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Cannabis

Person inspecting a cannabis plant.

The importance of supply chain transparency in cannabis businesses

By | Cannabis, Sage X3 | No Comments
Person inspecting a cannabis plant.

Customer safety and compliance are key issues that can be addressed with the right cannabis ERP solution.

The cannabis industry, still a relatively new business sector, is grappling with dramatic growth. Among the consequences of the rapid rise in demand and profits are increased regulatory pressure and customer expectations about quality and consistency.

For fledgling cannabis companies and established players, that means an increased reliance on sound supply chain management. With proper supply chain tools in place, your cannabis business can be prepared for high growth and the challenges that come with it.

The importance of consistency

One of the hallmarks of the food and beverage industry is consistency in taste, color, aroma, and consistency. Coca-Cola tastes the same in most corners of the world, for example, and a McDonald’s French fry is generally the same texture and taste wherever you get it.

Cannabis companies face the same challenges today – delivering consistent products to build and retain repeat business. Customers expect the same products they buy to taste and affect them the same way months later. However, for companies that are not vertically integrated from seed to sale, there’s a real risk of lost business.

This issue is especially challenging for companies that operate in multiple states or provinces. But given the legal challenges, it’s increasingly more difficult for multi-state operators to deliver consistency. That’s where your cannabis business needs enterprise resource planning (ERP) tools that streamline and standardize supply chain operations.

Cannabis bud, oil and gel.

Customers expect consistent quality in their cannabis purchases.

The challenge of cannabis compliance

Compliance challenges reinforce the importance of supply chain standardization. The cannabis industry faces multiple challenges with compliance:

  • A lack of industry best practices for remaining in compliance across multiple jurisdictions
  • An evolving regulatory landscape as more states legalize cannabis and local regulations remain inconsistent. Frequent changes to regulations create an additional compliance issue
  • A lack of standardized testing guidelines, largely due to the federal illegality issues, leading states to create their own standard and enforcement protocols
  • Production inconsistencies that can impact consumer safety

What’s needed are cannabis ERP tools that help standardize supply chain operations, especially around compliance, testing, and safety. The cannabis supply chain needs to facilitate business practices that provide for product consistency, especially as companies seek to scale up operations. Your cannabis ERP needs to provide quality control, meet evolving regulatory guidelines and access resources consistently and efficiently.

These same tools must also address issues such as traceability and sustainability, as customers expect these companies, as they do of other makers of consumer products, to practice sustainable production and positive social impact.

Finding the right cannabis ERP

NexTec CannaBusiness ERP provides your cannabis company with tools that solve unique and complex industry supply chain issues. Built on Sage X3, CannaBusiness ERP delivers a customizable cannabis ERP solution with the following features:

  • Crop management, including production features and nutrient tracking
  • Seed-to-sale traceability
  • Inventory tracking
  • Integration with government regulatory compliance systems
  • Quality control assurance
  • Tax collection management
  • Financial management
  • Customer and product analytics

NexTec offers business software expertise that helps your cannabis company identify, install and optimize the right cannabis ERP.  Learn more about technology that helps your business grow.

Sage Platinum Reseller

Webinar: Software to overcome challenges in the cannabis edibles and infused beverages market

By | Cannabis, Events, Food and Beverage, Recorded webcasts, Sage X3 | No Comments

Watch as our cannabis and food and beverage industry experts discuss the current edibles and infused beverages market and the marketing, operational and distribution challenges companies face. Learn how our CannaBusiness ERP solution, built on Sage X3, can help you overcome these challenges.

Webcast Agenda:

  • Market overview
  • Marketing Challenges
  • Operational Challenges
  • Distribution Challenges
  • Demo

Helpful resources

Marijuana Business Factbook

Marijuana Business Factbook: Get the most complete guide to the cannabis industry

By | Cannabis | No Comments

Marijuana Business FactbookThe pace of change in the cannabis space is practically unrivaled, meaning information that was current just 6 months ago is already outdated. But the editors at MJBizDaily have you covered.

The 7th edition of the Annual Marijuana Business Factbook has all the latest state-by-state updates, market data and outlook to keep you consistently informed. Purchase your copy now and receive quarterly updates until 2020.

