Improving Cash Flow with Inventory Management with Jared Barton

Send us Fan MailIf you saw every bottle or capsule on your shelf as a $100 bill, you might be trying to find ways to get that money into your bank account, especially in the cash flow crunch that pharmacies are facing now.This is exactly what perpetual inventory from Inventory IQ allows you to do.In this episode of The Bottom Line Pharmacy Podcast, we share insights to help you keep cash in your bank, not on your shelf. We dive deep into inventory management, how to improve your cash flow, ways you can control your inventory, and more!Did you like this episode? We share insights for Independent Pharmacy Owners every other Thursday. Stay up to date on new episodes by liking and subscribing! Click here to learn more about our podcast team and previous episodes.Read and follow along with this episode by clicking here.More about our guest:Jared Barton is the CEO of Inventory IQ and the Secretary of the Board of Pharmacy Marketplace. With 9 years in the independent pharmacy industry and 600+ independent pharmacies served; Inventory IQ is the nation’s premier independent pharmacy inventory management firm. They help pharmacies maximize efficiency through inventory management and assisting with perpetual inventory implementation/maintenance through their monthly Inventory Mining program, and they also provide inventory count services for tax purposes, transitions of ownership, and third-party audits.Want to learn more about Jared Barton, Inventory IQ, and stay connected with them? Check out their social media below:Jared Barton LinkedInInventory IQ WebsiteInventory IQ FacebookInventory IQ Twitter (X)Inventory IQ LinkedInInventory IQ InstagramInventory IQ YouTubeWant to stay connected? Check out all of our social media:Sykes & Company P.A.:Facebook Twitter (X) LinkedIn Instagram CPA’s:Scotty Sykes – CPA, CFP LinkedInScotty Sykes – CPA, CFP TwitterOllin Sykes – CPA, CMA, CITP LinkedInMore resources about this topic:Blog – Maximizing Your Largest Expense: InventoryWebinar – Inventory: Keep Cash in the Bank, Not the ShelfBlog – Accrual vs. Cash Method of Accounting for Inventory ManagementBlog – The Three Most Important Accounting Inventory Issues