By Nicole I. Clausen
Inventory Management for Veterinary Professionals PDF provides a thorough introduction to the logistics of effective and efficient veterinary inventory management. Designed for any employee of a veterinary practice, the book covers strategies and tactics for all major aspects of inventory management. It provides veterinary professionals with a practical roadmap for this key business operation, with stories drawing on the author’s experience to provide a real-world perspective.
Emphasizing both the ‘how’ and the ‘why’ of developing effective inventory management systems, it’s an indispensable tool for veterinary professionals at every level of practice. Taking a holistic approach to setting up, maintaining, and optimizing an inventory system, the book begins by describing the theory and strategies for inventory management, then discusses how to incorporate this knowledge into practice.
Inventory Management for Veterinary Professionals offers:
- Detailed discussion of topics including the flow of inventory through the practice, forecasting, ordering, troubleshooting, and more
- Advice on how to receive and restock, organize, price, and sell inventory
- Guidance on how to set up an inventory action plan
- A chapter on setting and executing inventory management protocols around controlled substances
- A companion website with additional tools, resources, and self-assessment questions
Inventory Management for Veterinary Professionals is ideal for any veterinary professional, including practice managers, receptionists, assistants, technicians, and practice owners.
Table of Contents
Preface Acknowledgments About the Companion Website
- Introduction to Inventory Management
- Training as an Inventory Manager
- Importance and Impact of Inventory Management
- Reassessing Inventory Systems
- Inventory Goals
- Mindsets for Inventory Management
- Role and Qualities of an Inventory Manager
- Creating and Engaging an Inventory Team
- Best Practices Recap
- Your Inventory Ecosystem and Flow of Inventory
- Understanding Inventory as an Ecosystem
- Flow of Inventory in Practice
- Communicating with Your Team
- Inventory Manager Spotlight
- Introduction to Demand Forecasting and Reorder Points
- Demand Forecasting and Purchase Planning
- Methods for Calculating Reorder Points
- Reorder Point Exceptions
- Calculating Reorder Quantity
- Economic Order Quantity
- Putting It All Together
- Efficient Ordering and Replenishment
- Ordering Process and Techniques
- Creating an Order Schedule
- Strategies for Navigating Backorders
- Utilizing Purchase Orders
- Special Purchasing Considerations
- Evaluating Vendors and Creating a Budget
- Receiving and Restocking Your Inventory
- Receiving Inventory
- Guidelines and Workflow for Receiving and Restocking
- Reconciling Errors and Optimizing Software
- Training Your Team
- Processing Invoices and Statements
- Organizing, Storing, and Protecting Your Inventory
- Importance of Tidy Inventory and Pharmacy
- Organizational Methods
- Protecting Inventory Investment
- Strategies for Safeguarding Inventory
- Strategic Pricing for Your Inventory
- Intersection of Practice Values and Pricing
- Introduction to Pricing Models
- Pricing Formulas and Examples
- Implementing Pricing Strategy
- Profit Goals and Adjusting Prices
- Selling and Consuming Your Inventory Appropriately
- Importance of Accurate Inventory Sales
- Leveraging Practice Management Systems
- Auditing Medical Records
- Using Barcodes and Dispensing Cabinets
- Keeping Systems Accurate
- Optimizing Your Inventory
- Evaluating Products and Items
- Cycle Counting
- Monitoring and Interpreting Discrepancies
- End-of-Year Counts
- Prioritizing Inventory
- Why the Wheels Come off the Bus and How to Fix It
- Identifying Out-of-Control Inventory
- Steps to Fix Inventory
- Maintaining Stock of Important Items
- You’re Brand New… Now What? How to Set Up Your Inventory
- Setting Up Inventory as a New Manager
- Starting a New Practice
- Creating an Inventory Action Plan
- Purchasing an Existing Practice
- Introduction to Controlled Substances
- Definition and Management of Controlled Substances
- Forecasting, Ordering, and Replenishment
- Storage Requirements
- Strategic Pricing
- Sales and Consumption Regulations
- Auditing and Reconciling Logs
- Maintaining Your Inventory
- Standard Operating Procedures
- Key Performance Indicators (KPIs)
- Creating a KPI Dashboard
- Inventory Turnover and Value On Hand
- Tracking Adjustments and Variances
Appendices References Index