The 7th edition of the Annual Marijuana Business Factbook includes:

  • 112 New & Updated Charts – take advantage of projections and findings on sales, employment and investment data
  • Industry Trends and Market Analysis – explore and pinpoint new business and investment opportunities
  • Key Data and Metrics – identify and explore insights into your competitors’ business
  • Over 150 Pages of State by State Legal and Regulatory Updates – get a complete look at the legal landscape in the United States
  • Business Intelligence and Insights – avoid common cannabis business mistakes

Purchase your updated copy of the Annual Marijuana Business Factbook at mjbizfactbook.com or call Marijuana Business Daily directly at (720) 213-5992×1. Plus, use promo code NEXTECFB50 to save $50.00 on your factbook purchase.

Interested in learning more? Download the Complimentary Excerpt of the 7th Edition.

MJBizCon Int’l – Toronto

By | Cannabis, Events | No Comments
Insight.

ERP plus CRM: More than the sum of the parts

By | Cannabis, Chemicals, CRM, ERP, Food and Beverage | No Comments
Insight.

Integrating operational areas with customer relationship data gives your company new insights and efficiencies.

Enterprise resource planning (ERP) and customer relationship management (CRM) solutions offer great tactical solutions to businesses. Taken together, however, ERP and CRM are more than the sum of the parts.

An integrated ERP and CRM solution allows for real-time, actionable business intelligence, giving executives insights they need to make critical decisions in the time of need. Integration breaks down organizational silos and encourages collaboration. Learn more below about the benefits of integrating these tools, industry-specific examples and best practices for combining your solutions.

Benefits of ERP and CRM together

While no two ERP or CRM solutions offer the same features, in general, the roles of each can be defined as follows:

  • ERP: Back-end functions such as accounting, human resources, manufacturing and purchasing.
  • CRM: Front-facing functions like sales, marketing, customer service.

ERPs are built to bring synergy to core functions, providing transparency, a single source of data and improved collaboration and efficiency. CRMs are focused on providing a complete view of customer and prospect integrations, including marketing pitches, outreach, conversations and customer help requests.

Both are designed to build synergy among important functional areas, with the intent that shared knowledge helps to boost operations and outreach. By combining capabilities, you’ll be able to deepen the interconnectedness of various parts of your business.

“The main arguments for the integration … focus on obtaining in real time a coherent view of customers – the possibility of continuous access to everything relating to customer data and information, which … is needed for its proper operation,” state the authors of a recent paper on ERP and CRM integration. “A consistent view of the customer allows employees to make the right and quick decisions.”

Here are a few of the most essential benefits of bringing ERP and CRM together:

Seamless data sharing

CRMs and ERPs have their own unique data collection, storage and formatting guidelines. The advantage of integrated systems is the ability to provide everyone with a unified, transparent and consistent set of information. When the two solutions are integrated, changes or alterations made in one system should be reflected simultaneously in the other.

As business needs change and new data, fields or calculations are needed, the connectivity allows for continued consistency. The system integration allows for new insights, needs and opportunities to be available to each operating unit.

Optimized resource management

Consider the opportunities with a clearer, automated flow of information from sales to production. Companies can gain advantages on production planning, warehouse space optimization, supply planning, materials purchasing and production order prioritization. This benefit helps companies with long sales and manufacturing cycles to plan better based on the status of customer commitments, allowing companies to reduce carried inventory and begin production soon after an order is confirmed.

Faster delivery cycles

Companies with a free flow of information can track and share information on customer details and orders, leading to more accurate and timely shipments, lower operating costs and improved customer satisfaction with on-time deliveries.

Improved product forecasting

Linking marketing initiatives and projections allows for faster and more accurate production forecasting. Operations teams will be able to plan more accurately and companies will not tie up cash by buying excess inventory.

Appropriate and accurate sales proposals

If your sales professionals can see a customer’s complete history – order history, current balance, payment pattern, credit limit and unpaid invoices – proposals will be more consistent and appropriate. Information that’s readily available helps sales managers to make informed decisions, such as asking for down payments or full payment up front.

