One of the QUICKEST ways a veterinary practice can lose profit in a matter of only a few days, is by incorrectly tracking and managing inventory. It is vital to keep a close eye on veterinary inventory through management and control best-practice methods.
If set up correctly, veterinary inventory management and control can be a breeze, reordering is simple and never losing $$ for lack of inventory, missed or incorrect pricing including discounts and markups, will be a thing of the past.
Tips for BETTER Inventory Control
Update receiving, not just quantity. Updating the quantity of just one item doesn’t correctly reflect how inventory was received and match correctly to the true quantity of items. Go back into the Management tab, select receiving and update the item.
Cross reference inventory reports in Hippo Manager with the physical quantity of items on hand – weekly. Use the detailed reports for inventory under the reports area in Hippo Manager.
Streamline your processes in Hippo Manager: Bulk enter items, price, quantity and apply any discounts per item as many items at a time as needed. This allows you to input inventory item by item and submit to add to your inventory tracking within Hippo Manager, as well as print out a receipt (if needed) for accounting elsewhere or receipt generation as needed for working with distributors.
Use a veterinary practice management system that can track your inventory and provide detailed reports like Hippo Manager. Hippo Manager offers a free, no obligations trial so your veterinary practice can begin learning how to properly manage and track inventory. Start for free, here.
Total Veterinary Inventory Management – Learn How
Inside Hippo Manager, a complete inventory tracking, management and control system is built-in. Receiving inventory and using detailed reports for inventory is easy to use and simple to learn. Watch our most recent online training session on controlling inventory inside Hippo Manager. Sign up here, to join our free, regular twice monthly Tuesday training online sessions.
Contact us to set up your customized one-on-one training session with your veterinary practice staff to get a handle on inventory management, tracking and control inside Hippo Manager. We’re here to help! 877-819-0159