040: COGS - The Second Largest Cost in a P&L - Emmitt Nantz

We asked Emmitt Nantz, Co-Founder of Inventory Ally, about the factors that drive inventory costs, COGS and how to calculate them, who should manage inventory at a vet practice, and common mistakes. - What are the factors that drive inventory costs?- How can practices keep costs under control?- What are COGS and how do we calculate them?- Why shouldn’t practices rely on their PIMS to manage inventory?- Who should be in charge of inventory in a small practice?- What are some common mistakes vet practices make with managing inventory?- What is Inventory Ally?- What was the experience like winning the pitch competition at the Veterinary Innovation Summit?Ways to connect with Emmitt:Website: https://inventoryally.com/Email: [email protected]: https://www.linkedin.com/in/emmitt-nantz/Ways to connect with Veterinary Financial Summit: VetFinancialSummit.comInstagram: @vetfinancialsummitFacebook: https://www.facebook.com/VetFinancialSummitEmail: [email protected]