Practice Management: Four Critical Factors in Managing Inventory Turnover

Inventory costs consume more than 20 percent of the typical veterinary practice's revenue, according to the Inside Practice blog at Patterson Veterinary.

A recent Inside Practice blog post points out that inventory management should result in a practice having a financially sound revenue center in its pharmacy, one that should boost cash flow rather than hinder it.

A key to achieving this goal is proper management of inventory turnover. The blog post covers four critical factors:

• how to calculate turnover, 
• how to evaluate it, 
• how to leverage it and 
• the financial effects of unhealthy vs. healthy turnover.

Learn more.