Abdominal (ABD) Pad, 8 x 10 in, Sterile
Wound CareNon-essential, 90% service targetPrimary vendor Meridian Medical Supply, lead 1.5 days, ordered every 7 daysMMS-991911
Stock position
- On hand
- 14,534 each161.5 days of supply
- On order
- 0 eachnothing open
- Forecast rate
- 90.0 each/daynext 30 days
- Demand over 9 days
- 823 eachlead time plus review period
- Safety stock
- 193 eachempirical 90th percentile of forecast error
- Reorder point
- 1,016 eachabove
- Stockout
- not projected
- Recommended order
- none
- Inventory value
- $4,360at $0.30 per each
How the forecast was made
Exponential smoothing12% 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 12% 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-991911 | ABD (ABD) PAD 8X10 STRL BX/18 | BX of 18 | $0.25 | 14 | $1,643 | stand-in |
| Northwind Health Distribution | NW1281995 | Abdominal (ABD) Pad, 8 x 10 in, Sterile - 288/Cs | CS of 288 | $0.27 | 11 | $845 | stand-in |