RFID Keeps your Top Selling Cannabis in-stock

Cannabis Problem

THE PROBLEM

If you are a retailer, you need to maintain an accurate stock count of your controlled product. Doing a manual count is time-consuming and hard to ensure accuracy. Failing compliance could mean a loss of your license.

Wave RFID Handheld Cannabis

THE SOLUTION

With RFID, you can scan about 500 units per minute.

Cost Savings for RFID in Retail?

Tags

Assuming 3,000 items in inventory.

Tag Cost
Barcode Asset Tag $0.01
SimplyRFiD RAIN RFID Tag $0.05
Cost Difference $0.04 ($120 on 3,000 tags)

Audit time

Assuming the loaded rate for an employee: $30

Audit Time Cost
Barcode @ 10 seconds per tag 8 Hours $240 per inventory
RFID @ 10 tags per second 5 minutes $3 per inventory event

What's the total savings?

If you don't perform a daily inventory, how will you be compliant? How can you be sure your stock isn't missing?

At 5 minutes to perform a complete inventory, you know your stock is present—no more end-of-month write-offs or scramble to find missing product. You can stop losses as they occur.

Savings per month on a daily inventory: More than $7,000.

THE PROCESS

RFID Tags

Our TR800 rfid tags are awesome for store inventory.

Tagging

  1. Place the tag on the item
  2. Associate the tag to the product with Wave
  3. Take inventory with our Wave handheld

Auditing

  • Each night, select the location to audit
  • Squeeze trigger
  • Missing items will be displayed. You can mark them as 'sold' and export a spreadsheet of missing items for reconciliation.

Count Inventory Faster

RFID is the fastest way to keep track of your assets and inventory. Our Wave Inventory System is everything you need to track thousands of assets easily from just $1,990! – or about $6/day.

Get Started
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