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When it comes to managing Cost of Goods Sold, it’s critical to have a strategy for tracking and reducing expenditures – which is why our Veterinary Care Logistics community always has lots of questions on the topic! It’s also why we’re all about COGS on this episode of Inventory Nation when Host Nicole Clausen shares her step-by-step approach to securing your clinic’s all-important bottom line. We’re looking at how to define your clinic’s operational profile and understand the best practices necessary to put your team on solid ground.
It’s after that, says Nicole, that inventory managers can really start to dig deep and pinpoint why costs might be high, where adjustments to spending versus revenue can be made and how to bring your overall equation into perfect balance. Managing COGS isn’t just about trying to spend less! The Holy Grail of COGS combines both reducing expenditures and generating revenue for your entire veterinary clinic’s long-term bottom-line health. Get the overview of what factors determine your practice’s individual profile and which key performance indicators to track. Not for nothing, Nicole has been dubbed “the COGS Queen” by her admirers. Tune into this breakdown and you’ll know why – and be inspired to keep coming back for more!
Don’t forget that June 5th is Inventory Manager Appreciation Day! Celebrate that person who keeps things humming along at your veterinary practice – even if it means celebrating yourself!
Would you like to learn more about Inventory 911 Toolkit, our blueprint for helping 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.
MEET NICOLE CLAUSEN
Hi, I’m Nicole Clausen, and I started Veterinary Care Logistics with the dream of changing the way we manage inventory together.
With 15+ years of experience in the veterinary industry, I have worked in several positions from receptionist to operations manager for several different hospitals.
While no two practices are ever alike, I noticed one common problem: a lack of inventory management and control. If you are tasked with managing inventory, I understand first-hand the challenges you face.
When I first started managing inventory, I struggled with the same things that many of my clients experience: a to-do list up my chin and a pretty persistent case of imposter syndrome. But jolting awake in the middle of the night, wondering if you remembered to order rabies vaccines is no way to live.
I knew something had to change.
Veterinary Care Logistics was born out of the demand by several industry leaders to utilize my inventory system as a model throughout the country. Whenever I tell people what I do, I usually get a puzzled reaction: Why would you want to do that? I hate inventory!
Truthfully, I love the puzzles, the numbers, and the strategies of inventory. But what really sets my soul on fire is creating lightbulb moments.
New clients who often come to me tell me that they feel like they are drowning or that they think they are just not cut out for this. Then once we start working together, putting systems in place, theres always, always an ah-ha moment.
And at that moment, a shift occurs. You know exactly what you need to do. Your confidence rises. And the confusion, overwhelm, and worry all begin to melt away like a bad, backordered-rabies-vaccine dream.
These are the moments I live for.
LINKS + RESOURCES MENTIONED IN THE EPISODE
ADDITIONAL RESOURCES:
Veterinary Care Logistics: @Instagram
Veterinary Care Logistics: Certified Veterinary Inventory Professional Program
Veterinary Care Logistics: Consulting Services
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.
