Inventory Nation with Nicole Clausen - All Things Inventory Management for Veterinary Professionals

This episode of The Inventory Nation Podcast looks at veterinary practices through the prism of MBA best practices. Host Nicole Clausen interviews Drew Bartholomew, Chief Operating Officer at Vetcelerator, who is sharing new ways of measuring Costs of Goods Sold. With an MBA from The Wharton School, he is highlighting the business case for systematically tracking baseline factors that determine overall profit and loss.

As a primer, you might want to click here to listen to Episode 65 of Inventory Nation – which covers Everything You Ever Wanted to Know About COGS!

Inventory Ally, check out: www.inventoryally.com

For show notes, podcast information, and more, check out: www.vetlogic.co/podcast

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If you feel like your inventory is in chaos and every day brings more, this one’s for you! Host Nicole Clausen breaks down her comprehensive Inventory 911 Toolkit, a step-by-step blueprint to optimize your knowledge, strategy and confidence. You’ll learn what the course includes as well as the goals behind its design – the primary one being freedom. The Inventory 911 Toolkit course includes a variety of templates, spreadsheets videos and a workbook that will turn great ideas into actionable procedures.

Inventory Ally, check out: www.inventoryally.com

For show notes, podcast information, and more, check out: www.vetlogic.co/podcast

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Are you new to inventory management? Feeling overwhelmed? Can’t find the playbook that spells it all out? Check, check and check! Not to worry. Nicole Clausen, founder of Veterinary Care Logistics, has got you covered. On this episode of The Inventory Nation Podcast she is walking us through Five Things Every Inventory Manager Should Know (plus a very important bonus tip!).

The quickest way to build confidence in your role is to know the landscape you’re dealing with and Nicole’s step-by-step roadmap does exactly that. She covers the foundational elements of a highly effective inventory program, which include: defining parameters and figuring out variables in the system; creating a network of support for those tough days or tricky situations; and – perhaps most important of all – getting clear with your team about what’s expected of you right from the start. Once your role’s requirements have been well defined, you’ll know whether further explanation, training or support is necessary to set you up for success.

Clarity is king and Nicole is equipping you with a checklist to get there!

Inventory Ally, check out: www.inventoryally.com

For show notes, podcast information, and more, check out: www.vetlogic.co/podcast

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Are you staying ahead of price increases – especially in an economy where the cost of everything seems to be going up, up, up? On this episode of The Inventory Nation Podcast you’ll find out why it’s more important than ever to have systems in place to prevent three common pricing mistakes that can erode bottom-line revenue. Host Nicole Clausen, founder of Veterinary Care Logistics, is highlighting some of the sneakiest reasons inventory managers often feel like they’re scrambling – and still (quite literally) coming up short. She shares key strategies for keeping clinic operations running smoothly – and profitably – with protocols around things like receipt and processing of shipments, maintaining up-to-date practice management systems and setting up backstops for the inevitable pricing outliers and “special exceptions” that can trip us up. The good news is: Nicole has been there and knows what it takes to audit, analyze and help us incorporate gold standard operating procedures that ensure our veterinary inventory practices are optimized – and the headaches minimized!

Would you like to learn more about Inventory 911 Toolkit, the powerful step-by-step blueprint to help inventory managers to leverage knowledge and strategy with confidence? Click here!

You inquire about VCL’s remote consulting services by clicking here or join a free virtual neighborhood for inventory managers and other veterinary professionals by visiting this link.

ADDITIONAL RESOURCES:

• Veterinary Care Logistics: @Instagram
• Veterinary Care Logistics: Certified Veterinary Inventory Professional Program

ABOUT VCL:

Veterinary Care Logistics serves veterinarians and their teams who are frustrated that their current inventory system is not functioning correctly and are facing out of control inventory costs and improperly stocked hospitals. VCL helps veterinarians through inventory analysis, comprehensive step-by-step action plans, and thorough team member training. My clients experience great success and rave about my work because I roll up my sleeves and get dirty working with your hospital to improve your inventory as if it was my own hospital.

