Optimizing Inventory Though Insights and Innovation: 5 Things to Profitably Manage Cannabis Dispensary Inventory with Tim Schmitt How to Flourish in Cannabis

We’re going right into the heart of cannabis retail challenges with Tim Schmitt, a trailblazer in cannabis supply chain technology. Tim and Brian discuss the critical importance of disciplined inventory management and how powerful data-driven decision-making in the highly competitive cannabis marketplace is. Tim shares his insights and innovative solutions, from optimizing operations with AI-driven forecasts to strategic purchasing practices that ensure dispensaries not only survive but thrive. This masterclass in regulated cannabis offers you a roadmap to profitability, spotlighting the symbiotic relationship between technology and traditional retail wisdom in navigating the complex cannabis industry. Tune in for a conversation that promises to elevate your understanding of cannabis retail, making complex concepts accessible and actionable for anyone looking to make their mark in the cannabis world.
Chapters:
00:00:00 - Kicking Off: Navigating Success in Cannabis Retail00:01:17 - Unveiling the Tech Wizard: Tim Schmidt’s Journey00:02:53 - Unlocking Prosperity: The Power of Data in Dispensary Management00:05:22 - Data Deep Dive: Transforming Inventory with Insights00:09:39 - Simplifying Success: The Art of Vendor Consolidation00:11:45 - Efficient Ordering: Best Practices for Streamlined Supply00:14:02 - The Vendor Partnership: Building a Cohesive Cannabis Supply Chain00:16:03 - Mastering the Market: Strategies for Smarter Inventory00:18:27 - Analyzing Trends: Using Data to Drive Inventory Decisions00:21:25 - The Blueprint to Profit: Budgeting and Championing Bestsellers00:23:40 - Allocating Resources Wisely: The Art of Budget Management00:27:15 - Cultivating Growth: Leveraging Tech for a Thriving Dispensary00:30:11 - Final Nuggets: Essential Insights for Elevating Your Cannabis Venture
Happy Cabbage Reports referenced:
ReportBuyers 2.0 Restock Report: AI-powered Intelligent Restocking
Links and Resources:
Tim on LinkedIn240 LogisticsTim will be speaking at the 4/17 Cannabis Innovation SummitFlourish SoftwareBrian Weber on LinkedIn
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