IV Extension Set, 7 in, Needleless
IV TherapyEssential, 95% service targetPrimary vendor Meridian Medical Supply, lead 1.5 days, ordered every 7 daysMMS-572964
Stock position
- On hand
- 3,414 each21.5 days of supply
- On order
- 0 eachnothing open
- Forecast rate
- 158.6 each/daynext 30 days
- Demand over 9 days
- 1,458 eachlead time plus review period
- Safety stock
- 252 eachempirical 95th percentile of forecast error
- Reorder point
- 1,710 eachabove
- Stockout
- Tue Oct 6
- Recommended order
- noneby Sat Oct 3
- Inventory value
- $3,755at $1.10 per each
How the forecast was made
Exponential smoothing13% weekly error, over-forecast15% 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 13% on average (27% day by day), and it over-forecast by 6% 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-572964 | IV EXT SET 7 NDLS CS/100 | CS of 100 | $1.01 | 14 | $10,273 | stand-in |
| Northwind Health Distribution | NW4904651 | IV Extension Set, 7 in, Needleless - 100/Cs | CS of 100 | $1.05 | 13 | $4,426 | stand-in |