Inventory management and practice performance

This is the third webinar in a four-part series exploring strategies to improve practice efficiency. For the most complete learning experience, we recommend watching part 1, Space Management and Practice Efficiency, and part 2, Leadership and Practice Performance, before viewing this webinar.

Efficient inventory management can significantly improve practice profitability. Conversely, inefficient management can be detrimental to a practice’s bottom line. Results from AVMA’s 2023 Practice Owners Survey revealed that less than half of veterinary practices use a digital inventory management system to optimize the process.

Join two veterinary business experts as they discuss the role that inventory optimization, inventory key performance indicators (KPIs), and technology play in improving inventory efficiency.

This on-demand webinar is made possible through educational funding from CareCredit.

LEARNING OBJECTIVES: 

• Learn how to optimize inventory processes.
• Discover how to track inventory KPIs.
• Explore how to leverage technology.

Frederic Ouedraogo, Ph.D., is a senior economist and associate director of economics at the AVMA. Using data analysis, he evaluates the veterinary workforce, and the condition and performance of the veterinary industry. He also assesses the economic impacts of veterinary medicine on the U.S. economy. He holds a Ph.D. in agricultural economics from Oklahoma State University.

Dr. Peter Weinstein teaches business and finance at Western University College of Veterinary Medicine. For more than 20 years, he has been providing small-business and corporate consulting services to veterinary practices nationwide. He has served as executive director and president of the Southern California Veterinary Medical Association (SCVMA), and also is a past president of that the California Veterinary Medical Association. He also was president of VetPartners, a nonprofit association for veterinary business specialists. 

Dr. Weinstein speaks and writes extensively on practice management, team building, leadership, collegiality, marketing, and other topics focused on improving veterinary practices. He co-authored with Michael E. Gerber “The E-Myth Veterinarian—Why Most Veterinary Practices Don’t Work and What to Do About It.” He received his DVM from the University of Illinois, and earned a master’s degree in business administration from the University of Redlands while managing his own practice and practicing veterinary medicine full time.