Cloud software stood out for its ability to enhance operational efficiency and time management
Inventory Ally, a cloud software created to help veterinary professionals reduce inventory costs and streamline processes, won the 2023 Veterinary Innovation Summit (VIS) Pitch Competition. The company was awarded a $5,000 prize and free entry to the Startup Circle at VMX 2024.1
Inventory Ally’s software improves operational efficiency and time management for veterinary practices, so they can reduce wasteful spending on supplies and goods. These funds can then be redirected toward investing in team development, modern equipment, or hospital improvements.1 These features brought the company to the forefront among other veterinary innovators at VIS.
The judges for this year’s VIS Pitch Competition were1:
Inventory Ally was founded by Emmitt Nantz and Nicole Clausen and aims to save hospitals time and money by optimizing inventory replenishment. It leverages predictive analytics and the practice's order history to optimize a weekly cycle count schedule, prioritize items based on their value and sales volume, and suggest the optimal restock amounts for each item.1 Thus, clinics can maintain optimal stock levels, decrease excess and shortages to help increase profit margins, saving time, and relieve stress for the team.
Inventory Ally offers detailed analytical insights into performance indicators. Through the seamless integration of order history with Practice Information Management System (PIMS) data, it showcases opportunities in important areas (eg, shrink reduction, margin improvement, optimization of sales mix, efficient inventory management, and the identification of redundant formulary items).1
“We are honored to have won this year's pitch competition at the Veterinary Innovation Summit and humbled to compete with two other amazing finalists, Veterinary Electronic Assistant (VEA) and High Five,” said Emmitt Nantz, Inventory Ally co-founder, in the release. “The opportunities for new technology in veterinary medicine are staggering, and we are excited to see how this innovation helps improve the daily workflows of the dedicated veterinary teams.”
VIS, sponsored by the North American Veterinary Community and the Veterinary Innovation Council, occurred October 9-11, 2023, in Kansas City, Missouri.
Inventory Ally wins Veterinary Innovation Summit Pitch Competition. News release. Inventory Ally. October 30, 2023. Accessed October 31, 2023.