachnothing open
- Forecast rate
- 107.6 each/daynext 30 days
- Demand over 9 days
- 993 eachlead time plus review period
- Safety stock
- 125 eachempirical 99th percentile of forecast error
- Reorder point
- 1,118 eachabove
- Stockout
- Fri Oct 2
- Recommended order
- noneby Tue Sep 29
- Inventory value
- $6,141at $3.20 per each
How the forecast was made
Exponential smoothing7% weekly error, unbiased47% 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 (20% day by day), and it showed no systematic bias. A same-weekday-last-week guess would have been off by 13%.
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-083708 | IV ADMIN SET 20 DROP 92 CS/50 | CS of 50 | $2.79 | 14 | $16,863 | stand-in |
| Northwind Health Distribution | NW1088173 | IV Administration Set, 20 drop, 92 in - 50/Cs | CS of 50 | $3.81 | 14 | $18,458 | stand-in |
Northwind Health Distribution charges $3.8058 per each for this item; Meridian Medical Supply charges $2.7873. That is 37% more on about 19,669 each a year, or $20,033 a year. No contract is on file for this Northwind Health Distribution line.