Silicone Tape, 1 in x 5.5 yd
Wound CareNon-essential, 90% service targetPrimary vendor Meridian Medical Supply, lead 1.5 days, ordered every 7 daysMMS-932013
Stock position
- On hand
- 360 roll11.7 days of supply
- On order
- 24 rollfirst arrives Tue Sep 15
- Forecast rate
- 30.8 roll/daynext 30 days
- Demand over 9 days
- 281 rolllead time plus review period
- Safety stock
- 38 rollempirical 90th percentile of forecast error
- Reorder point
- 319 rollabove
- Stockout
- Sun Sep 27
- Recommended order
- noneby Wed Sep 23
- Inventory value
- $1,116at $3.10 per roll
How the forecast was made
Exponential smoothing10% 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 10% on average (25% day by day), and it showed no systematic bias. 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 windowroll/day
Projected on hand, roll: 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 roll | Invoices | 90-day spend | Pairing |
|---|---|---|---|---|---|---|---|
| Meridian Medical Supply | MMS-932013 | SIL TAPE 1X5.5 YD BX/12 | BX of 12 | $2.72 | 13 | $7,449 | stand-in |
| Summit Clinical Products | SC-611445 | SIL TAPE 1 5.5 YD 12BX | BX of 12 | $2.83 | 7 | $883 | stand-in |