Practice Management 101: Inventory Management

Veterinarians have many choices for drugs and diets to treat patients. Yet carrying every wonderful medication and diet that’s available ties up a lot of cash and creates confusion for the staff and for clients. We’ll discuss tips to effectively manage your inventory without running out of needed drugs and diets, learn the difference between margin and markup, calculate inventory turnover rates, and gain an understanding of how a weekly inventory budget will help reduce your in-house inventory costs. We’ll also review some simple steps for identifying opportunities to continue to grow revenue. Comprehensive Course Overview: Effective Inventory Management Inventory Costs Capture of Charges Redundancy/Overstocking Implementing LEAN Strategies to Reduce Redundancy/Overstocking Why an Online Pharmacy is a Necessity Boost Growth Through Patient Compliance and Medical Protocols Learners must complete a 3-hour On Demand Certificate course and pass a timed exam with a score of at least 70%.