Nov
1
2016

Make pricing your inventory easier

Sponsored content provided by AAHA MARKETLink

You do enough mathematical calculations throughout the day. Save time and brainpower by using an app to figure out the best markups and margins for items sold at your practice.

The “keystone” rule for markups dates back to 1896 and comes from the jewelry world. It means that 50% of the stated price equals the wholesale price. Often, retailers then doubled that amount to ensure a profit.

With greater competition and more complicated inventory, arbitrary rules don’t make sense anymore. Instead, download a markup/margin app so that you can quickly and easily see what price makes the most sense for different items.

AAHA MARKETLink offers regular inventory management classes. To learn more or register, visit aaha.org/mwi.

Add comment

  Country flag

biuquote
  • Comment
  • Preview
Loading

About this Blog

Red is your guide to everything AAHA. Whether you’re looking for association news, updates on our educational offerings, the latest books from AAHA Press, deals from our Preferred Providers, or fun reads from various AAHA staff and AAHA-member veterinary professionals, this is where you’ll find it.

Questions or comments?
Email us at aaha@aaha.org or call AAHA’s Member Experience Team at 800-883-6301.

AAHA-Accredited Veterinary Hospital Locator

Read the latest edition of:

Poll Question
Veterinary professionals: Are you allowed to bring your pet(s) to work with you?

The Standard of Veterinary Excellence ®
American Animal Hospital Association | Copyright ©2018 | Privacy Statement | Contact Us
The Standard of Veterinary Excellence ®
American Animal Hospital Association | Copyright © 2014
Privacy Statement | Contact Us