Saving Time and Cutting Costs (Managing your clinic’s inventory)

The twin keys to clinic profitability clinic are increasing revenues and reducing costs.  Let us address cost reduction – it can be achieved in several ways.  Some of these are:

1. Lower prices for clinic consumables, instruments and equipment
2. Saving time spent by your nurse in browsing catalogues, finding products, calling dealers, and ordering products
3. Managing inventory
4. Avoiding Over and under ordering

In this post, we address the task of Managing your clinic’s inventory.

A prominent dentist once told me that he believed tracking inventory in a dental clinic was impossible. This took me by surprise as every multinational I had worked for believed that inventory tracking was not only possible but essential.  We will talk about how to manage inventory in a later post.  Right now, I want to examine the question – why is it important to track inventory in a Dental Clinic?

1. Avoiding stock-outs and overstocking.  Both are harmful to your Clinics smooth, efficient running.  We will address this in detail in the next post.
2. Cost Control.  Knowing what you have, what you are ordering and what you are using helps to manage your costs and pinpoint areas for improvement and areas of wastage.
3. Better Deals.  Managing and planning your inventory gives you the ability to negotiate better deals with your suppliers.  Remember when you are an ad hoc buyer, your dealers do not have an incentive to offer you their best deals.

Now get all these advantages and benefits with just a mouse-click.  Visit www.smilesmith.dental and see your clinic productivity and profitability increase.

At www.Smilesmith.dental we are committed to helping you Save Time and Cut Costs

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