Transparent IV Site Dressing, 2.375 x 2.75 in
IV TherapyEssential, 95% service targetPrimary vendor Meridian Medical Supply, lead 1.5 days, ordered every 7 daysMMS-053470
Stock position
- On hand
- 2,006 each11 days of supply
- On order
- 300 eachfirst arrives Mon Sep 14
- Forecast rate
- 181.7 each/daynext 30 days
- Demand over 9 days
- 1,661 eachlead time plus review period
- Safety stock
- 0 eachempirical 95th percentile of forecast error
- Reorder point
- 1,661 eachabove
- Stockout
- Fri Sep 25
- Recommended order
- noneby Wed Sep 23
- Inventory value
- $1,304at $0.65 per each
How the forecast was made
Exponential smoothing11% weekly error, over-forecast24% 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 11% on average (31% day by day), and it over-forecast by 10% overall. A same-weekday-last-week guess would have been off by 9%.
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-053470 | TRANSP IV SITE DRSG 2.375X2.75 BX/100 | BX of 100 | $0.61 | 12 | $6,622 | stand-in |
| Northwind Health Distribution | NW9217281 | Transparent IV Site Dressing, 2.375 x 2.75 in - 100/Bx | BX of 100 | $0.64 | 13 | $2,987 | stand-in |