A few months back, The Progressive Orthodontist ran a story about maximizing your practice’s profitability through inventory management.
I have identified many ways to manage inventory more effectively and reduce costs. And you can’t just focus on the big stuff. The little things add up very quickly in Orthodontic practices but are typically given little attention, which can cost you big. Following are five easy but effective tips to better manage your inventory.
There’s some good information in the story that every orthodontist should consider. However, there are two places the article comes up a little short. Continue reading “Supply Side Economics for Your Orthodontic Practice”
MidAtlantic Orthodontics, Inc.
1008 Industrial Drive, Suite D
West Berlin, NJ 08091
MidAtlantic Orthodontics Introduces
Orthodontics On .Command
West Berlin, NJ (February 5, 2017) – MidAtlantic Orthodontics, a full service provider of high quality products and service solutions is pleased to announce the introduction of their new E-Commerce platform that now affords orthodontic practices a convenient and efficient way to access all of the supplies and inventory information they need to run and grow their business. More than just online ordering, MAO now provides a user-friendly way to place, track, and store purchase and ordering history with just a click of a button.
“Imagine not having to wait for a visit from your sales representative, or to buy more than you need from a stock up promotion, or to calculate complicated pricing programs,” asks Tony Prusich, President of MidAtlantic Orthodontics. “At MAO, our goal is to transform the traditional buy-sell model, and empower practices of all sizes by putting their supplies at their command – that’s what we mean by Orthodontics On .Command.” Continue reading “MidAtlantic Orthodontics Introduces Orthodontics On .Command”
When it comes to running a small business, the assumed effectiveness of existing systems can be a real threat to the bottom line. Even systems developed a few years ago are being made obsolete by technological innovation. In orthodontics, the threat of assumed effectiveness often manifests itself in the ordering and inventory systems many practices currently employ.
There are many reasons for this. Between chasing promotions, the challenge of forecasting and, let’s face it, sales representatives who are by rewarded through commissions, it’s easy for the average size practice to wind up with tens of thousands of dollars of losses from inventory obsolescence. One prominent groups practice admitted (in confidence) that they wind up eating a quarter of a million dollars in unused inventory each year! The threat to the bottom line is real.
Of course, on the flip side of every threat is opportunity and this is no different. Continue reading “Are Antiquated Inventory Processes Bleeding Your Bottom Line Dry?”