The Supply Chain in the Cannabis Industry  

You are currently viewing The Supply Chain in the Cannabis Industry  

As an owner or manager in the Cannabis Business, it is imperative to be able to optimize and manage the internal supply chain to ensure that your business is running efficiently and profitably.  The cannabis industry is growing rapidly, and competitors are entering the market on almost a daily basis.  That said it is vital to stay ahead of the curve by implementing the latest technologies to run as efficiently as is possible minimizing cost.

MaxQ Technologies can help you do just that. We are subject matter experts in the Cannabis business solution industry and have 30+ years of experience developing selling and supporting ERP systems.  In addition to providing support to clients around the world, and we have a team of experienced developers who can create custom solutions for your cannabis business.

What is a Cannabis Supply Chain?

The internal cannabis supply chain is simply the entire process of cultivation, processing, and distribution of cannabis from seeds to growth to its raw materials and finally to the consumer.  As the head of a cannabis company, it is your responsibility to ensure that the entire process runs smoothly, and that the product meets the standards set by your company as well as the compliance and regulation requirements by the government agencies in your locale.

Supply Chain Visibility in the Cannabis Industry

While there are a few companies that have complete visibility into their internal supply chain, most cannabis businesses do not have that level of visibility.  This lack of visibility makes it difficult to track products from seed to sale and increases the risk of theft and diversion, and most importantly the risk of falling out of compliance.  It is essential for cannabis businesses to have a clear understanding of their internal supply chain to ensure the safety and security of their products all while remaining compliant.

The Benefits of a totally integrated Seed to Sale ERP solution for the Cannabis Supply Chain

By implementing a totally integrated seed to sale ERP solution for your cannabis business you can realize several benefits, including:

  • Reduced Costs – A well-run supply chain can help reduce costs by streamlining operations and improving efficiency.
  • Greater Control Over Quality – By having visibility into every stage of the production process, including cultivation, processing and distribution cannabis businesses can ensure that their products meet the highest standards for quality.
  • Faster Delivery Times – By coordinating the production and delivery of products, businesses can minimize the time it takes to get their products to market.
  • Improved Customer Service – By providing customers with accurate information about when their orders will be delivered, businesses can ensure that they maintain high customer satisfaction.
  • Better control over regulation and compliance – By providing integration to multiple state compliance platforms businesses can ensure they are staying within compliance and meeting all regulation requirements.  

Procurement as part of the Cannabis Supply Chain process

For Cannabis companies that are not cultivating or processing their own cannabis products procurement or purchasing is the beginning of your supply chain.  For these companies, procurement is the process of selecting vendors, establishing payment terms, strategic vetting, selection, the negotiation of contracts and actual purchasing of goods.  To be considered effective, procurement must be able to move at the speed of business — fast. Speedy procurement in the cannabis industry is now a requirement.  Many cannabis companies have come to recognize the importance of well-implemented procurement and are choosing to either outsource their needs to professional procurement companies such as Cannabis Business Opportunities or hire full-time professional procurement personnel.

Procurement teams in the cannabis industry face the unique challenge of shrinking supplies of commodities but rising concerns for sustainability. All procurement departments desire to reduce costs but must balance that desire with regulatory and ethical considerations that could have a direct impact on the corporate brand.  Cannabis leaders need to stop thinking about procurement as the end point of a process and start looking at procurement as an entryway to spark new ideas, attract new business partners, and generate more resources. 

What should you look for in a Supply Chain Solution for your Cannabis Business?

When looking for a totally integrated seed to sale ERP solution for your cannabis business, you should keep a few things in mind.  The first is that the solution should be adaptable to the ever-changing regulations in the cannabis industry. It should also be able to handle the complex and often unpredictable logistics of shipping cannabis products, and it should be scalable so that it can grow with your business.  MaxQ Technologies is a leading provider of supply chain solutions for the cannabis industry. We understand the challenges and complexities of this industry and have the experience and expertise to help you overcome them. Reach out to us today to learn more.

Talk to the Experts

If you’re looking for a business solution that can help you manage your supply chain, then you need to talk to the experts at MaxQ Technologies, Inc. We have the experience and expertise to help your Cannabis business optimize its supply chain.  Our in-house team of experienced developers can create custom solutions tailored to your specific needs, and our expert support staff is always available to help you with whatever you need.  We’ve been in the business for over 30 years, and we understand the nuances of the cannabis supply chain. We also have a global support network with clients all over the world, and we’re always here to help you with whatever you need. Contact us today to learn more about our cannabis supply chain solutions.

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