Hypodermic Needle, 25G x 1 in, Safety
Injection & SharpsEssential, 95% service targetPrimary vendor Meridian Medical Supply, lead 1.5 days, ordered every 7 daysMMS-462865
Stock position
- On hand
- 8,261 each23.4 days of supply
- On order
- 0 eachnothing open
- Forecast rate
- 353.0 each/daynext 30 days
- Demand over 9 days
- 3,248 eachlead time plus review period
- Safety stock
- 390 eachempirical 95th percentile of forecast error
- Reorder point
- 3,637 eachabove
- Stockout
- Thu Oct 8
- Recommended order
- noneby Mon Oct 5
- Inventory value
- $578at $0.07 per each
How the forecast was made
Exponential smoothing11% weekly error, under-forecast32% 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 under-forecast by 4% overall. A same-weekday-last-week guess would have been off by 16%.
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-462865 | HYPO NDL 25GX1 SFTY BX/100 | BX of 100 | $0.06 | 14 | $1,606 | stand-in |
| Northwind Health Distribution | NW4133941 | Hypodermic Needle, 25G x 1 in, Safety - 100/Bx | BX of 100 | $0.06 | 14 | $655 | stand-in |