10 inventory myths and mistakes
March 27, 2017Pop quiz 1: What’s a clinic’s highest expense? No cheating or peeking. If you answered payroll or labor, you are correct. Pop quiz 2: What’s a clinic’s second-highest expense? Think about it. Think some more. If you answered inventory, you are in the minority of people who aced both questions. In a well-managed practice, inventory might make up about 20 percent of revenue.