POSTED ON July 29, 2021
Greenline has seen both proactive and reactive inventory audits in action with live cannabis retailers, and it pays to be proactive with inventory accuracy.
To better understand the difference, here is what that means:
On average stores that schedule and perform inventory audits more often have dramatically reduced inventory discrepancies. Cannabis retailers that do inventory audits daily have the smoothest operations and the most accurate compliance reports at the end of the month.
There is a fine balance between the amount of time it takes to do audits and the level of inventory accuracy. Some smaller stores simply do not have the manpower to do check every day and instead opt for auditing every second day or on a weekly basis.
We recommend weekly audits at a minimum so that stores can catch input errors or inventory losses closer to when they happen. This is so that store operators can more easily identify any discrepancies while the day’s activities are still fresh in memory. It’s very difficult to figure out why you are missing a unit of a particular product if the discrepancy happened weeks ago. Taking detailed notes on your POS per inventory movement is also a great help in identifying issues.
Contact us today to find out how Greenline POS can help you and your employees complete inventory reports and avoid audits happening every other day.
Read about Greenline’s import feature for Alberta, BC and Ontario stores here.