Entries with the topic Optimize Inventory and Suppliers.
The Two Biggest Opportunities to Improve Profitability
Mar 1, 2017 by Edward L. Blach, DVM, MS, MBA
The two biggest opportunities to improve profitability in most practices are to reduce labor and inventory costs. Labor costs typically account for 30% to 50% of revenue in most practices, depending... [ Continue Reading ]
Topics: Featured 3 ,Optimize Inventory and Suppliers ,Supplier Wednesday
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Don’t give it away
Feb 22, 2017 by Edward L. Blach, DVM, MS, MBA
Practices should spend significant time and effort establishing and nurturing relationships with their key suppliers. These relationships, along with well-negotiated supplier agreements and close working relationships, will yield many... [ Continue Reading ]
Topics: Featured 3 ,Optimize Inventory and Suppliers ,Supplier Wednesday
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Key suppliers should be strategic partners
Feb 15, 2017 by Edward L. Blach, DVM, MS, MBA
Inventory and related services such as radiology, laboratory, and others is the second highest expense category in most veterinary practices. Typically, this category, known as Cost of Professional Services ... [ Continue Reading ]
Topics: Featured 3 ,Optimize Inventory and Suppliers ,Supplier Wednesday
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Inventory management impacts profitability and practice value
Feb 8, 2017 by Edward L. Blach, DVM, MS, MBA
Inventory and related services such as radiology costs, laboratory costs, and others, represent the second largest expense category in most veterinary practices. The category is known in the chart... [ Continue Reading ]
Topics: Featured 3 ,Optimize Inventory and Suppliers ,Supplier Wednesday
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Veterinary Study Groups - a special opportunity
Feb 1, 2017 by Edward L. Blach, DVM, MS, MBA
Veterinary Study Groups (VSG) is a remarkable program for the veterinary industry. It provides an opportunity for owners of veterinary practices that is unparalleled in many industries today. ... [ Continue Reading ]
Topics: Featured 3 ,Optimize Inventory and Suppliers ,Supplier Wednesday
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Is real-time, on demand inventory in our future?
Jan 25, 2017 by Edward L. Blach, DVM, MS, MBA
Inventory and related costs represent the second highest cost in most practices. Therefore, failure to properly manage inventory can drastically reduce profitability and practice value. With all of... [ Continue Reading ]
Topics: Featured 3 ,Optimize Inventory and Suppliers ,Supplier Wednesday
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Consolidation: its impact and opportunities
Jan 19, 2017 by Edward L. Blach, DVM, MS, MBA
There has been a lot of discussion about the impact of consolidation upon the future of veterinary medicine. The discussion has been very mixed in that some practice owners... [ Continue Reading ]
Topics: Featured 3 ,Optimize Inventory and Suppliers ,Supplier Wednesday
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More consolidation, more opportunity
Jan 11, 2017 by Edward L. Blach, DVM, MS, MBA
The announcement this week of Mars' purchase of VCA is another example of the consolidation happening in our industry. Media accounts have reported that the two companies, Banfield (owned... [ Continue Reading ]
Topics: Featured 3 ,Optimize Inventory and Suppliers ,Supplier Wednesday
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Consolidation impacts all of us
Jan 4, 2017 by Edward L. Blach, DVM, MS, MBA
All around us we see consolidation. It is a fact of life, and one that impacts all of us. What is consolidation, and how does it impact us? Consolidation... [ Continue Reading ]
Topics: Featured 3 ,Optimize Inventory and Suppliers ,Supplier Wednesday
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New Year’s resolution
Dec 28, 2016 by Edward L. Blach, DVM, MS, MBA
As we face a new year, it is a great time to assess and set goals to make improvements for the coming year. One area that can always provide... [ Continue Reading ]
Topics: Featured 3 ,Optimize Inventory and Suppliers ,Supplier Wednesday
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