Sales reps using an integrated solution also have access to the most recent, updated pricing information, including any promotions or discounts. They can also provide more accurate production and delivery dates by accessing production schedules, inventory levels and requisition schedules. If merchandise is out of stock, salespeople can relay that information to customers early on in the proposal process or provide precise projections on timing.

More sales opportunities

Giving salespeople better access to order histories, leads and customer service requests helps them to frame their pitches, giving them a much better likelihood of securing a call, an appointment or a deal. Knowing the frequency of reordering, for example, helps sales professionals reach out proactively to up-sell or cross-sell products or services. When equipment is reaching the end of its predicted lifespan, salespeople can suggest new models of an old product.

Better consistency and standards in customer engagement

With an integrated CRM and ERP solution, your employees will have complete and current information on customers. Whether it’s a sales call, a help request, a product question or a delivery inquiry, employees will understand better the complete relationship, sentiment and pain points. Complete and timely data, collected from both systems, helps employees understand and respond better to customers.

Responsive approval processes

Give your salespeople access to ERP information in real time and they can move contracts through the approval process faster. Same-day signing means faster contract approvals and reduces the time it takes for revenue to be recognized.

Prompt billing and payments

Document sharing lets businesses quickly turn accepted proposals into work orders that can be tracked throughout the enterprise without manual intervention. This process simplification carries over to the finance functions, allowing for faster creation and distribution of invoices, drawing from a single data source. Faster billing leads to faster payment turnarounds and better cash flow.

Consolidated reporting

Combined systems allow for better and more automated reporting, visualizations and data analysis. Reports pull in data from both systems without the need for manual manipulations, conversions or adjustments.

Linking icons.

Applying ERP and CRM data has powerful functional advantages in the food, chemical and cannabis industries.

ERP and CRM industry applications

ERP and CRM solutions need to be uniquely suited to the industry they’re serving. Businesses like food and beverage production, chemicals and cannabis have unique functions and needs for both systems separately and together.

Here is a look at how ERP and CRM integration gives companies in those industries the capabilities essential for success and competitive advantage.

Chemicals

Chemical companies need solutions that address complex functions, including:

  • Formula and recipe management, measure conversions, shelf-life management, packaging and labeling
  • Rapid batch scaling in different sizes and formulations
  • Quality controls that can track – and report to customers and prospects – product quality, shelf life and expiration dates
  • Process design improvements based on customer needs, historical trends, costs and operations
  • Rigorous regulatory compliance mandates, including federal, international, state, local and industry standards
  • Lifetime customer value measurements
  • Worker safety
  • Tracking products from warehouse arrival to manufacturing processes (including intermediary products) to finished goods
  • Traceability forward and backward with ordering histories and delivery data

For process manufacturers, these systems allow for shared, real-time access to information that is valuable to the salesperson, marketing manager, warehouse chief, finance officer and executive.

Food and Beverage

Sound supply chain management is at the core of any successful food or beverage company. While these functions traditional reside within ERP solutions, a CRM integration provides even more opportunities for efficiency.

With tight margins, fierce competition and changing consumer tastes, efficiency is paramount. By integrating the customer relationship insights with operational details, food and beverage companies are able to leverage the three interconnected supply chain components – suppliers, stores/restaurants and customers.

Here are three benefits for food and beverage companies when their CRM and ERP solutions are integrated:

  • Lower operational costs. CRM tools help provide insights and ordering patterns that can improve ordering and inventory management, resulting in lower storage and spoilage costs.
  • Customer segmentation. Targeted sales by customer segments allow for optimized ordering based on demand, relevance and location. Segmentation also allows for better analysis of customer profitability, based on logistical and operational costs. Customer analysis helps finance, sales and operations teams to identify and distinguish between stable, regular business and variable or unpredictable customers.
  • Seasonality. Identifying ordering patterns allows for sales and procurement employees to track, predict and anticipate seasonal variances in demand.

Cannabis

With cannabis and CBD companies emerging and growing as more states approve medicinal and recreational use, businesses in this fledgling industry are seeking solutions. There is a critical need to manage the operational and customer sides, not only for better efficiency and profitability, but also to meet the scrutiny of law enforcement and regulatory agencies at the state and local level.