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FOLLOW OR CONTACT US:

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Does the thought of running out of a veterinary medicine or supply strike fear in your heart? Are you the sort of inventory manager who buys in excess “just in case”? If so, this episode of The Inventory Nation Podcast is for you! 

Chronically overstocking products not only reduces your practice’s efficiency, it also diverts resources better spent on things like equipment repair, new hires, or raises for the team. So the next time you look at your stockroom shelves and see bottles nearing expiration, imagine each of them containing dollar bills — because they do! 

Host Nicole Clausen is here to provide actionable tips to mitigate the paralyzing fear of running out, including ways to leverage billing reports, track data, implement backstop systems and create buffers that will make unnecessary overbuying a thing of the past!

Would you like to learn more about Inventory 911 Toolkit, our step-by-step blueprint to help inventory managers optimize knowledge, strategy and confidence? Click here!

You can also join our virtual neighborhood for inventory managers and other veterinary professionals for free by visiting this link.

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Is your inventory manager empowered to protect your bottom line? If not, then you’re leaving money on the table that could be used instead to grow the healthiest, most robust veterinary practice possible! This episode of the Inventory Nation Podcast focuses on all things COGS, which stands for Cost of Goods Sold.

Host Nicole Clausen, president and inventory expert at Veterinary Care Logistics, walks us through both definitions and available systems to identify exactly where your practice’s costs lie, which when it comes to COGS means anything related to caring for a patient. You’ll learn about a great (free!) resource for tracking exactly where these expenditures are and what percentage they represent of your revenue year over year.

Having a  methodology in place provides not only a vital measure of your practice’s financial health but also a means for reducing costs through lean, intentional, highly effective inventory practices. Wouldn’t you rather spend resources on compensating your dedicated team than wasting dollars on expired products, diversion, mischarges, and other inventory-related vulnerabilities? Listen to this episode, and you’ll know exactly why the answer is a resounding: Yes!

ADDITIONAL RESOURCES:

• American Animal Hospital Association: Chart of Accounts
• Veterinary Care Logistics: @Instagram
• Veterinary Care Logistics: Certified Veterinary Inventory Professional Program

ABOUT VCL:

Veterinary Care Logistics serves veterinarians and their teams who are frustrated that their current inventory system is not functioning correctly and are facing out of control inventory costs and improperly stocked hospitals. VCL helps veterinarians through inventory analysis, comprehensive step-by-step action plans, and thorough team member training. My clients experience great success and rave about my work because I roll up my sleeves and get dirty working with your hospital to improve your inventory as if it was my own hospital

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How can I avoid burnout and get more fulfillment from my career? That’s the golden question these days… Join me in this episode of the Inventory Nation Podcast as I welcome Josh Vaisman, MAPPCP, CCFP, to talk about navigating the challenges and hardships you face as a veterinary professional and how to truly thrive in your career.

For more information about Inventory Ally, check out: www.inventoryally.com
For show notes, podcast information, and more, check out: www.vetlogic.co/podcast

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Is the cost of goods sold at your practice feeling high and out of control?  In this episode, Nicole responds to some frequent questions about costs of goods sold. She discusses some of her strategies for keeping costs of goods in control. Nicole also shares the details of her inventory management software, Inventory Ally.

View more information and the show notes at: www.vetlogic.co/podcast

To learn more about Inventory Ally, visit inventoryally.com.

If you're looking for more inventory assistance, join the free Veterinary Inventory Strategy Network at www.veterinaryisn.com!

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In this episode of the Inventory Nation Podcast, Nicole and Emily Walker, an education consultant and curriculum specialist, walk through the Veterinary Inventory Professional (CVIP) certification program. They discuss the learning journey for the student and more behind the scene details. The VIP certification program opens for enrollment on April 25th.

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In this episode, Nicole discusses the benefits of accurate inventory in your practice management system and how it can help efficiently manage your inventory. She gives her favorite tips on best practices for optimizing your unique PiMS system.

For more information about Inventory Ally, check out: www.inventoryally.com

For show notes, podcast information, and more, check out: www.vetlogic.co/podcast

FOLLOW OR CONTACT US:

Website | LinkedIn | Facebook | Instagram