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Top 3 Ways Inventory Visibility Reduces Overhead and Boosts Revenue

May 20, 2020 9:00:00 AM / by Caitlin Pellas posted in AskTreez

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In today’s cannabis market, there’s an overload of communication between retailers and brands around maintaining the buyer-brand relationship. In most cases, this overload is caused by a lack of real-time data being exchanged, making it so that both parties need to be in a constant state of requesting and sharing inventory level data to avoid stockouts. An unfortunate side-effect of this manual communication strategy is that it’s become customary for buyers to stock brands that they have a good relationship with instead of using data to inform these revenue-driving decisions. This forces brands to spend a lot of time communicating with buyers about sales and inventory levels in order to coordinate orders since sales data isn’t being proactively shared with them.

Due to the current instability and unpredictability of the market, the average cannabis retailer in California is dealing with 14+ distributors who all have unique schedules and processes, making them even more time-consuming to manage. As a result, retailers need to keep full-time buyers on staff to manage the sheer volume of communication around the logistics of ordering. By proactively exchanging real-time inventory & sales data through a secure channel on a defined schedule, retailers can make a material impact on their business and the cannabis industry as a whole. With this in mind, let's take a look at the top three ways that providing inventory visibility will reduce labor costs and supercharge the supply chain.

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Unlock Expert Tools that will Simplify the Cannabis Supply Chain

May 14, 2020 9:00:00 AM / by Caitlin Pellas posted in POS software, BrandTreez, AskTreez

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As cannabis brands and retailers know all too well, the cannabis supply chain is anything but simple right now. The average cannabis retailer in California is dealing with 14+ distributors per month which makes it all too easy to mismanage reordering timelines. New brands are entering the market so frequently that it can be overwhelming for retailers to discover the best new products, putting young brands at a disadvantage. Retailers have a lot going on and since lead times, ordering processes, case sizes, and payment terms differ from brand to brand, properly managing inventory on an ongoing basis can be challenging without the right set of tools.

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Improving the Brand-Retailer Connection

May 5, 2020 4:12:25 PM / by Caitlin Pellas posted in AskTreez

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In most other markets, retailers and brands are able to develop co-beneficial partnerships based on their ability to share information. Sephora, the world’s leading specialty beauty retailer, shares point-of-sale and inventory details with supplier brands, allowing for vendor managed inventory partnerships that save time and generate more profitability. Empowered by data, brands can control costs, grow market share, and increase sales at an influential retailer like Sephora. In the cannabis market today, there is an overload of communication around maintaining the buyer-brand relationship, but very little exchange of real-time data between retailers and brands. 

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How to Improve Product Branding & Retail Synergy by Sharing Sales Data

Apr 29, 2020 7:15:00 AM / by Caitlin Pellas posted in AskTreez

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When it comes to brand recognition, the cannabis industry is still in its infancy. The market is currently flooded with brands and products and consumers are presented with something new every time they shop, resulting in an overwhelming shopping experience. Customers tend to seek cohesive experiences and don’t want to be bombarded or confused by having too many brand choices that ultimately do not appeal to them. In the time of COVID-19, consumer preferences and behavior are also shifting and the only way to identify new trends is by having access to real-time data. 

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Why Retailers Need to Share Data to Improve Inventory Management

Apr 21, 2020 3:02:54 PM / by Caitlin Pellas posted in AskTreez

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If you’re looking to optimize your retail business, having access to real-time data is not just convenient, it’s essential. You need to be able to reference consistent, comparative reporting in order to know what parts of the business are running smoothly and what areas require attention. 

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Product vs. Inventory: How Treez was Designed to Give You the Best of Both Worlds

Apr 10, 2020 3:00:00 AM / by Sophia Chong posted in cannabis, Cannabis Compliance, Cannabis Dispensary Software, cannabis software, compliance, data, marketing, Metrc, METRC Integration, POS software, retail, Track-and-Trace

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In California’s Metrc-enabled world, effectively tracking your inventory is the only path to compliance. But regardless of whether you’re in a track-and-trace state or not, having the right tools to support world-class inventory management practices is key to your dispensary’s success. 

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How to Make Accounting Easier with Integrated Treez Payments

Apr 7, 2020 1:42:17 PM / by Caitlin Pellas posted in POS software, retail, software, taxes, Training

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In a world before integrated payments, managing transactions from the sale to your bank account was a disjointed and time-consuming process. Manual reporting makes errors more likely and chasing down discrepancies more difficult. With Treez Payments, payment processing is integrated with the point-of-sale. Gone are the days of comparing your POS and merchant portal batches at the end of each day and crossing your fingers that they match. Since payments are integrated with the POS, the sales associate workflow and accounting reconciliation work seamlessly together. 

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4 Big Advantages of Multiple Integrated Payment Options

Apr 1, 2020 12:00:00 PM / by Caitlin Pellas posted in Cannabis Dispensary Software, Cash Handling, POS software

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Want to know how you can get started with Treez Payments? Fill out this form to set up a demo or reach out to your Customer Success Manager to learn more!


 

We are all about integration here at Treez. Integrating all your tools into one system makes your business run smoothly since all programs are managed under one roof. Our newest integration is all about payments. Treez Payments gives you the ability to process all transactions within the Treez platform instead of through a third-party application. This is huge! And we’ll tell you why.  

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Increase Dispensary Revenue & Improve the Customer Experience with Integrated Payments

Mar 24, 2020 4:34:10 PM / by Caitlin Pellas posted in data, BrandTreez

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As the legal cannabis industry matures, so do the expectations of cannabis customers. When a customer visits your dispensary, they come expecting two things: a variety of options and convenience. Right now, you’re probably thinking through the products you offer and whether your online menu is up to date. What you may not be thinking is that these expectations extend beyond your product offering to the options your dispensary offers when it comes time to pay. It’s been proven in every retail vertical that offering multiple payment options at checkout improves revenue and customer experience. Let’s walk through the pros and cons of different payment types and how Treez is changing the game with integrated Treez Payments.

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COVID-19 Dashboard: Arm Your Business with Powerful Insights

Mar 19, 2020 6:40:49 PM / by Sophia Chong posted in California, cannabis, Cannabis Dispensary Software, cannabis software, Feature Announcement, insight, POS software, retail, Seed-to-Sale, software

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Cannabis brands or retailers who aren't yet working with Treez and are interested in gaining access to our free COVID-19 market-insights dashboard (updated daily!), can reach out to us through this form.


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