Secrets the Best Inventory Managers Know

“Secrets the Best Inventory Managers Know” is a deep dive into the essential strategies that top veterinary inventory managers use to maintain a thriving practice. In this presentation, we will explore the delicate balance between having enough stock to provide excellent patient care and avoiding the financial pitfalls of overstocking. Through proven systems and processes, you’ll learn how to transform your inventory from a source of chaos into a well-oiled machine that supports both the health of your patients and your practice.

Check out veterinary inventory resources here.

1. Understand the Critical Role of Inventory Management: Recognize the importance of inventory management in the overall success of a veterinary practice and how it impacts patient care and financial health.

2. Implement Demand Forecasting and Reorder Points: Learn how to use demand forecasting and set reorder points to ensure you always have the right items in stock without over-ordering.

3. Benefit from Cycle Counting: Discover the benefits of cycle counting as a method to keep your inventory accurate and reliable.

4. Establish Effective Systems and Processes: Learn how to create and implement systems and processes that will turn your inventory into a smoothly running operation.

5. Maximize Your Practice Management System (PMS) Software: Explore how to leverage your Practice Management System software to enhance your inventory management and streamline operations.

Nicole Clausen, CSSGB, CCFP has over 15 years of experience in the veterinary industry with 10 years in small animal practice. She worked her way up from receptionist to Operations Manager in various clinics and understands the intricacies and internal workings of a successful practice. She now is the founder and consultant at Veterinary Care Logistics, a consulting firm specializing in inventory management for veterinary professionals.

Since its inception, Nicole and Veterinary Care Logistics have helped hundreds of veterinary practices, from coast to coast, create sustainable, lasting inventory management strategies in their veterinary practices. 

Nicole Clausen is also the founder of the Veterinary Inventory Strategy Network, a community and educational platform dedicated to inventory management, the host of the Inventory Nation Podcast, the creator of the Certified Veterinary Inventory Professional program, the first-ever certification for inventory managers, and a regular speaker on inventory management.

5:43 Intro
7:50 Why is veterinary inventory important?
11:20 The cycle of veterinary inventory
13:00 Why you shouldn’t rely on the ‘want book’ to know what’s low
13:50 How to compile your order
17:20 Reorder points for veterinary practices
25:50 Reorder tags
27:03 How can you make reorder points happen?
29:39 Reorder tag examples
32:00 What is cycle counting and why does it matter?
38:39 Inventory management systems
45:48 What’s possible with your practice management system
47:43 Why is your PIMS inaccurate?
52:13 Summary and Q+A