The Best Practices Show with Kirk Behrendt 1000: Metric Mondays: Overhead – Supplies Percentage – Ariel Siegel
When overhead is high, you buy cheaper supplies. But there's a better way! In this episode, Kirk Behrendt brings back Ariel Siegel, one of ACT’s amazing coaches, to continue the series on overhead and break down supplies percentage. She shares why your numbers may be high, how that impacts your practice, and what you can do about it. For the treatment plan to reduce waste and overspending on supplies, listen to Episode 1000 of The Best Practices Show!
Learn More About Ariel:
- Send Ariel an email: ariel@actdental.com
- Follow Ariel on ACT’s Instagram: https://www.instagram.com/actdental
- Send Courtney an email to learn more about ACT: courtney@actdental.com
More Helpful Links for a Better Practice & a Better Life:
- Subscribe to The Best Practices Show: https://the-best-practices-show.captivate.fm/listen
- Join The Best Practices Association: https://www.actdental.com/bpa
- Download ACT’s BPA app on the Apple App Store: https://apps.apple.com/us/app/best-practices-association/id6738960360
- Download ACT’s BPA app on the Google Play Store: https://play.google.com/store/apps/details?id=com.actdental.join&hl=en_US
- Join ACT’s To The Top Study Club: https://www.actdental.com/ttt
- Get The Best Practices Magazine for free: https://www.actdental.com/magazine
- Please leave us a review on the podcast: https://podcasts.apple.com/us/podcast/the-best-practices-show-with-kirk-behrendt/id1223838218
Episode Resources:
- Watch the video version of Episode 1000: https://www.youtube.com/@actdental/videos
- Learn more about Smile Source: https://smilesource.com
Main Takeaways:
- Your ideal supplies percentage is 5% to 6%.
- Categorize your supplies correctly to track them appropriately.
- If your supplies percentage is high, don't panic. It can be fixed very easily.
- Don't buy cheaper supplies. Create systems to cut waste and overspending.
- A team member — never the doctor — should be the one to manage inventory.
Snippets:
0:00 Introduction.
0:52 Supplies percentage, explained.
3:56 How supplies percentage impacts the practice.
6:44 Manage your inventory.
8:25 Keep your systems simple.
9:32 What you can do today to impact your metrics.
12:03 Last thoughts.
Ariel Juday Bio:
Ariel has a master’s in healthcare administration and several years of dental experience in all aspects of the administrative roles within the dental office. Her passion is to work with dental teams to empower team members to realize their full potential in order to better serve patients, improve office systems to ensure a well-functioning team/office, and to help everyone have fun in the process!