Using Your Dental Labs Financials as a Management Tool - Part Two

Part one of this series began with an overview of the levers of profitability for your lab and our review of cost of goods sold (COGS), what it costs you to make your products. In that article, our COGS was 45%, but not all COGS are created equal. In this article we will talk about understanding the components of your product mix, its effect on COGS and how you can reduce your risk of declining profits and keep your lab on the track of improving profitability.

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