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Inventory rotates too fast to be purchased according to individual SKUs. Your cusotmers don't think of products like that anyway.
When 80% of retail inventory is made up of rotating stock, you need to be ordering by SKU groups.
Difference between what retailers do or don't buy and actual customer demand
Average overstock amount, per month per store, for the average retailer
“I need to reup, I’m going to grab an ounce of flower” or “We’re going out tonight, I should grab some infused prerolls”
They go to your menu or store, they ask what you have for infused prerolls, or what options for sativa flower you have on the shelf.
They peruse the options you have that fit their need and buy the ones that sound/look/are the best for them.
They aren’t looking for a single brand nor are they looking for a major category. They aren’t saying “show me your prerolls” when they want an infused 1g cone. Neither are they always saying “what Jeeter infused preroll options do you have?”
But that’s how so many retailers are purchasing inventory.
Buying solely by SKU or by major category leaves your inventory counts 20-30% inaccurate at best. You always end up overstocking products that don’t move as well as understocking products that do.
Group similar products based on how customers actually buy them and easily reference dynamic restock reports
Maintain visibility of dispensary inventory, benchmarks, anomalies in an intuitive interface
Based on recommendations, easily generate/export purchase requests to send vendors
A single tool to calculate inventory data and provide recommendations that improve cashflow and grow revenue
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We were living in the stone(r) ages, managing multiple excel sheets with countless formulas, pivot tables, and would frequently encounter data issues... Now we can effortlessly evaluate our inventory needs, from the SKU level up to the demand of a particular category and price point. Having accurate sell through information and recommended re-order quantities based on desired par level and actual lead times, is invaluable.
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It saved me hours upon hours every day of work that I have to do. So super happy with Happy Cabbage, no pun intended.
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Our experience with Happy Cabbage has been nothing short of exceptional. From the outset, their team has demonstrated a remarkable level of professionalism and expertise that has truly set them apart.
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Typically I will import all the data and start running it myself. And you guys already have all of the run rates, the par levels and everything readily available at any given time.. I don't have any complaints, It's been great.
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If you’re a dispensary owner you need to take a look at Happy Cabbage.
Learn how Happy Cabbage can help you make more money in the most effective way possible.
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