Outsource the strategy behind ordering to reduce overhead

In this episode of The KiDDs Biz Podcast, the conversation revolves around the challenges and strategies in orthodontics and pediatric dentistry, focusing on inventory management and efficiency. The guests discuss common mistakes practices make, the role of technology in procurement, and strategies for optimizing inventory levels. They emphasize the importance of understanding the unique needs of each practice and the value of having a dedicated team to manage procurement effectively. In this conversation, the speakers delve into the complexities of managing clinical supplies within orthodontic practices, emphasizing the importance of budgeting, strategic procurement, and the impact of market changes such as tariffs. They discuss how practices can optimize their supply management processes to save costs and improve efficiency, while also addressing the challenges posed by pricing strategies and supplier relationships. The conversation highlights the need for practices to adopt a more strategic approach to ordering and inventory management, rather than reacting to immediate deals or discounts.

 

Dr. Ashley TiKTok: https://www.tiktok.com/@socopdo

Dr. Ashley Instagram: https://www.instagram.com/socopdo/

WildSmiles Braces: https://www.wildsmilesbraces.com/doctors/

WildSmiles Instagram: https://www.instagram.com/wildsmilesbraces/

 

Keywords: Franchising vs. Private Practice, Doctor-Driven DSO, Ortho–Pedo Practice Model, Practice Management, Scalability, Practice Metrics, Associate Compensation Models, Franchising Challenges, Culture & Branding, Membership Plans, Profitability Models, Strategic Partnerships, Networking.