5 Ways MainStem Streamlines Purchasing For Cannabis Operators

Business Strategies
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The Importance of Procurement Strategy

Cannabis companies typically don’t have a strategic procurement process which leads to confusion, inefficiencies, unexpected expenses, and unnecessary time spent. MainStem’s integrated Procurement Platform, gives operators a holistic and transparent view into an entire organization’s spend, ensuring better purchasing decisions and better standard operating purchasing procedures.

Here are five ways MainStem helps make your procurement team more efficient.

Cost Reduction

By leveraging our strategic sourcing e-commerce site, and smart purchasing technology, MainStem’s Procurement Platform keeps all purchases in one centralized location. When using MainStem, companies can evaluate total spend, identify areas for cost savings, and place controls on future spending. On average, MainStem saves companies up to 20% on individual purchases and 10% on overall company spend.

Time Savings

Don’t waste time seeking out new vendors. MainStem's supply chain ecosystem brings a Digital Supplier Network directly to you. On average, companies that leverage a in-network supplier save 96% of time spent searching for materials. MainStem compares pricing, shipping logistics, and overall product value across hundreds of suppliers in real time. With the RFQ feature, companies can even create custom requests that fit a certain time frame and criteria.

Risk Mitigation and Compliance Control

MainStem helps your organization control and monitor every purchase in one platform. With the ability to set user permissions and custom catalogs, MainStem Procurement Platform automates rules and restrictions in the ordering process reducing excess costs and risks that come with human oversight. With a centralized procurement solution, finance teams no longer have to spend time and resources policing departmental spend, and can rest assured their teams are purchasing compliantly.

Business Continuity

MainStem gives your business the independence it needs from supply chain disruptions. Cannabis is risky and operators are constantly forced to deal with a disjointed supply chain, whether it is a natural disaster or new legislation. When a disruption to the supply chain happens, having an integrated procurement platform, with a holistic view of total spend and a network of vendors, companies can easily navigate, pivot and take control supply-chain risks.

Forecast and Purchase Predictability

Mainstem helps analyze past spend to predict future purchasing. Our monthly supply audit gives companies business intelligence to make smarter purchasing decisions in the future. By utilizing data and procurement technology, companies can create a lean spending model and supply order automation.

Book a demo to find out more about how MainStem can help you streamline your supply chain management.

About Mainstem

The MainStem Supply Chain Ecosystem is the ONLY fully integrated B2B procurement solution built to solve complex issues for the cannabis industry. MainStem enables companies to easily source all their supplies while also simplifying the fragmented finance and operations technology ecosystem. With almost a decade of experience in the cannabis industry, MainStem is dedicated to helping cannabis companies grow with robust technology and by partnering closely with cannabis growers, manufacturers and dispensaries. To learn more about the technology solution we offer, click here.

MainStem Platform
The MainStem Supply Chain Ecosystem is the ONLY fully integrated B2B procurement software built to solve complex issues for the cannabis industry.We give cannabis operators and suppliers the tools and data to manage their business – all in one place.
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