Safety Lancet, 28G
Lab & SpecimenNon-essential, 90% service targetPrimary vendor Meridian Medical Supply, lead 1.5 days, ordered every 7 daysMMS-998032
Stock position
- On hand
- 8,122 each12.6 days of supply
- On order
- 0 eachnothing open
- Forecast rate
- 645.1 each/daynext 30 days
- Demand over 9 days
- 5,887 eachlead time plus review period
- Safety stock
- 353 eachempirical 90th percentile of forecast error
- Reorder point
- 6,240 eachabove
- Stockout
- Sun Sep 27
- Recommended order
- noneby Fri Sep 25
- Inventory value
- $650at $0.08 per each
How the forecast was made
Exponential smoothing7% weekly error, over-forecast26% 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 (22% day by day), and it over-forecast by 4% overall. A same-weekday-last-week guess would have been off by 10%.
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-998032 | SFTY LANCET 28G BX/200 | BX of 200 | $0.08 | 14 | $3,592 | stand-in |
| Northwind Health Distribution | NW0511258 | Safety Lancet, 28G - 200/Bx | BX of 200 | $0.07 | 12 | $1,376 | stand-in |
Meridian Medical Supply charges $0.0802 per each for this item; Northwind Health Distribution charges $0.0748. That is 7% more on about 181,689 each a year, or $983 a year. No contract is on file for this Meridian Medical Supply line.