Paper Tape, 1 in x 10 yd
Wound CareNon-essential, 90% service targetPrimary vendor Meridian Medical Supply, lead 1.5 days, ordered every 7 daysMMS-765643
Stock position
- On hand
- 1,462 roll20.6 days of supply
- On order
- 24 rollfirst arrives Tue Sep 15
- Forecast rate
- 70.8 roll/daynext 30 days
- Demand over 9 days
- 653 rolllead time plus review period
- Safety stock
- 52 rollempirical 90th percentile of forecast error
- Reorder point
- 705 rollabove
- Stockout
- Tue Oct 6
- Recommended order
- noneby Sat Oct 3
- Inventory value
- $804at $0.55 per roll
How the forecast was made
Exponential smoothing9% weekly error, over-forecast60% 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 9% on average (24% day by day), and it over-forecast by 8% overall. A same-weekday-last-week guess would have been off by 23%.
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-765643 | PAPER TAPE 1X10 YD BX/12 | BX of 12 | $0.49 | 12 | $2,190 | stand-in |
| Northwind Health Distribution | NW0934469 | Paper Tape, 1 in x 10 yd - 12/Bx | BX of 12 | $0.52 | 13 | $1,057 | stand-in |