Entries with the topic Supplier Wednesday.
Build a team of supplier partners
Dec 21, 2016 by Edward L. Blach, DVM, MS, MBA
Every practice has a short list of primary supplier needs to optimize the practice. They may not have formalized their list by writing it down and prioritizing suppliers, but... [ Continue Reading ]
Topics: Featured 3 ,Optimize Inventory and Suppliers ,Supplier Wednesday
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Margins are narrow, manage inventory wisely
Dec 14, 2016 by Edward L. Blach, DVM, MS, MBA
Consolidation and competition at all levels of the veterinary industry are reducing margins for all stakeholders. When you are forced to accept smaller margins in your business due to... [ Continue Reading ]
Topics: Featured 3 ,Optimize Inventory and Suppliers ,Supplier Wednesday
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Educate your heavy lifters
Dec 7, 2016 by Edward L. Blach, DVM, MS, MBA
Approaching year-end, it is important to build your budget for next year. In your budgeting process, remember to include plans and funds to edcuate your heavy lifters. Heavy... [ Continue Reading ]
Topics: Featured 3 ,Optimize Inventory and Suppliers ,Supplier Wednesday
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At year-end, review and optimize your supplier agreements
Nov 30, 2016 by Edward L. Blach, DVM, MS, MBA
Be careful with those year-end buying opportunities, as they may not always be good for your practice. Buying large volumes to fulfill a year-end sales objective brings some risk... [ Continue Reading ]
Topics: Featured 3 ,Optimize Inventory and Suppliers ,Supplier Wednesday
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Set reorder levels and use alerts for reordering
Nov 23, 2016 by Edward L. Blach, DVM, MS, MBA
Inventory management doesn't have to be difficult. It represents approximately 20% of revenue in the average healthy practice, and it impacts practice value dramatically, especially if it's not... [ Continue Reading ]
Topics: Featured 3 ,Optimize Inventory and Suppliers ,Supplier Wednesday
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Early warning systems
Nov 16, 2016 by Edward L. Blach, DVM, MS, MBA
The intent of management should be to accomplish the objectives of the business. It is assumed that those objectives include most of the following: achieving exemplary customer satisfaction and... [ Continue Reading ]
Topics: Featured 3 ,Optimize Inventory and Suppliers ,Supplier Wednesday
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Five immediate steps to begin to secure your inventory
Nov 9, 2016 by Edward L. Blach, DVM, MS, MBA
Where do I begin? This is a frequent question asked by practice owners who know they need to address their inventory costs, but who don't know how to... [ Continue Reading ]
Topics: Featured 3 ,Optimize Inventory and Suppliers ,Supplier Wednesday
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What is your distributor selling?
Nov 2, 2016 by Edward L. Blach, DVM, MS, MBA
What is your distributor selling? Distributors by their name, provide services related to making available products and services that you need to run your practice and to provide exemplary... [ Continue Reading ]
Topics: Featured 3 ,Optimize Inventory and Suppliers ,Supplier Wednesday
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My practice is different
Oct 26, 2016 by Edward L. Blach, DVM, MS, MBA
Frequently, when discussing practice financials and metrics with practice owners, the statement, "my practice is different" is spoken when the topic of implementing the 40/20 rule in management practice cost centers. ... [ Continue Reading ]
Topics: Featured 3 ,Optimize Inventory and Suppliers ,Supplier Wednesday
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Is your ‘check engine’ light on?
Oct 19, 2016 by Edward L. Blach, DVM, MS, MBA
A typical scenario is that a practice thinks they have proper inventory controls in place and one day they learn that their profitability just isn't what they think it... [ Continue Reading ]
Topics: Featured 3 ,Optimize Inventory and Suppliers ,Supplier Wednesday
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