ENABLING THE CANNABIS INDUSTRY TO WORK SMART

ENABLING THE CANNABIS INDUSTRY TO WORK SMART

Although there are alternative barcode solutions available for cannabis products, none of them possess the same comprehensive capabilities as CaseIDs & LucidIDs.

  • Eliminate stickering at inventory intake as LucidIDs become your checkout barcodes

  • Increase stores’ speed-to-shelf

  • Each unit/LucidID is unique

  • Provide cannabis education and transparency for consumers and the cannabis industry as a whole

  • Help catalogue management and populate online menus by providing SKU details (i.e. product descriptions and picture assets)

  • COA availability

  • Data analytics

CaseID/LucidID benefits:

The CaseID/LucidID technology enables smart inventory management. This technology offers a multitude of benefits for retailers, from streamlining inventory intake to improving the speed-to-shelf process. One of the most notable advantages is that it eliminates the need for stickering labels, as each LucidID becomes the checkout code. This simplifies inventory tracking and saves time and resources.

Moreover, LucidIDs are designed to be unique, which means that each unit can be easily identified and tracked throughout the supply chain. As a result, it is easier for retailers to monitor inventory levels, restock as needed, and optimize their operations. LucidIDs also provide cannabis education and transparency for both consumers and the cannabis industry as a whole. By providing valuable information about the products, including their origins, potency, and quality, retailers can promote awareness and informed decision-making.

LucidIDs also aid in catalog management by providing SKU details, such as product descriptions and picture assets, which can be used to populate online menus. This makes it easier for customers to browse and purchase products while ensuring accurate inventory tracking. LucidIDs also provide certificate of analysis (COA) availability, which offers critical information about the quality and safety of the products.

Finally, CaseID/LucidID technology offers valuable data analytics, which can provide insights into sales trends and help retailers make informed decisions to optimize their profitability. By analyzing sales data, retailers can identify which products are popular, adjust their inventory accordingly, and forecast future demand. As such, CaseID/LucidID technology is a powerful tool for retailers looking to improve their inventory management practices and enhance their overall operations in the cannabis industry.

LucidID on products

Challenges with Other Barcodes

  • More cost and labor-intensive for both retailers and brands

  • Delay in truck-to-shelf time

  • Barcodes that are NOT batch-specific can lead to inventory discrepancies

  • Repurposed barcodes that are not SKU-specific can lead to inventory discrepancies

  • No cannabis education features

  • No catalog management enhancements

  • No COA availability

  • No data analytics

Using barcodes that are not specifically designed for the cannabis industry can result in a range of challenges for both retailers and brands. Firstly, such barcodes can be more cost and labor-intensive, thus increasing the overall expenses of inventory management. Additionally, they can cause a delay in truck-to-shelf time, which can impact product availability and sales.

Barcode systems that are not batch-specific can also lead to inventory discrepancies, which can have a negative impact on inventory tracking and management. Repurposed barcodes that are not SKU-specific can also result in inventory discrepancies, further complicating the inventory management process.

In addition to these issues, other barcodes may lack essential features that are specifically designed for the cannabis industry. For instance, they may not provide cannabis education features, which are important for informing consumers and promoting transparency in the industry. Catalogue management enhancements, such as SKU details, product descriptions, and picture assets, may also be missing, which can hinder the process of populating online menus. Other missing features may include COA availability, a component which is crucial for ensuring the quality and safety of cannabis products.

Given these challenges, it is imperative for both retailers and brands in the cannabis industry to carefully consider the barcode systems they use and ensure they are equipped with the necessary features to ensure efficient and effective inventory management.

Other barcode solutions