A publication from www.boomsupplies.com stated that the annual cost of dental supplies in clinics should not be above 6%. Else, the clinic may suffer losses.
Many clinics could not follow this budgetary principle, despite their best efforts. The increase in the cost of dental supplies is a critical factor that makes the annual budget on supplies to rise above 10%. Consequently, such clinics would have several problems, including a decline in profits.
We have outlined several tips that would help you cut down costs on dental supplies.
Avoid Buying in Excess
Some clinics have the habit of stockpiling dental supplies. This approach looks smart in the first instance. After all, there would be no need to bother about sourcing for a long time. But, if you take a closer look, you will realize that such clinics are tying down critical business capital. In some instances, the supplies get expired in storage, leading to losses. So, make sure you stock dental supplies modestly so you can have more funds to run your business.
Appoint a Purchase Manager
Do not delegate the purchase of dental supplies arbitrarily if you want to handle the supply budget efficiently. The best approach is to appoint a supply manager who should be an existing staff of the clinic. The supply manager would strike a balance by avoiding shortages of supplies and making sure procurements are not in excess. The officer in charge would also lookout for the best deals that can cut down the cost of dental supplies. Your clinic can also motivate the purchase manager through bonuses when the procurements are maintained within budget.
Buy from Superstores
Do you know that you can purchase some kinds of stuff at lower prices from superstores? Rather than buying all your dental supplies from the dental supplier, try to shop cheaper at superstores like Walmart. You can also get your staff on board your efforts to cut down costs on dental supplies. They can be on the lookout for the best deals and inform the purchase manager when they found one. This way, your clinic can make a lot of savings by cutting down the costs of supplies.
Try Online Dental Supplies
Dental representatives are middlemen who can add an extra margin to the cost of supplies to earn more commissions. So, why not bypass the middleman and buy your supplies directly from the manufacturer’s website at a cheaper rate? You will be saving lots of money when you use the service of online vendors such as Boom Supplies. They have a reputation for dealing with only quality products and sell at very reasonable prices. This approach would help you make massive savings on dental supplies.