348: Getting stock management under control

Описание: Starting his journey at 12 years old, you would have found Luca in one of his dad's five practices, helping make dentures for extra pocket money. He officially started as a full-time dental technician at age 17, aspiring to eventually become a dental prosthetist. 







After working five years in the family business, he realised there was a massive issue around managing stock and completing the ordering in his family practices, and started looking for a solution to the problem. With no solution available to the Australian market, Luca quit his job in the family business and started Invedent (https://www.invedent.com/) with the help of his co-founder Bailey Moore. 







Invedent (https://www.invedent.com/) is now Australia's leading dental ordering and stock management platform. It is a highly intuitive, innovative, all-in-one system that helps dental practices all over Australia streamline their processes. Luca's passion for helping dental practices has led to an impressive 100% retention rate from practice sign-ups and partnerships with ADA branches across Australia.







In this episode we discuss:









• [2:15] - What led Luca down the path to creating a stock management and ordering tool for dental practices?


• [5:11 ] - What are the key things Luca sees that dental practices struggle with when it comes to stock management and the ordering process?


• [9:27] - What is the best practice for addressing how we manage cash flow in regard to inventory levels?


• [12:01] - If we know that the cause is 'stock management' ... what are the 'symptoms' a practice owner might be experiencing?


• [14:10] - If a practice is looking to expand, how can they plan or know how to anticipate the required stock levels after the expansion?


• [15:46] - On average how many man hours per week are utilised in stock managing and ordering?


• [24:08] - Interview ends.