Complimentary Commercial Content Beyond a good explanation of ABC inventory groupings, this article identifies two hidden inventory costs: ordering costs and holding costs. Ways to use an online pharmacy to help control costs and service clients using home delivery are also presented. Source: Vetsource. Link. INSIGHTS: Inventory management is an important role for … [Read more...]
Search Results for: inventory
Veterinary Care Logistics announces inaugural Inventory Manager Appreciation Day
Complimentary Content Nominations for the first Inventory Manager of the Year award open on June 7, 2023. Help Nicole spread the word to celebrate the work done by veterinary inventory managers. Inventory management is a crucial element of running a successful veterinary practice and the people in this role deserve a day to be celebrated!” – Nicole Clausen, CSSGB, CCFP, … [Read more...]
Free webinar: Secrets for optimizing inventory and reducing inventory costs
Complimentary Commercial Content Inventory is one of the top expenses in veterinary medicine. Managed and replenished frequently it is an asset. Manage it poorly and it becomes a liability.” – Kirk Augustine Veterinary Care Logistics’ founder Nicole Clausen is ready to share some secrets for optimizing veterinary hospital inventory and reducing inventory costs. She’ll … [Read more...]
Veterinary Inventory Professional certification program closes Friday, April 29th, midnight
Complimentary Commercial Content Trained inventory professionals make an ongoing, positive impact within a veterinary practice. They right size inventory costs and help to ensure patient care can thrive. Vet Logic’s new Veterinary Inventory Professional certification program promises to become a step-by-step roadmap to take action, create processes and establish systems … [Read more...]
Whip your PiMS inventory into shape
Join Nicole Clausen with VetLogic for a FREE 3-part workshop series. The training is for veterinary professionals who want to understand more about keeping their practice management system accurate and functional to keep better track of clinic inventories. The training will take place in the Veterinary Inventory Management Facebook group. For those not on Facebook, you can … [Read more...]
Nicole Clausen opens Inventory 911 Toolkit course
Complimentary Commercial Content Using her experiences and those of industry inventory managers, Nicole Clausen, CSSGB, CCFP, CVBL, has opened enrollment in the Inventory 911 Toolkit. The methods, tools and tips have helped countless inventory managers take the first step of getting their inventory under control. It is an inventory manager's go-to, step-by-step blueprint to … [Read more...]
Meeting inventory needs a year later
Opinion Looking ahead through July, can you trust purchase history and forecasts?” – Kirk Augustine ABSOLUTELY NOT! The pandemic shutdown began a year ago. Replenishment slowed to a near halt. Inventory items on hand were motionless until late May or June. Now a year later, our industry has adjusted through curbside services, tele-everything and animal owners have migrated … [Read more...]
Augustine, Clausen discuss inventory management on Inventory Nation podcast
Kirk Augustine has been following Nicole Clausen, CSSGB, CCFP, as she developed Veterinary Care Logistics. In ongoing communications, Clausen shared a current context that mirrored Augustine’s experiences in the late 1990s and early 2000s. Finding common ground, Clausen invited Augustine to be a guest on a recent Inventory Nation podcast. Clearly the lack of inventory … [Read more...]
Better inventory management is worth the effort
The current pandemic adjustments put inventory in motion in new ways. Alan Newport reviews inventory shrink in the context of a busy dairy practice. Shrink in this review has little to do with theft, rather it is caused by not recording inventory transferred to mobile units or not invoiced. . . . it's important the veterinarians form a habit of creating an invoice for the … [Read more...]
Part 2 – Inventory adjustments needed during disruptions
Feedback from our original post on inventory management is strong. AHD founder, Kirk Augustine offers an update to his original paper. He identifies supplier issues and resets to reorder points during a prolonged disruption period like we’re currently experiencing. Source: Animal Health Digest, April 16, 2020. < Link > At the four- to six-week point in a disruption … [Read more...]
Adjust inventory to account for supply chain disruptions
Original material from AHD The COVID-19 situation is stressing various supply chains. Adjustments to inventory management, especially for SKUS needed for caring for animals, will be critical for the foreseeable future. AHD founder, Kirk Augustine has helped develop and teach inventory management curricula for veterinary teams. He created a short inventory management paper … [Read more...]
Add margin verification to year-end inventory activities
As 2018 closes, many teams are getting ready for a full, year-end inventory count. Some have already completed cycle counts of key items. They’ve discovered duplications, hidden outdates and found things they forgot they had. Once the counts are done, computer records will require adjustment. As computer counts are reset, it is a good time to review the margin settings for … [Read more...]
5 problems with inventory—and ways to solve them
Nicole Clausen, CSGGB, brings inventory management back to basics and shares five problems and how to address them. Is your problem “too much” or “not enough”? Is your problem “too many”? Is your problem “too price-y”? Is your problem “not enough info”? Is your problem “not enough money”? Source: VETTED, October 17, 2018. Link. Inventory is like a … [Read more...]
Take stock of your inventory
Inventory is frequently the second-largest expense in veterinary practices. Now that year-end counts are completed and new promotions are launched, it is a good time to review Brian Conrad’s approach to getting inventory under control. He takes a pragmatic approach to eliminating duplications, applying usage reports and establishing parameters for stocking top items. He also is … [Read more...]
4 tips to manage parasiticide inventory
As colder weather sets in and year-end total inventory looms, parasiticides need to be looked at strategically. Use history, inventories on hand and trends to allow for the proper adjustments to reorder points and quantities. Sarah Wooten, DVM, shares tips to get a handle on parasiticides and other inventory items since the holidays often reduce client traffic. Source: … [Read more...]
