Inventory - A word most orthodontists see and think of as an unexciting, but necessary process. Inventory primarily means not running out of things, and as long as they have enough stock, they’re satisfied. While more and more may spend some time shopping or negotiating on the big ticket items like brackets and bands, but may think the rest is just a commodity purchase they can delegate to whoever in their office happens to have a little time.
The truth is, your Inventory has a significant impact on your bottom line, and all of the perceived “little things” add up very quickly. Many practices are making one or more critical mistakes in how they manage inventory that are costing them a lot of money every month. As competition for orthodontic patients continues to grow, orthodontists are focusing even more on controlling costs and running their practices more efficiently to increase margins and profit. Managing your inventory system and ordering is a powerful way to add to your practice’s bottom line. This webinar will help you identify and address the biggest mistakes your practice may be making with inventory.
After this lecture you will be able to:
Identify the mistakes in your own inventory process that are costing you more money than you realize;
Apply specific strategies to implement in your practice to maximize savings in both time and your bottom line;
Use the key components of an effective, cost-saving inventory system, so you have confidence that you’re getting the most for your money and know how to manage the process effectively.