IV Start Kit with Chlorhexidine
IV TherapyEssential, 95% service targetPrimary vendor Meridian Medical Supply, lead 1.5 days, ordered every 7 daysMMS-002002
Stock position
- On hand
- 1,876 each19.5 days of supply
- On order
- 0 eachnothing open
- Forecast rate
- 96.0 each/daynext 30 days
- Demand over 9 days
- 882 eachlead time plus review period
- Safety stock
- 118 eachempirical 95th percentile of forecast error
- Reorder point
- 999 eachabove
- Stockout
- Sun Oct 4
- Recommended order
- noneby Thu Oct 1
- Inventory value
- $4,502at $2.40 per each
How the forecast was made
Exponential smoothing7% weekly error, unbiased0% 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 (25% day by day), and it showed no systematic bias. A same-weekday-last-week guess would have been off by 7%.
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-002002 | IV START KIT CHG CS/50 | CS of 50 | $2.14 | 15 | $16,730 | stand-in |
| Northwind Health Distribution | NW6192371 | IV Start Kit with Chlorhexidine - 50/Cs | CS of 50 | $2.32 | 13 | $6,045 | stand-in |
Northwind Health Distribution charges $2.3249 per each for this item; Meridian Medical Supply charges $2.1448. That is 8% more on about 10,544 each a year, or $1,899 a year.