What Is Cannabis Inventory Management?
Cannabis inventory management is the process of monitoring, tracking, and managing stock in the cannabis supply chain. Inventory management aims to maintain optimal stock levels and reduce costs and waste. It is one of the most crucial features of any cannabis software.
Why Do Cannabis Businesses Need Inventory Management Software?
Digital software automates inventory management processes, streamlining them and eliminating the risks of human-made mistakes. The software also centralizes the whole workflow, making it easy to manage all the processes from one platform but in different facilities.
Top Cannabis Inventory Management Software in 2024
Check out the best software to optimize cannabis inventory levels.
01. FoodReady
Free version: 14-day free trial available
Pricing: Contact FoodReady for more information
Platforms supported: Web, iOS, and Android
Why use FoodReady?
FoodReady cannabis inventory management software aims to digitize the cannabis industry operations, including inventory management optimization. With the software, cannabis businesses will control and maintain stock levels, effectively track lots and batches, and reduce waste and costs.
FoodReady Features:
- Inventory Management – Track inventory in your facility and beyond.
- Traceability – Full traceability of a cannabis product from seed to sale.
- Lot and Batch Control – Trace lots and batches according to your HACCP plan.
- Production Planning – Configure bills for materials easily.
- Document Management – Go paperless, digitizing cannabis inventory-related documents.
- Checklists – Operational checklists will help better manage inventory operations.
- Compliance Management – Control inventory according to compliance regulations.
- Supplier Management – Manage suppliers and use supplier approval & automated doc requests.
- Reporting and Analytics – Get real-time inventory-related insights.
- Monitoring – Monitor processes, important inventory aspects, etc.
02. Katana
Free version: Unavailable
Pricing: Contact Katana to get a quote
Platforms supported: Web
Why use Katana?
Katana inventory management software tracks batches and optimizes the processes, ensuring compliance, efficiency, and transparency in the cannabis industry.
Katana Features:
- Inventory Management
- Traceability
- Barcode Scanning
03. Dutchie
Free version: Unavailable
Pricing: Contact Dutchie to get a quote
Platforms supported: Web
Why use Dutchie?
Dutchie streamlines inventory management, optimizing stock levels, tracking products, and improving efficiency.
Dutchie Features:
- Inventory Management
- Real-time Insights
- Audit
04. Blue Link ERP
Free version: Unavailable
Pricing: Contact Blue Link ERP to get a quote
Platforms supported: Web
Why use Blue Link ERP?
Blue Link ERP is an all-in-one ERP solution that will help cannabis businesses streamline their inventory management.
Blue Link ERP Features:
- Inventory Management
- Bills of Materials
- Lot Tracking & Batch Control
05. Elevated Signals
Free version: Unavailable
Pricing: Contact Elevated Signals to get a quote
Platforms supported: Web
Why use Elevated Signals?
Elevated Signals software streamlines inventory management and tracking, ensuring efficiency and regulatory compliance of cannabis businesses.
Elevated Signals Features:
- Reporting
- Bills of Materials
- Inventory Management
- Batch and Lot Traceability
Frequently Asked Questions:
Inventory management in the cannabis industry ensures efficient financial management, sufficient stock levels, compliance, quality control, and efficiency.
The industry itself is highly regulated and has stringent requirements. It requires more attention to traceability, quality, and legal compliance.
The software automates tracking and ensures accuracy and transparency, making the business compliant with cannabis regulations.
The software has to include batch and lot management, compliance tracking, product traceability, reporting, monitoring, etc.
