One of the key assets a dental practice has is its inventory. On average, a dental practice will spend $85,000 on supplies per year. This asset is essential to the operations of the clinic but its management is often overlooked. This is due to the complications involved in managing inventory, which include:
Having to deal with multiple suppliers. A clinic on average will order supplies from 7-15 different suppliers. This makes it difficult to track what you've purchased, when you last purchased, and how much you spent.
Knowing where your inventory is stored
Understanding your supply levels
Inventory management is the practice of overseeing and controlling the ordering, storage, and use of an asset. Knowing how to deploy these assets is essential to the profitability of your business. At Sowingo, our goal is to bring the practice of inventory management to your clinic.
Our cloud-based solution allows your clinic to determine how much inventory you have on hand and who you last ordered from, all with a simple click of a button.
In addition, it provides you with a breakdown of how much you spend by supplier, providing you with vital negotiation power with suppliers.
Our mobile app allows your staff to add and remove inventory in real time. No longer will you have to wait for monthly inventory counts that become outdated as soon as they are completed. Download today and give it a try. Click here to download.
The best part is that you understand how your inventory is deployed, and when is the most suitable time to reorder helping you avoid overstocking and allowing you the advantage to optimize capital spend.
Empower your practice today with Sowingo. We will help manage your inventory over its life cycle.