Managing Your Inventory

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Practicing Responsible Inventory Supply Management

Course Description

This four-hour course will provide participants with a knowledge of practical inventory management applications, actions, and goals that can IMMEDIATELY be implemented in a veterinary practice. Topics covered will include inventory management basics, inventory control methods, forecasting and purchasing formulas, deals, margins and mark-ups, and goal setting.

Course Objectives

To encourage participants to set goals and develop action plans that help your practice become more profitable
To familiarize participants with basic inventory management terminology and processes
To provide inventory controlling methods that help practices become more accountable for inventory and avoid shrink
To help participants identify key products where accurate forecasting is critical
To help participants recognize when a purchasing deal is a smart financial decision for a practice
To explain the difference between margins and mark-ups, and how to use them

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