Phil Zeltman, DVM, tackles 10 myths and mistakes about inventory. Of his 10, these are true in almost every practice or inventory dependent business:
- Being reactive rather than proactive
- I know how much of each product we need
- Not having someone in charge
Source: Veterinary Practice News, March 27, 2017.
Having more inventory than needed costs your veterinary practice money, not only to buy the products but also to manage them. Whether you use low-tech or high-tech techniques, it is critical to your bottom line to closely manage your inventory.
INSIGHTS: Sales reps can help practices with forecasting from purchase histories, with eliminating duplications and with managing the value of a bundling offer.