In the dynamic landscape of health and wellness, the CBD business has emerged as a beacon of innovation and holistic care. Leveraging the natural therapeutic properties of cannabidiol derived from the hemp plant, CBD businesses are crafting a diverse range of products that cater to an ever-growing market seeking alternative solutions for wellness.
From calming tinctures and soothing balms to edibles and skincare, the CBD industry offers a versatile array of options for consumers looking to integrate the potential benefits of CBD into their daily routines. With a commitment to quality, transparency, and compliance.
CBD businesses are not only reshaping the narrative around cannabis-derived products but also contributing to a paradigm shift in the approach to holistic well-being. As research continues to unfold, the CBD business stands at the forefront, poised to redefine self-care in an increasingly health-conscious world.
Features of ERP for the Cannabis Industry
Regulatory Compliance
Cannabis growers are required to track plants throughout their lifecycle. They must know how their plants are doing at any given time, from the initial growth stage to the final harvesting period. Once you’ve set up a schedule for growth in your CMS and, if necessary, integrated it with your ERP system, managing compliance becomes much more accessible.
Each plant is assigned a unique ID number, and each batch has a name–so you’re always up-to-date on their condition. Capturing the data from your productions can help streamline regulatory reporting and plan for future shows.
Production Management
Cannabis cultivation requires detailed planning and management. With the Acumatica ERP software, you can optimize your production and scheduling processes to increase productivity and output.
Quality Assurance
Automating your food safety measures with ERP software will enable you to document those measures at every step of the supply chain. Quality assurance enables accurate regulatory reporting and mitigates contamination concerns if you’re in the edibles sector.
Inventory Control
A ERP system should include sophisticated functions for inventory management. Tracking each plant from its original planting to sale is vital to meet compliance and prevent theft.
Conclusion
The Acumatica ERP Solution provides a complete solution for the cannabis industry, with many additional features tailored specifically for this industry. Acumatica ERP offers exceptional support for cannabis and CBD companies with total inventory and supply chain management built-in, allowing you to track every stock item, manage your finances efficiently, and accomplish more.
The right ERP software can make a difference in the cannabis and hemp industries. Acumatica, for instance, can help leaders set a solid foundation for continued growth by harnessing and utilizing data at every touchpoint. Cannabis operations are gathering incredible amounts of data nearly every second. Are you analyzing that data to improve your product? If not, an Acumatica ERP system can help.
This customized ERP software is built to help industry stakeholders gather, organize, and manage their critical data points in one centralized database. It includes standard functions such as accounting, HR and sales and unique components to capture data on industry-specific activities such as growing and cultivation.
Centralizing this data and making it visible to all stakeholders can help prevent silos from forming within a cannabis operation and increase visibility and transparency across the supply chain. Visibility is important because it ensures your product’s quality and allows you to monitor and track every step of the process.
In an industry marked by massive growth, mounting competition, and shrinking margins, Acumatica’s ERP solutions can automate and facilitate core business functions. Our Acumatica cloud ERP experts can help you evaluate your options against this list to ensure it include your needed features and functions. Contact us below for implementation assistance. Contact us for a customized ERP solution.
Sangeetha brings 20 years of experience in Information Technology which includes Solution architecting, building micro services, research, and evaluation of business applications, integrating apps.