10 inventory myths and mistakes
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 … [Read more...]
Editorial – It may be time for vendor-managed inventory
Dr. Blach presses the thinking envelope again. He asserts that vendor-managed and potentially vendor-owned inventory may be closer than we think. It is hard to imagine how this could happen since most practices and retailers cannot replenish inventory today based on a running forecast. Vendor-managed inventory would theoretically eliminate stock-outs, but integrating … [Read more...]
Inventory availability critical to distributor relationships
Eric Jensen shares his thoughts on how customers value distribution based on a survey of wholesale distributors. The results place inventory availability nearly as important as relationships. Technical support ranked third, while delivery time and price ranked fourth and fifth, respectively. Source: Industrial Distribution, August 12, 2016. If you are a distributor, while … [Read more...]
How certified veterinary support personnel improve equine practices
Some equine veterinary practices thrive by strategically deploying crucial support provided by veterinary technicians and veterinary assistants. Haylie Kerstetter shares takeaways from a panel discussion about it at the 2023 AAEP convention. Source: The Horse, March 29, 2024. Link. Veterinarians should create relationships with clients and establish their technicians as … [Read more...]
Winter break? Not for parasites or control plans.
Commercial Content Some ectoparasitism slows in winter but parasites such as mites and lice prefer the cooler time of the year, writes Elanco’s David L. Prentice, DVM, MS. He reviews the five primary types of mites in cattle, two types of lice and offers tips for effective mitigation and control of mange and lice. Source: Progressive Dairy, January 19, 2024. … [Read more...]
CattleFax forecasts continued producer profitability
Profitable cattle production is always a pleasant thought. However, the downside for animal health pros will be the smallest beef cow inventory in the last 50 years. CattleFax says herd expansion will likely be delayed once again due to factors of uncertainty including drought. Source: Feedstuffs, February 2, 2024. Link. Also see: Drought’s heavy impact on decline of … [Read more...]
Wallet share is growing in Chewy’s autoship customer segment. Yes, wallet share!
Commentary The paradox of pet owner spending remains perplexing. However, Chewy’s successes show the convenience of sourcing a wide range of inventory online and a growing comfort with the services. On one hand, nearly two-thirds of pet owners say inflation has made it more difficult to pay a surprise vet bill and they’re nervous about rising prices of vet costs, … [Read more...]
Worth a Glance – November 2, 2023
Last week’s AHD Bulletin – Animal Health Digest Bulletin, October 26, 2023. Link. Most read post(s) from the October 26th AHD Bulletin – The customer experience is the sales experience. Link. Body language. Link. How to know when it’s time to switch jobs. Link. Placekeeper: 2023 Veterinary Conferences provided by Galaxy … [Read more...]
Reduce prednisone and prednisolone confusion
Complimentary Educational Content Elaine Blythe, Pharm D discusses glucocorticoids and why prednisolone is used for horses and cats. She also shares an inventory management tip to keep the skus from getting confused. Source: Veterinary Pharmacy Education, Instagram, August 29, 2023. Link. … [Read more...]
Health economist; increasing number of drugs in short supply (video)
No drugs at any price? Geoffrey Joyce, PhD, believes the escalating drug shortage problem illustrates a major shortcoming of capitalism. He says the problem boils down to the nature of the pharmaceutical industry and how differently the markets for brand and generic drugs operate. Current shortages include widely known drugs such as the antibiotic amoxicillin; the heart … [Read more...]
Yellow’s exit predicted to raise overall shipping rates
Commentary The cost of fulfillment is a considerable factor in what veterinary clinics and retailers pay at the point of sale especially when measured as a percent of net income versus gross sales. In recent weeks we have urged animal health pros to consider improving replenishment planning, adjust inventory levels and to better understand how the cost of moving products … [Read more...]
Kudos for Texas A&M University Veterinary Emergency Team’s pop-up vet clinic results
A free pet clinic manned by a staff of about 80 was part of the annual Operation Border Health Preparedness in the Rio Grande Valley of Texas. It is a sparsely populated area and one of the more economically-distressed regions where high unemployment rates and low per capita income make the expense of pet care hard to meet. One thousand, twenty-two house pets, mostly dogs, … [Read more...]
Cattle report shows no herd rebuilding in sight
Commentary Beef may be what’s for dinner, but the beef replacement heifer inventory is the lowest in 50 years. For animal health pros working with beef producers, this is not a budgetary forecast disaster. There is a long-standing segment of the market that avoids the use of vaccines and preventatives. Now is the time to help producers optimize the value of each living … [Read more...]
Customer trust in supply chains overestimated
Commentary Last week we urged veterinary clinics to consider adjusting their quantities on hand and reorder points ahead of the possibility of a UPS strike <Link>. While the strike appears to have been averted <Link>, our assertions were based on information similar to that shared in this article. Many of the Covid-19 pandemic-era supply chain challenges remain … [Read more...]
UPS is preparing contingencies ahead of looming strike. ARE YOU?
Commentary The impending UPS strike is a signal for veterinary hospitals to plan ahead. While we can hope the strike ends without delivery disruptions, adjusting inventory levels sooner rather than later is a solid strategy ahead of the August 1st strike date. For “A” and “B” products critical to day-to-day functions, moving reorder points to create a 30-day to 45-day … [Read more...]