Cannabis companies need to track and access industry-unique data, such as the costs of materials and energy, growth rates, potency levels and cross-strain breeding attempts.

Integrating this information with customer demand, buying patterns and demographic data helps cannabis companies provide products that are most in demand and most profitable. Pricing, resource allocation and purchasing all benefit from a blending of customer and production data.

How to combine

Combining these two complex business solutions to maximize the potential of an integrated approach is a complex undertaking. Whether buying new solutions or integrating new ones, careful planning needs to happen. Among the key steps are:

  • Determining whether the integration is unidirectional or bidirectional
  • Identifying data and modules to integrate
  • Unifying headers, labels, tags and data formats
  • Mapping data and interfaces
  • Assessing existing and future reporting needs
  • Focusing on user experience
  • Training users

To manage the many complexities involved in developing a cogent integration strategy, companies turn to NexTec. Our integration specialists have extensive knowledge of the providers, solutions and features available and the expertise to deliver a seamless integration experience.

Take a free tour of Sage Enterprise Management to learn more about NexTec and ERP/CRM integration.

Additional CRM resources

Integrate CRM and ERP for more sales with lower costs

5 Best practices for customizing your CRM

Why Salesforce integration makes your ERP solution better

Cannabis leaf.

2019 ERP trends for the cannabis industry

By | Cannabis, ERP | No Comments
Cannabis leaf.

Cannabis companies have remarkable opportunities to improve operations, deliver new products and gain credibility in 2019.

As more cannabis businesses are licensed and open for business, the fledgling industry is likely to see dramatic change in 2019. Many cannabis businesses are realizing they need an industry-specific enterprise resource planning (ERP) solution to address rapid growth, regulation and management.

A look at 2019 ERP trends for the cannabis industry shows the challenges cannabis companies face and how the right technology can mitigate those issues.

Complexity. The cannabis industry has grown at remarkable rates, especially with expanded legalization for medical and recreational use in the United States and Canada. Demand is high and likely to remain there, meaning cannabis companies need to address customer service and operational efficiencies. With the right ERP solution, companies can simplify that complexity by managing finance and operations in one system, automate tasks, stop manual errors and manage staff activity and tasks.

Regulation. Recreational marijuana use is now legal in Canada and 10 states, with three states approving medical marijuana use last year. With more likely to follow in 2019 and beyond, cannabis companies need an ERP solution that provides for better reporting from multiple jurisdictions. Your business needs a solution that uses automation and data collection tools to monitor, track, report and document processes, payments and other information sought by regulators.

There’s a related issue that the industry faces in 2019: visibility. With more legalization comes more public interaction. To improve the visibility and credibility of the industry, cannabis businesses need to demonstrate discipline, good business practices and compliance, even as it continues to be hampered by some stigma and restrictions.

Person holding a cannabis cigarette and cannabis bud.

Cannabis companies need an ERP solution that meets specific, unique industry needs, such as responding to consumer demands for new edibles.

Safety. With more usage both medically and recreationally, cannabis companies increasingly will be held to the same safety standards as other consumables. That means expectations of product safety and transparency. Your ERP solution needs to deliver transparency throughout the supply chain to allow you not only to run your business better, but also to meet consumer and regulator expectations.

A distribution management software component of your industry-specific ERP helps manage the sourcing, growing and selling of your products. This seed-to-sale approach provides you will important data and fast response if there is a need for tracking or tracing products prior to or after sale.

New Products. The legalization throughout Canada and to more than half the adult population in the U.S. means more customers and evolving tastes, interests and expectations. Product development will need to respond to shifting consumer demands. An ERP solution that tracks strains, products, sales and customer demographics helps cannabis companies anticipate and respond to changing demands, get products to market faster and use data to drive decisions related to product and price.

Investment Growth. The extraordinary growth of the cannabis industry makes it an attractive space for investors. There is likely to be more M&A and consolidation beginning in 2019 as larger corporations look to grow. Having the right technologies in place leads to better profit margins, operational efficiencies and compliance that makes your cannabis company more attractive to investors and buyers.

