In the cannabis industry, track and trace software refers to a system that helps businesses track their cannabis products from cultivation all the way to sale.
This type of software is essential for logistics and supply chain purposes, as it gives companies a complete overview of their product lifecycle.
In this article, we’ll dive deeper into the importance of track and trace software for the cannabis industry. By understanding the benefits of this software, you’ll be better equipped to know which kind of software is right for your business.
What is Track & Trace Software?
Track and trace software is a tool that helps businesses keep track of their products from start to finish.
This type of software is often used in manufacturing and logistics-intensive industries, such as automotive and aerospace. In the cannabis industry, track and trace software can be used to track a cannabis product from cultivation all the way to sale. This process is essential for the heavily regulated cannabis industry, where detailed reporting is key to staying compliant.
Advantages of Using Track and Trace Software
The benefits of using track and trace software are numerous.
Perhaps most importantly, this software can help ensure that only high-quality cannabis products reach consumers. By tracking the cultivation cycle, businesses can catch errors early on and prevent them from reaching the point of sale. In addition, companies can use data to optimize yield to ensure they are getting the most out of their crop.
Track and trace software also provides businesses with a panoramic view of their operations. This holistic view can help companies to identify inefficiencies and correct them before they cause larger problems down the line.
Why is Track & Trace Software Important for the Cannabis Industry?
The cannabis industry is highly regulated, which means that businesses must adhere to strict rules and regulations.
One key regulation that all cannabis businesses must follow is tracking their product from seed to sale. This rule exists to prevent illegal activity, such as the spread of products into the black market.
To comply with this regulation, businesses must have a track and trace system in place. While manual tracking methods (e.g., pen-and-paper) have helped in the past, many regulatory bodies now require businesses to use electronic track and trace systems.
These systems are much more efficient than manual systems, as they provide real-time data that can be accessed by state regulators at any time. Not only does this ensure compliance with regulations, but it also helps prevent errors that could lead to costly recalls or other legal penalties.
Top Track and Trace Software
In today’s complex cannabis distribution landscape, efficiency is key.
Between cultivation and packaging, there are several nuances to watch out for in remaining compliant. That’s why an increasing number of companies are implementing track-and-trace software systems. These systems help businesses keep track of their products and inventory, making it easier to manage their supply chain. But with so many different options on the market, it can be difficult to know which track and trace system is right for your business.
To help you make a decision, we’ve compiled a list of the top track and trace software systems across a wide range of industries (which can be integrated into our Core Function Platform database).
Metrc is a track and trace system specifically designed for the cannabis industry. It helps businesses comply with state regulations while providing valuable insights into their product inventory. Metrc combines RFID technology and a secure database to bring you the best experience managing your cannabis— across cultivators, regulators, distributors, and processors.
BioTrackTHC helps cultivators, distributors, and retailers with managing cannabis inventory and staying compliant with robust reporting tools. You can select which role you take in the life cycle, so if you’re a cultivator, you’ll only need a license for those particular features, which makes the solution flexible.
Ample Organics is a track and trace system that helps businesses in the cannabis industry comply with government regulations. The system also provides businesses with valuable insights into their product inventory. Ample Organics is used by companies of all sizes, from small businesses to large corporations. The system is simple to use and can be accessed from any computer or mobile device. Ample Organics is a valuable tool, as it helps you track your product inventory and compliance with government regulations.
The Nugistics platform is built for cultivators and offers robust tools to empower them across small and large-scale distribution. The platform is easy to use and is designed to enhance yields, lineage tracking, and batch metrics. Nugistics also includes package tags and a customizable naming format so that you can keep track of your cultivation cycle.
Flourish offers a solution for cultivators and manufacturers with a platform that helps them track their inventory from seed to sale. The platform’s proprietary algorithm also alerts users to potential compliance issues to stay on top of the latest rules and regulations. With Flourish, cultivators and manufacturers can streamline their operations and focus on what they do best: producing high-quality cannabis products.
Canix is a comprehensive seed-to-sale and ERP platform designed specifically for cannabis cultivators, manufacturers, and distributors. Canix offers a suite of tools to help cannabis companies operate efficiently and remain compliant with legislative authorities. Canix’s hand-held RFID scanning technology allows users to track inventory from seed to sale, and the Bluetooth scale integration ensures accuracy in weighing. In addition, Canix provides comprehensive COGS reporting and financial data to help cultivators and manufacturers make informed decisions about pricing and production.
Integrating Track and Trace with Support One
Any business owner will know that compliance is key to keeping your business running smoothly. Cannabis businesses are no different – with ever-changing regulations, it can be difficult to keep up. This is where integrating your track and trace software with your SAP Business One ERP using Support One can help you keep track of real-time supply chain data.
In addition, integrating track and trace software with ERP systems can help manage other departments in your business, such as finance, marketing, and human resources. In today’s regulatory environment, having a robust compliance system in place is more important than ever.