When you need to order dental supplies, do you call up a trusted supplier or browse the internet for the best deals? Today's dentists face many ways to restock supplies, and they no longer have to depend on sales representatives to get what they need.For instance, dentists can easily order just about anything online, including the bulk of their dental supplies, and many are taking advantage of this option. According to IBISWorld, the online medical supply industry generated $5 billion in , and analysts anticipate more health care providers will shift to e-commerce in the coming years.Buying dental supplies over the internet can be a simple way to restock the essentials, and it allows you to order what you need 24/7 from anywhere. Also, when you order supplies online, you can easily comparison-shop to keep overhead as low as possible and access detailed product information on a single platform.Here's the tricky part — you'll find countless vendors selling dental supplies if you start with a search engine. So, how do you find suppliers you can trust? And is it possible to save money on orders without sacrificing quality? Keep reading to find out.
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Chapter 1: Where Do You Buy Dental Supplies?
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On average, dental supply costs should account for 5-7% of your practice’s turnover.
While it may seem minor, maintaining control over all your expenses is crucial for the efficient management of your practice.
Follow these five easy tips to stay within that 5% to 7% range and save money on dental supplies without giving up quality.
Sticking with a handful of trusted suppliers (say, three or four suppliers) provides your dental business with higher levels of service while helping you free up time and reduce ordering expenses.
This approach allows you to concentrate your resources on fewer suppliers, enabling you to secure better prices for supplies.
As a result, you'll also benefit from lower freight charges and handling fees.
Here at Invedent, we’ve created the dental industry’s first ordering platform that makes placing and receiving orders a simple, easy, and quick process.
Once you’ve chosen a few trusted suppliers, Invedent’s shop enables you to browse through thousands of products from all of your favourite suppliers all from a single platform allowing you to place an order within minutes.
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Inefficient, manual stock processes often lead to overstocking, which, in turn, ties up your capital as inventory sitting on a shelf isn’t moving.
There are instances where you end up with too little inventory, forcing you to scramble and place last-minute orders to make up for it.
When you're in a pinch and need to rush orders, you often end up paying higher fees for faster shipping. Plus, buying smaller quantities means missing out on bulk order discounts, which ultimately eats into your practice's profits.
To help you manage your inventory efficiently, we’ve integrated Invedent's shop with a stock management system.
The platform gives you full visibility into inventory levels so you can know exactly what you need to order and have the right amount of stock in the right place at the right time.
This is one of the most efficient ways to save money on supplies as you purchase only what your practice needs, without the extra amount of stock that cripples your profits.
Once you've identified a few reliable suppliers, your next move is to reach out and negotiate for a competitive price.
Think - how much time and money would you save if you were able to negotiate prices with suppliers for the whole year vs. shopping around for the best prices from week to week?
We have the answer for you - Your practice can save up to $ per dental chair per year and 8 hours per week on ordering and stock management (because that’s exactly what Invedent has done for hundreds of practices).
For successful supplier negotiations, Invedent will forecast estimated stock expenditure and usage. This way, you'll be armed with valuable insights to negotiate prices with suppliers in advance, helping safeguard your practice's bottom line through mindful spending.
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