NexTec helps cannabis companies find the right ERP solution for their pressing needs. NexTec offers the CannaBusiness ERP, designed specifically for the cannabis industry and addresses all potential 2019 pain points. Learn more about technology that runs your CannaBusiness. and how NexTec can drive success for you this year.

Thank you! – Pure Greens Case Study

By | Cannabis, Case Studies | No Comments

Thanks for getting in touch

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Pure Greens case study

About NexTec Group

NexTec Group is a national consulting firm, specializing in technology to help you manage your business. This includes Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), and Business Intelligence (BI), Cloud and On-premise solutions for mid-sized businesses.

We started the company because, as consultants, we saw software sellers that had never walked a mile in the customers shoes. We had, and knew that we could offer something different. A company made up of consultants that had experience working in the industries that they were now advising.

In the 20+ years that NexTec has been in business, we’ve developed close working relationships with our customers, partners and each other.

Customers choose NexTec because…

  • Our consultants have an average of 25 years’ experience in both consulting and industry.
  • We understand the software, customer challenges, value teamwork, and are passionate about doing great work
  • We provide clear information that helps customers make informed buying decisions
  • We stand by our customers to make sure the technology works, is used, and produces great results
  • We deliver our services with a sense of friendliness, fun, individual pride, and company spirit

If you see the possibilities, let’s meet for lunch, coffee or a drink.

Cannabis ERP solution for grow operations

Webinar: How to choose the right Cannabis software to run my business (recorded webcast)

By | Cannabis, Events, Recorded webcasts | No Comments
Marijuana plant.

How your ERP is a competitive differentiator in the cannabis industry

By | Cannabis, ERP | No Comments
Marijuana plant.

Cannabis companies can use enterprise resource planning tools to integrate key functions.

In the emerging cannabis business, it’s important to integrate your operational systems and growing processes. What’s more, it is essential to have the proper systems that ensure compliance with the multiple compliance mandates that are ever evolving.

An enterprise resource planning (ERP) system is the smart choice for companies looking to integrate operational, growing, and compliance needs in one unified platform. Below are some key insights for understanding how your ERP is a competitive differentiator in the cannabis industry.

The importance of regulatory compliance

In the tightly regulated cannabis industry, companies need to track the many government regulations carefully. As seen in the recent post, The Industries Where Your ERP Choice is a Major Competitive Differentiator, cannabis regulatory compliance requires careful tracking, measurement, and documentation.

Your enterprise resource planning software can take advantage of processes in place for other industries, notably the food and beverage, that are similarly regulated.

Like other process manufacturing companies, a cannabis company can use ERP features to track and trace, monitor, and report on raw materials and finished goods.

ERP systems support government compliance reporting, and use RFID, barcodes, and tagging technologies to track each plant as it moves from the field or house growing facility through production.

Coordinated systems across the enterprise

ERP tools are designed to integrate all core functional areas. With the right ERP system, cannabis companies can:

  • Manage accounting, sales, and operations in one system
  • Track the cost of goods
  • Manage staff, assigned tasks, and related labor costs
  • Reduce manual error calculations
  • Coordinate shipments via distribution management software

By tracking plants from seed to sale, companies can better assess plant movement and harvest information. Financial tools integrated with these plant metrics can help determine labor needs and pricing. Strain tracking grow room management and yield calculations can be managed digitally, reducing significantly the risk of manual error and eliminating the need for cross transcription and hand calculations.

Cannabis growing requires extensive knowledge and planning to ensure that delicate plants grow properly and maximize yield. Employees need to carefully monitor progress and ensure that plants are on schedule. With ERP software, you can automate notifications about watering schedules, light cycles, and pesticide and nutrient applications.

The ERP solution you choose can help you manage your growing and production. Doing so gives you decided advantages over the competition.

Marijuana buds, cookies and plants.

Companies that use an ERP solution can gain a competitive advantage via improved operational efficiency.

Fast recall management

In the unlikely case of a recall, ERP tools can easily pinpoint the affected area of the grow operation. For example, if an improper nutrient was added to the soil, the ERP can quickly identify the scope of the affected plants and pinpoint where those plants are.

This process considerably reduces the time it takes to understand the scale of a recall event. The mitigation costs are also reduced, and response times are accelerated.

