Optimizing your dispensary simply put is finding a way to run your business more efficiently while cutting costs. Installing the right marijuana software is one of the best ways to streamline your cannabis retailer and save on expenses.
In this article we’ll discuss a few ways a marijuana POS system can improve operations for your dispensary.
One of the most important factors in determining whether or not your cannabis retailer runs efficiently is customer insights. Using these metrics to understand where your business can make improvements or eliminate wasteful expenditures is vital when making important decisions.
Analyzing not only which products are selling well but which categories are underperforming can provide valuable information on where you should be spending your budget. Customer insights can also offer a window into when your cannabis retailer is the busiest. These analytics can then help you develop a staff schedule that is cost effective. Taking advantage of marijuana software that can generate these insights is imperative to improvement.
Adding a new product to your inventory is certainly something that should be carefully considered. When selecting products to stock on your dispensary shelves you’ll want to ensure that profit margins are high as well as the sales rate. Products that sit idly on store shelves are potentially losing money for your business so investing in products that sell quickly is recommended.
Many business owners will opt to stock new cannabis products on a consignment basis to test the market. This is a great way to see whether or not you customer base is interested in this product without paying for inventory that may not sell. Selecting stock can be difficult however honing in on products that consistently sell well is a safe bet and will save money in the long run.
Implementing marijuana software that automates state compliance reporting is a great way to optimize your cannabis retailer. Time management is an essential part of running a dispensary especially when you consider the amount of manhours that can be saved when automating compliance.
Trying to manually track sales, expenses, and inventory counts will eventually lead to mistakes that can be extremely costly for your business. A marijuana software capable of producing accurate reports on a daily basis will relieve the stress associated with compliance reporting and allow owners to spend their time elsewhere.
Adding your dispensary to online listings is definitely a worthwhile endeavor. The majority of cannabis consumers research both the business and menus when looking to make a marijuana purchase. However keeping these listings and menus up-to-date with a constantly fluctuating inventory can be time consuming and frustrating.
Using marijuana software that automatically syncs your current inventory with your online menu or third-party listings such as Weedmaps is necessary. This type of software integration is critical when it comes to customer satisfaction. If a customer finds their favorite strain on your online menu only to find out it’s out of stock after they arrive, the repercussions can be devastating. IndicaOnline provides a seamless integration with Weedmaps as well as WordPress so you’ll never need to update your online menu again.
Reducing waste is a clever way to optimize your dispensary. Technology has provided an opportunity for businesses to depart from traditional paper trails and establish paperless filing systems. This is another benefit of using a marijuana software.
Gone are the days of photocopying doctor recommendations and photo IDs. Simply upload photos and add them to a patient’s profile. Offering patients a digital sign-in that includes the collective agreement will be faster and environmentally friendly. Opting for email receipts over paper receipts is yet again another way to save on paper costs. Traditionally most businesses wate the most paper on promotional and advertising materials, but this can be avoided by installing digital signage in your dispensary that can display ads, discounts, specials, and educational material.
Optimizing your cannabis retailer with a well-designed marijuana software such as IndicaOnline will save you money and time. Sign-up for a free 14-day trial to see how your dispensary can benefit from our all-in-one POS system.