Inventory management is a key component in creating a successful and profitable optical. Effectively managing inventory is often a problem for many dispensaries. This course features step-by-step procedures designed to eliminate many common inventory problems including: excessive frame stock, frequent empty spaces on the frame boards, large quantities of discontinued product, dramatic fluctuations of inventory costs, and a disproportionate number of vendors utilized to complete the inventory selection.

Implementing and complying with this structured inventory plan will help stabilize the cost of goods, while maintaining a current and diverse frame selection consistent with the patient demographics of the office. Ordering and receiving of product will be simplified and overages/shortages of frame product will be promptly revealed. In addition, complying with the protocols of this plan will increase vendor utilization, thus improving potential discount and benefit opportunities offered by prominent frame suppliers.

This module covers:

• Collecting and Analyzing Patient Demographic Information
• Computing the Maximum Level of Inventory
• Determining the Correct Number of Vendors to Utilize
• Assembling a Preferred Vendor List
• Preparing an Inventory Budget
• Inventory Setup or Restructure
• Maintenance and Replenishment Procedures

This module will take approximately 1 hour to complete and consists of 15 pages.

1.0 hour ABO General Knowledge Level 1 CE credit

Carolyn Salvato - BSM Consulting

After you have completed reviewing the materials in this course, you will be ready to take the test. When you complete the test, press the submit button. Your test will be instantly graded and your score will be displayed. You will be able to print your course completion certificate as well.

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