Why should practices keep track of inventory?

Poor inventory management leads to financial loss that most Practices do not quantify.

Here are just a few ways your Practice is losing money each month without having quality inventory management in place:

• Not having product on the shelf when a client is ready to purchase
• Having too much product that doesn’t sell
• Having to throw away expired items
• Running out of supplies, PPE, etc and having to pay a premium price at a local retail store for last minute replenishes
• Wasted employee time spent on manual, physical inventory counts
• Slower workflow due to manual entry of inventory used
• Data entry errors
• Buying stock when other locations have excess
• Lost tax write-offs due to incorrect inventory valuations
• Inability to track patients who received recalled product batches
• Theft

Because FlexScanMD enables their clients the highest level of inventory control, they save more money than it costs them for service.