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 customer and including products used before leaving the farm.” – Eric Rooker, DVM
Source: BEEF, April 20, 2020. Link. Dr. Rooker’s 4 tips to managing inventory:
- Support your inventory manager
- Keep doctors involved
- Don’t sweat the small stuff
- Remember nobody is perfect
INSIGHTS: The information from the AABP survey noted, “. . . more than 70 percent of shrink was happening in the field, not at the clinic.” This reinforces my statement that “inventory management is a team sport.” <link>