Term:Inventory Management

Inventory management is the process of tracking where cannabis inventory is, how much of it you have, when more products need to be reordered, what products are close to expiration, and what discrepancies exist between your physical inventory and your inventories in your your “Seed-to-Sale” tracking system and your Point-of-Sale (POS) system. In order to remain compliant with the government, managers must track products at an individual package level and audit inventory regularly.