This week we’re continuing our focus on inventory, by taking a look at some of the advantages associated with custom formulation. Specifically how they impact inventory management.
Making sure you are in stock, but not over stocked is one of the most challenging balancing acts practitioners experience when stocking nutritional supplement inventory.
When adding in the variable of custom manufacturing your own exclusive line of formulas, this balancing act gets much more complex and harder to manage.
Practitioners that desire to customize their formulations typically can only go to Mass Production Contract Manufacturers. This option is typically riddled with extensively long lead times that extend several months, and very high minimum order requirements with a high price tag.
Can you afford to wait 3-4 months to receive an order? Can you invest in a 12-18 month supply upfront? If your answer is yes, then you are likely in the minority amongst integrative medical practitioners.
Offering a custom designed formula has its advantages; hence why many practitioners aspire to be able to one day go this route.
- Brand Exclusivity
- High Reorder Rates
- Free Expression of Formulation Opinion
Unfortunately because of the cons of dealing with Mass Production Contract Manufacturers, many practitioners have to settle for buying wholesale one size fits all formulas from catalogued brands.
So how can a practitioner experience the best of both worlds? To have the ability to freely customize, with out having to wait several months; or having to make a risky investment in enough inventory to fill up an entire storage unit?
Compounded Nutrients was founded on the vision of giving practitioners the freedom to formulate their own custom formulations in low minimum order requirements and very fast and predictable lead times.
With the ability to freely formulate any custom formulation with over 400 ingredient choices of high end vitamins, minerals, amino acids, botanicals, and nutraceuticals, Compounded Nutrients average batch size is what integrative practitioners can sell through in 1-2 months on average. All this, with a lead time of only 4 weeks on average.
The benefits of custom designing your own line of formulas with Compounded Nutrients include:
- Low Expiration Risk
- Flexible Minimum Order Quantity
- Low Capital Investment
- Fast Turn Around Times
- Complete In-House Management of Labeling, Packaging, Fulfillment
Add in our powerful digital formulator, which allows for seamless easy-to-use custom formulation, and you have a truly unique supplement management plan that’s as flexible as you need it to be. By ditching the old ways of managing inventory, practitioners are able to reduce stress, cost, and delays associated with common cookie-cutter supplement manufacturers. All of this results in happier, healthier patients, and a more efficient business model.
When you’re ready to bring your inventory management goals into the future, head over to freedomtoformulate.com or contact us at (541) 549-0333 to get started!
Thank for this great post on Custom Supplement Manufacturing. Businesses into custom vitamins should definitely have a read.