Surgical Gloves, Sterile, Latex-Free, 7.5
SurgicalEssential, 95% service targetPrimary vendor Meridian Medical Supply, lead 1.5 days, ordered every 7 daysMMS-349117
Stock position
- On hand
- 1,013 pair10.2 days of supply
- On order
- 0 pairnothing open
- Forecast rate
- 99.2 pair/daynext 30 days
- Demand over 9 days
- 942 pairlead time plus review period
- Safety stock
- 102 pairempirical 95th percentile of forecast error
- Reorder point
- 1,043 pairbelow: order now
- Stockout
- Thu Sep 24
- Recommended order
- 1 BXby Mon Sep 21
- Inventory value
- $1,165at $1.15 per pair
How the forecast was made
Exponential smoothing10% weekly error, unbiased37% 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 (24% day by day), and it showed no systematic bias. A same-weekday-last-week guess would have been off by 15%.
actual forecast, 80% and 95% range what the model said during the report card windowpair/day
Projected on hand, pair: 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 pair | Invoices | 90-day spend | Pairing |
|---|---|---|---|---|---|---|---|
| Meridian Medical Supply | MMS-349117 | SURG GLOVE STRL LF 7.5 BX/50 | BX of 50 | $1.15 | 14 | $10,899 | stand-in |
Contract C0108 with Meridian Medical Supply expired on 2026-07-01. Since then the hospital has paid list price, $58.83 per BX against the former contract price of $53.33: 10% more, about $3,094 a year.