In this week’s blog, we feature an article from the small business section of the Houston Chronicle: Why Is Inventory Control Important?
The article focus on the following four points:
- Avoiding Stock Outs: Running out of an item, not only costs you money from missed sales, it can also make you lose customers for good.
- Overstock Hazard: Finding you have too much/many of certain items.
- Working Capital Issues: Too much precious cash tied up in operations.
- Manufacturer’s Angle: Running out of an essential ingredient or component can lead to a halt in manufacturer production. The resulting shortage can be extremely costly for you as the customer.
Maintaining your inventory, you might sometimes feel like you’re walking a tightrope.
Inventory management is essential to running a profitable clinic. Why should your dental practice be any different? We at Sowingo can help! Our cloud-based inventory management system can help combat all these issues and more, saving the average practice over $8,000 annually. If you want help growing the dental practice you have created, book a demo to learn more about Sowingo.