Surgical Gown, Sterile, Reinforced, Large
SurgicalEssential, 95% service targetPrimary vendor Meridian Medical Supply, lead 1.5 days, ordered every 7 daysMMS-642364
Stock position
- On hand
- 472 each9.6 days of supply
- On order
- 30 eachfirst arrives Wed Sep 16
- Forecast rate
- 49.0 each/daynext 30 days
- Demand over 9 days
- 468 eachlead time plus review period
- Safety stock
- 14 eachempirical 95th percentile of forecast error
- Reorder point
- 481 eachabove
- Stockout
- Thu Sep 24
- Recommended order
- noneby Tue Sep 22
- Inventory value
- $3,021at $6.40 per each
How the forecast was made
Exponential smoothing7% weekly error, over-forecast12% 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 (24% day by day), and it over-forecast by 5% overall. A same-weekday-last-week guess would have been off by 8%.
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-642364 | SURG GOWN STRL REINF LG CS/30 | CS of 30 | $6.02 | 14 | $25,471 | stand-in |
| Summit Clinical Products | SC-171359 | SURG GOWN STRL REINF LG 30CS | CS of 30 | $6.24 | 7 | $2,994 | stand-in |