Mastering Inventory: Strategies to Slash Costs and Optimize Pricing in Veterinary Practices

In today’s unpredictable economy, veterinary practices are under immense pressure to maintain profitability amid inflation, supply chain disruptions, and changing client expectations. Rising costs, uncertain supplier availability, and manual processes have turned inventory inefficiencies into serious financial threats. This session explores how smart inventory management isn’t just a cost-cutting measure – it’s a strategic opportunity to build resilience and unlock profitability.

In this webinar, you’ll learn how to protect your bottom line by adopting a just-in-time inventory approach, setting realistic and strategic COGS targets, and using real-time data to make better purchasing decisions. We’ll also explore flexible pricing models that align with today’s economic conditions, helping your practice maintain profitability without compromising on care.

Discover strategies to save time, cut waste, and make confident decisions even in uncertain times. Walk away with a practical framework to strengthen your operations and thrive – regardless of what the market throws your way.

LEARNING OBJECTIVES

Understand the fundamental principles of inventory management and its impact on financial performance.
Learn about the tools and technologies available to streamline inventory management.
Analyze the components of Cost of Goods Sold (COGS) and their influence on overall practice profitability and fee structure.
Evaluate various pricing models, their suitability for different products and services within the practice, and how they support long-term financial goals.
Apply inventory management techniques to manage and control inventory costs based on financial analysis.
Create an actionable plan for setting COGS targets and optimizing inventory processes.

This program has been RACE approved (20-1269926) for 1 hour of continuing education credit for veterinarians and veterinary technicians/technologists in jurisdictions that recognize RACE approval. This program has been approved by the Veterinary Hospital Managers Association (VHMA) for 1 hour of CVPM CE credit (25-37).

Your Experts

Nicole Clausen, CSSGB, CCFP, CVBL, Owner & Consultant at Veterinary Care Logistics and Co-Founder of Inventory Ally

Nicole Clausen is a seasoned expert in the veterinary industry with nearly 20 years of experience, including over a decade in small animal practice. Starting her career as a receptionist and working her way up to Operations Manager, Nicole developed a deep understanding of the complexities of successful veterinary clinics. In 2017, she founded Veterinary Care Logistics, a consulting firm specializing in veterinary inventory management, where she has since helped hundreds of practices nationwide develop sustainable inventory systems.

Nicole is the creator of the Certified Veterinary Inventory Professional® (CVIP) program, the first certification of its kind, and hosts the popular Inventory Nation podcast, which boasts over 100 episodes. She is also the author of Inventory Management for Veterinary Professionals and co-founder of Inventory Ally, an innovative inventory management software. Through her work, she has spearheaded initiatives such as Veterinary Inventory Manager Appreciation Day and the Veterinary Inventory Manager of the Year award. As a speaker, coach, and educator, Nicole is dedicated to empowering veterinary teams with the tools they need to thrive.

Emmitt Nantz, MBA, Co-Founder of Inventory Ally

Emmitt Nantz has been part of the veterinary family for nearly two decades and is driven by a personal mission to make the veterinary domain better. Emmitt spent 12 years working at Banfield, starting out as a single-site hospital manager. Having majored in agriculture business management, he expanded his education to include an MBA, a Black Belt in Six Sigma, and a Project Management Certification.

Emmitt applied these learnings at Banfield and later as a Chief Operating Officer at SmartFlow where he helped hundreds of practices improve their operations. In pursuit of his passion for workflow optimization, Emmitt honed his expertise in a critical area that often plagues hospitals’ bottom lines – inventory management. He co-founded Inventory Ally, an all-in-one cloud software designed to help veterinary professionals reduce inventory costs, streamline processes, and save time.