Cannabis industry software can bring greater efficiency to your dispensary while saving you significant time and headache. From compliance to inventory concerns, your cannabis company faces specific requirements unique to the industry. With the right tools for the job, these additional requirements can be automated or leaned-out. This is where a marijuana-specific ERP takes your dispensary to the next level saving you time and frustration.
To maximize your cannabis dispensary operations, it starts with an intuitive industry-specific software solution. Here are a few more ways cannabis ERP can optimize your dispensary:
Purpose-built
A major advantage of seed-to-sale software is that it’s been specifically designed to cater to dispensaries, supplying each of the various roles at your dispensary with the right tools to help keep your cannabusiness operate seamlessly.
For example, principals have access to advanced accounting and reporting features to track revenue and products in the supply chain. Staff managers and budtenders have the retail tools they need to sell and maintain your array of cannabis products.
Cannabis ERP includes cannabis-focused inventory, customer, sales, reporting, and analytics functionalities. Solutions which haven’t been specifically built for the cannabis industry won’t have the features a dispensary needs to operate successfully.
Compliance/Reporting
As a dispensary owner, your success or failure depends on maintaining strict adherence to regulations. Dispensaries are required to report to state regulators on consistent basis, sometimes daily or weekly.
Since maintaining compliance is often jurisdictional and constantly evolving, without systems in place to track directives and automate adherence, compliance is left to interpretation and can create confusion for operators who go it alone. Seed-to-sale ERP helps dispensary owners save time and money by automating cannabis compliance.
Inventory
Another manner in which your dispensary differentiates from traditional retailers includes the complex inventory management and supply chain restrictions to which you’re bound. Your cannabis products require detailed tracking information with restrictions regarding product weights and packaging.
Most cannabis products have expiration dates which can result in heavy losses if you’re frequently disposing of expired products. Seed-to-sale ERP offers streamlined reports and analytics so you can make informed business decisions with regard to product profitability, inventory and promotional insights.
Insights
The push for data collection and analysis for use in forecasting is a goal of every company in today’s economy. Without cannabis industry software, the mass of data generated and how to make it work for your dispensary are lost.
Report on which products are selling fast with the highest margins as well as those which are remaining on the shelves. Beyond sales insights, cannabis ERP software allows you to track your busiest periods when customer traffic and sales are at their peak. Using this data, you can appropriately schedule additional staff for peak times while leaning out during your slower periods for max efficiency.
Cannabis ERP allows you to capture, report on and understand relevant data about your business and the industry as a whole. With actionable insights to help you solve operational inefficiencies and grow your business, an effective cannabis software solution will help you understand your overall operations to deliver on your business goals.
Installing the right marijuana software is one of the best ways to streamline your dispensary, simplify operations and sell more in less time. These are a few of the ways integrating cannabis dispensary software optimizes your cannabusiness. With cannabis ERP systems, you save time, money and frustration while improving the customer experience in the process.
To learn more about modern ERP for your cannabusiness contact one of our experts!
