CBD Inventory Management

, CBD Inventory Management

Benefits of Inventory Management in the CBD Industry

When dealing with the cannabis, CBD, and dispensary industry, it is important to closely monitor your inventory in order to avoid major fines, revocation of your license or arrest. Finale offers one of the best solutions for CBD & Dispensary inventory management. Our cloud-based integrated WMS system gives your business the necessary tools needed to meet your regularly enforced inventory audits.

  • Preventing Stock Outs: Prevent costly stock-outs by setting reordering thresholds. Or, save time with Finale’s dynamic reordering features to handle the numbers for you. Finale can calculate reordering points based on the product’s sales velocity to make smarter purchasing decisions for restock forecasting which also allows you to keep your carrying costs low.
  • Lot Traceability: Track your CBD inventory by unique lot id or serial numbers, location, created date, or strains. Finale ensures clear traceability of your products and makes it easy to track lots from the time when you receive products into your inventory to the time you actually sell the particular product. Leverage the mobile barcode scanner to easily scan the lot id.
  • Robust Compliance Reporting: Finale allows you to perform daily, monthly, and yearly inventory audits. Compare physical counts with inventory records. Consistently reconcile your cannabis inventory and run sales, accounting, stock, and variance reports to ensure there are no discrepancies.
  • Integrations: We understand inventory tracking is useful for many aspects of your business. Finale offers numerous integrations with industry-leading marketplaces, shopping carts, POS, and shipping software to reduce the need for file transfers and manual processes.
  • Barcode Scanning: Finale offers wireless barcode scanning capabilities to automate shipping, receiving, picking and packing. The application is available on Windows Mobile and Android OS handheld barcode scanners. You can also install the Finale Inventory barcode scanning application on an Android phone by downloading it from the Google Play store.
  • Pick, pack & Ship Solution: Our product’s pick, pack and ship functionality ensures that warehouse workers pick the correct items, leading to improved overall accuracy, efficiency, and accountability which increases customer satisfaction.
  • Data Security: Rest assured, your cannabis inventory records and data are encrypted to and from the web browser. We have provisioned capacity across tiers significantly beyond what is required for normal operation. Our secure cloud-based system can save you time and money while storing necessary records required by local governments.

Finale inventory makes managing your store’s CBD inventory management simple. Coordinate customer orders, selling platforms, reordering points and more through our easy-to-use solution. When you count on Finale Inventory, you can organize your products in one space that updates across your online stores. With a customer representative helping you set up your software to suit your needs, you can lead your CBD business to success.

Seed to sale software from Finale offers multiple benefits, such as:

  • Improved integration: Your business inventory software should handle numerous aspects of your job. Finale offers multiple integrations to account for POS, shipping updates, automatic stock level updates and more. 
  • Traceability: Track each lot ID number to see what you have in your inventory and make your work easier when you get a new product in stock. 
  • Barcode scanning: Finale offers mobile barcode scanning so you can keep your entire inventory on hand wherever you are. 
  • Pick, pack and ship abilities: Our pick, pack and ship function ensures that warehouse workers select the correct product for each order, which helps improve performance and customer satisfaction.
  • Compliance: Using our software, you can perform daily, yearly and monthly audits to keep up with sales and make sure you keep solid product records. 

Why Does CBD Inventory Management Matter?

As a business owner, you have to handle many different tasks simultaneously. Finding ways to automate and replace simple tasks can help streamline your daily operations. When you have reliable CBD inventory management software, you can:

  • Organize your online inventory from your mobile device 
  • Save time on entering data manually into a spreadsheet 
  • Reduce costs by only ordering necessary products
  • Get personalized data on sales, orders and product supply 

How Finale Can Help With CBD Inventory Management

Our cannabis inventory tracking system is ideal for any business. We can help you problem-solve and streamline internal processes so you can devote more time to running your business. Each plan is paid month-to-month, and you skip all long-term commitments. 

When you choose Finale, you gain instant access to: 

  • A supportive team: Each account receives a personal account manager to handle questions, training, consulting and customization. We gladly teach you how to maximize your system. 
  • Free setup and startup: You can try our CBD management software before adding in your customizations later on. 
  • Highly adaptable systems: Finale Inventory’s customizable systems work with your business operations and goals. 
  • Numerous features: We provide additional cloud inventory management features, such as e-commerce inventory management tools and order management.

Advanced CBD Manufacturing Software From Finale Inventory

With the right dispensary inventory management system, you can automate many time-consuming tasks within your business. At Finale Inventory, we understand how crucial effective inventory management is to your operation. That’s why our services help with multiple areas like payroll, sales, finances, stocking and more. 

Finale Inventory exceeds expectations with unbeatable service and products. With our leading cloud inventory service, we have the tools you need to streamline the way you conduct your business. We can help you serve your existing customers and attract new ones to buy your product. 

Learn more about how our services can help your business. Request a product demo or sign up for a free trial today!