Monday, November 12, 2012

Boost Your Dispensary Revenue


For many Dispensaries the transactions are cash and there are no bar codes or very efficient ways to track inventory. Because of this, dispensary owners commonly have issues with “inventory shrinkage”, which stunts their growth in revenues. many owners are doing so well that they don’t feel it’s worth it to find out just how much they are losing, but many are realizing it is more than worth their time to have a “grow tracking” system in place.
Some of the ways you can have better controls are management based and the other is your actual point of sale system. First let’s talk management strategies.

Dispensary Management Strategies

Have opening and closing protocols to ensure employee consistency and avoid carelessness. Don’t be afraid to be detailed, employees secretly like structure because they then they don’t have to ask the question, “now what do I do?”
Opening Procedures Example
  • Turn off alarms
  • Check on surveillance cameras
  • Count Inventory
  • Count cash drawer money
  • Get storefront ready: Check restrooms, turn on AC and lights
  • Unlock Doors
Closing Procedures Example
  • Count Cash, Compare with Inventory
  • Lock up Inventory
  • Turn off lights
  • Turn on alarm
  • Lock Doors
  • Make bank deposit
Another piece of the puzzle is checking out new hires by calling their references and checking with their previous employers. Although this is an important step, you can’t rely solely on what others say or judge on appearances. The employees with the “stickiest of fingers” are often the “ideal employees”.
This is where having the right POS software system comes into play. With the right point of sale software you can accurately track your inventory, meaning you wouldn’t have to worry so much about the inventory once it is entered into your system.

Medical Marijuana Point of Sale System

Cafe Cartel has devised a complete integration of the grow tracking solution with the POS software system. Grow tracking tracks the growth of products and processing it into buds and hash, as well as any items that you are going to dispose of.
The system provides:
  • Labels with bar codes

  • Batch management of inventory

  • Batch updates to your master inventory list

  • Tracking of sales and inventory of the batches



This software also has important features such as:
  • Price Negotiation

  • Paperless Documentation

  • Employee Scheduling

  • Employee Hour Tracking

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