Tax regulation management, especially complex 280E guidelines, require careful scrutiny. To ensure tax compliance, be sure to choose an ERP solution that has integrated finance and sales modules.

Security is another critical component of cannabis ERP solution. Keeping corporate and customer data private and secure is important to developing and keeping a solid reputation.

At NexTec Group, we work closely with cannabis companies to manage their growing businesses. Contact us to learn how NexTec Group can help you remain in compliance, improve operational efficiencies, and gain market share.

The industries where your ERP is a competitive differentiator

The industries where your ERP choice is a major competitive differentiator

By | Cannabis, Chemicals, ERP, Food and Beverage, Sage X3 | No Comments

ERP solutions can help ensure compliance in a range of industries.

When compliance is not an option, your manufacturing company needs an enterprise resource planning solution (ERP) that provides the proper tools to ensure regulatory adherence. There are three industries where your ERP choice is a major competitive differentiator: food and beverage, chemical, and cannabis.

Why are compliance issues so critical in these areas? Because each is heavily regulated to protect the public. Ensuring compliance is on the manufacturers, with required reporting and documentation necessary to meet regulatory requirements.

That’s where enterprise resource planning solutions play a key role. ERP solutions allow your company to complete the requirements put in place by multiple regulating agencies, often using automated tools to measure, record, and track. These tools can automate the preparation of required reports and audit trails. In addition, in the unfortunate case of a recall, ERP solutions can provide information that allows your company to respond faster and mitigate impact on customers and reputation.

Let’s take a closer look at each industry and why having an ERP is a major factor when it comes to compliance.

Food and Beverage Industry

Similar to life sciences, the food and beverage industry faces extensive regulatory scrutiny from domestic and international regulations. In 2017, for example, major elements of the federal Food Safety Modernization Act were enacted, requiring manufacturers to develop preventative controls to protect food for humans and animals. The FSMA also requires companies to have mitigation strategies in place to protect from food supplies becoming adulterated, compliance with transportation guidelines, and verification procedures to ensure safety standards are being met by foreign suppliers.

Like in other applications, an enterprise resource planning solution integrates multiple components of the enterprise, from accounting to operations to warehouses management to business intelligence. When it comes to compliance issues, this integration is critical.

With an ERP solution in place, companies can automate the measurements, monitoring, and recording of data required to maintain compliance with FSMA and other guidelines in place by the U.S. Food and Drug Administration and other federal and state agencies. Ingredients can be monitored closely at each step in the supply chain, allowing your organization to generate detailed reports at the moment of need.

In the case of an incident, a robust ERP platform also allows for rapid tracking and tracing of ingredients. Manufacturers can quickly determine the scope of an incident, down to the batch number, and determine the customers and consumers effected. ERP solutions help not only in the mitigation of such incidents, but also in the communication about these incidents to customers, consumers, stakeholders, the general public, and regulators.

Automating these tasks reduces the likelihood of human error from factoring into the reporting. It also allows for audit documentation that is easy to generate and detailed.

Here are several other areas where ERP solutions help with compliance.

  • Processes and procedures. Multiple federal, state, local, and international agencies may have regulatory requirements. Tracking, updating, and maintaining these guidelines can be complex, as there are often subtle yet important nuances for each agency. Each agency may also have different reporting and documentation standards. With an ERP solution in place, manufacturers can track these variances, record and report, and present documentation necessary to meet the requirements of myriad agencies.
  • Scheduling and Ingredient Management. To ensure that the public is safe from allergens and contamination, recipe management and production scheduling are critical. When factoring in warehouse management, clean-out times, staff scheduling, and the need for efficiency, scheduling is a complex subject. ERP solutions can coordinate employee and machine scheduling, cleaning schedules, and warehouse management while developing optimal production sequences that maximize efficiency.
  • Employee Training. Ensuring that workers understand the machinery they are using, the products they are making, and the ingredients with which their working is an important component of many compliance standards in the food and beverage industry. That’s why ERP solutions make sense. By coordinating staff training, documenting that training, and ensuring the proper reports are available if needed, the ERP helps to ensure compliance, improve employee development, and save time for HR and employee training staffs.
  • Transparency. ERP solutions allow for better transparency across the supply chain. By providing access to data among staffs, suppliers, and distributors, an ERP solution can bring to bear the collective insights of multiple players. If there is a compliance issue that requires a change in processes or procedures, access to this data can allow for the best solutions to be brought to the fore.

