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How our service boosts your profits
TIME
A trained medical professional's time is valuable to both patients, their owners, and for the bottom line of your business.
By partnering with VetStocktake.com, you are freeing up time to keep the business going and engaging an expert to produce the stock count and reporting.
How much time do you and your team currently spend each month on counting and logging stock. Compare the total wage hours to the cost of bringing in a specialist and it makes sense straightaway.
COMPLIANCE
Approximately 69% of eligible UK veterinary practices are accredited under the Royal College of Veterinary Surgeons (RCVS) Practice Standards Scheme (PSS).
The RCVS says that "nearly half of inspected practices had deficiencies in at least one critical aspect of stock control”.
With your customisable report format, you are in control. This means we check standards of storage, including appropriate security and temperatures.
STOCKHOLDING
A veterinary practice will hold tens of thousands of pounds worth of medicine and consumables.
It is vital to understand what you have in stock and what is, or isn't moving. A business with money tied up in excessive
stock is not in good shape.
Overstocking doesn't just tie up money, you waste precious time rummaging through it to find what you need. Additionally, you risk medicine going out of date, and increased risk of temperature-sensitive products degrading if storage is overloaded.
It also limits your ability to pivot to new drugs or techniques without a mass waste of previously used products.
WASTE
Your stocktaker produces a valuation and inventory management report and goes through the results with you explaining, and advising on the best course of action to improve profitability.
A key metric your report will highlight is the level of waste.
Rarely deliberate but always costly, the first step in reducing waste, is knowing how much there is.
Do you know the current cost of wasted stock in your practice/s? Would you like to?
VALUATION
Whether it is information required by your accountant or by head office, an accurate valuation of your stockholding is vital.
This is often required on a monthly basis and needs to be accurate.
This gives 2 options, disrupt the practice, close the practice, or bring in the specialists to provide an accurate valuation alongside a full stock report.
Our stocktakers come to your site, count your stock and analyse delivery and sales information. They are highly experienced and provide thorough reporting covering profitability and value.
THEFT & FRAUD
We list this last as it is the last thing you want to think might happen. Sadly it is our job to consider all reasons for loss and advice on reducing the opportunity for theft/fraud through good stock movement practices and the identification of unusual stock movements.
No practice wants to imagine one of their valued team would steal, or that a thief has managed to access stock areas. It is our job to cover all eventualities.
MULTI-SITE
If you run multiple veterinary practices, VetStocktake.com ensures consistent, accurate stock valuations across all sites. Our specialist team provide independent counts and detailed reports, saving staff time and reducing disruption.
FAQ
Frequently asked questions
About the service
Cost and value
Timing and logistics
Compliance and accuracy
F.A.Q.s
SAMPLE REPORT
Take a look at an example of a VetStocktake report.
Here you can see the simple yet effective reporting in action with an example of a compliance check too. These checks are customised to each client's priorities at no additional charge.
With standardised methods, you can easily compare sites, identify wastage, and improve ordering. Accurate valuations also support management accounts, audits, and compliance, giving you clear control and insight across your business.
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