Today's Veterinary Business

DEC-JAN 2017

Today’s Veterinary Business provides information and resources designed to help veterinarians and office management improve the financial performance of their practices, allowing them to increase the level of patient care and client service.

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50 Today's Veterinary Business Merchandising Veterinary clinics are not im- mune to the end-of-year checklists. End-of-year inventory counts are near the top of the list. Nothing is more fun than counting 5-milli- gram prednisone tablets and find- ing that you still have 986 to go. And you are right — you will never get that 10 minutes back. The inventory at my practic- es is our second largest expense. Mismanaged, it can create financial headaches and cash-flow issues, leaving us wondering why our bot- tom line is, well, bottoming out. Now is the perfect opportunity to make some inventory resolutions for 2018. If we are able to reorganize, reset and reinvigorate our pharmacy and retail space, there is a good possi- bility we will find some additional money to put toward the bottom line, and that is our ultimate goal. While end-of-year inventory counts are self-explanatory, I want to take it a few steps further. Let's start with a usage review. By that I Another year is almost in the books and 2018 will be upon us quicker than you can say, "Merry Christmas and Happy New Year." Traditionally, the end of the year brings the holidays, celebrations with families and friends, and, of course, delicious foods and treats that have us packing on the pounds. It also brings a lot of work for the owners and managers of businesses. Merchandising SELLING POINTS Take stock of your inventory Resolve to do better in 2018 in determining the best product mix for your practice and how many of each to have on hand. By Brian Conrad, CVPM

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