Enteral Feeding Bag Set, 1000 mL
Stock position
- On hand
- 237 each12.6 days of supply
- On order
- 0 eachnothing open
- Forecast rate
- 18.9 each/daynext 30 days
- Demand over 9 days
- 173 eachlead time plus review period
- Safety stock
- 18 eachempirical 95th percentile of forecast error
- Reorder point
- 190 eachabove
- Stockout
- Sun Sep 27
- Recommended order
- noneby Thu Sep 24
- Inventory value
- $972at $4.10 per each
How the forecast was made
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 (29% day by day), and it showed no systematic bias. A same-weekday-last-week guess would have been off by 8%.
Report card, week by week
| Week of | Used | Forecast | Error | Error % |
|---|---|---|---|---|
| Tue Jul 21 | 140 | 131 | -9 | 6% |
| Tue Jul 28 | 106 | 131 | +25 | 24% |
| Tue Aug 4 | 131 | 131 | 0 | 0% |
| Tue Aug 11 | 142 | 131 | -11 | 8% |
| Tue Aug 18 | 122 | 131 | +9 | 7% |
| Tue Aug 25 | 121 | 131 | +10 | 8% |
| Tue Sep 1 | 143 | 131 | -12 | 8% |
| Tue Sep 8 | 131 | 131 | 0 | 0% |
| All 8 weeks | 1,036 | 1,052 | +16 | 1% |
Weekly totals in each. Error is forecast minus what was used, so a positive number means the model ran high. This window was hidden from the model when it was fit.
Demand forecast
last 180 days and the next 30The model only knows the usage history. If you know something it does not, a coming surge, a new service line, a product being dropped, adjust the forecast and the stock math follows.
Projected on hand
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-859588 | ENT FEED BAG SET 1000 ML CS/30 | CS of 30 | $3.83 | 12 | $4,372 | AI 0.79 |
| Northwind Health Distribution | NW8192561 | Enteral Feeding Bag Set, 1000 mL - 30/Cs | CS of 30 | $4.26 | 14 | $2,428 | AI 1.00 |
Northwind Health Distribution charges $4.2594 per each for this item; Meridian Medical Supply charges $3.8350. That is 11% more on about 2,312 each a year, or $981 a year. No contract is on file for this Northwind Health Distribution line.