Chemical Industry

Compliance in the chemical industry is critical. If formulas are not followed accurately, products can be misapplied, resulting in death and damage. Here are some of the key ways an ERP solution benefits compliance in the chemical industry.

  • Procedural compliance. Chemicals used in production are often hazardous yet need to be transferred, used, and handled. Each chemical requires a protocol to determine how workers interact and use the material involved. ERP tools can maintain the necessary specifications for each ingredient in use, maintain records on the handling and use, use automation tools to monitor, track and record usage, and reducing the likelihood of errors that can affect worker health and safety.
  • Formulation analysis. As manufacturers or their customers request new products or variations on old ones, careful calculations need to be made to ensure that hazards are known and that procedures are developed or adjusted to fit. An ERP tool can help determine if the new formulations are safe and if changes need to be made. ERP software can also ensure that chemical and product strengths and qualities are accurate and that labeling matches.
  • Maintenance and calibration. A key component of compliance is ensuring accuracy. That means that tools, measures, and other equipment is working accurately and properly. Scheduling maintenance, and documenting the results, means compliance. Alerting employees to measurement errors or needed maintenance also ensures that production does not lag and that operations continue working efficiently.
  • Storage and access. Security is critically important to chemical manufacturers, and with an ERP tool, automation and sensors can assist with access control, rules management, and monitoring of environmental conditions that can adversely affect supplies and product.

Cannabis Industry

Along with the upswing in cannabis use and product selection, comes an increase of rules and regulations from local and state regulatory agencies governing its production and sale. For the growing cannabis industry, these rules are critical, not just for individual business viability, but for broader credibility with elected officials and the public.

With the industry, and the regulation of it, so new, it’s inevitable that there will be many changes and additions to existing regulatory mandates.

An ERP solution for the cannabis industry is essential to ensure compliance across the broad aspects that are regulated: finances, production, waste management, inventory tracking and management, licensing compliance, packaging, labeling, and taxation.

An ERP solution, for example, could track plants from seed to sale, providing data from multiple locations that can be documented, as can the finished products.

ERP tools can also handle the important security considerations with the cannabis industry. Customer data access and privacy continue to be hotly contested issues, particularly in an industry where federal and state laws vary significantly. Insecure storage of this data could be costly from regulatory and PR perspectives.

The Right ERP For Your Manufacturing Company

Choosing the right solution for your enterprise resource planning needs is essential. With Sage X3, companies have a comprehensive solution to meet their specific and complex compliance needs.

Here are just a few of the key resources available in Sage X3 that address compliance:

  • Inventory Management. Sage provides tools to manage and analyze inventory. Warehouse operations can stock, pick, and fulfill orders faster and accurately. Reports and analytics allow for decisions about product profitability, inventory, and order to cash issues.
  • Operations. Sage simplifies traceability, allergen reporting and recall management. It optimizes production schedules, speeds up turnaround times, and increases productivity and efficiency.
  • Traceability. In the case of a recall incident, Sage offers full traceability of products from manufacture to point of sale. Immediately see the impact of a recall.
  • Quality Control. Compliance relies on internal controls, measures, and processes to ensure the accuracy and safety of ingredients, products, and processes. Sage tools allow for the implementation of quality control procedures, tracking of ingredients throughout their life cycles, and creation of audit trails and related documentation.
  • HR. Training, managing, and retaining staff is critical. With ERP tools from Sage, you can integrate, payroll, benefits, recruiting, self-service, training, and analytics to ensure your employees remain focused on the work and have the right tools and training to maintain compliance.
  • Business Intelligence. Business intelligence allows your company to spot trends, stay on top of the competition, and draw insights from centralized data that can ensure your growth strategies align with compliance requirements.

NexTec Group helps companies navigate the complex array of ERP solutions. Our expert consultants work closely to understand the needs of each customer and identify the right ERP. Give Sage X3 a try and see how NexTec group can help develop and implement your ERP solution.