Silicone Border Dressing, 6 x 6 in
Wound CareEssential, 95% service targetPrimary vendor Meridian Medical Supply, lead 1.5 days, ordered every 7 daysMMS-865519
Stock position
- On hand
- 546 each21.6 days of supply
- On order
- 0 eachnothing open
- Forecast rate
- 25.3 each/daynext 30 days
- Demand over 9 days
- 231 eachlead time plus review period
- Safety stock
- 53 eachempirical 95th percentile of forecast error
- Reorder point
- 284 eachabove
- Stockout
- Tue Oct 6
- Recommended order
- noneby Fri Oct 2
- Inventory value
- $3,931at $7.20 per each
How the forecast was made
Exponential smoothing8% weekly error, under-forecast13% 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 8% on average (26% day by day), and it under-forecast by 7% overall. A same-weekday-last-week guess would have been off by 9%.
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-865519 | SIL BRDR DRSG 6X6 BX/5 | BX of 5 | $6.32 | 14 | $17,372 | stand-in |