Tourniquet, Disposable, Latex-Free
IV TherapyNon-essential, 90% service targetPrimary vendor Meridian Medical Supply, lead 1.5 days, ordered every 7 daysMMS-591497
Stock position
- On hand
- 3,662 each20.8 days of supply
- On order
- 250 eachfirst arrives Wed Sep 16
- Forecast rate
- 176.0 each/daynext 30 days
- Demand over 9 days
- 1,616 eachlead time plus review period
- Safety stock
- 223 eachempirical 90th percentile of forecast error
- Reorder point
- 1,839 eachabove
- Stockout
- Wed Oct 7
- Recommended order
- noneby Sun Oct 4
- Inventory value
- $439at $0.12 per each
How the forecast was made
Exponential smoothing11% weekly error, unbiased13% 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 11% on average (24% day by day), and it showed no systematic bias. 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-591497 | TOURN DISP LF BX/250 | BX of 250 | $0.11 | 13 | $1,565 | stand-in |
| Summit Clinical Products | SC-726991 | TOURN DISP LF 250BX | BX of 250 | $0.11 | 6 | $171 | stand-in |