Case Study
Pineapple Express
Pineapple Express had a problem with the reliability of their inventory management
The system they used to keep track of their inventory had consistently failed to accurately reflect the actual physical numbers within their business. Because this current system was their source of truth when it came to their state-mandated regulatory reports, this was a big problem. Large penalties are associated with inaccuracies in this data, even by just a small amount.
Because of this, Pineapple Express were forced to export reports from their previous system, modify the reports to make them appropriate for a manual verification, and perform weekly double-blind inventory counts. This was all to make the necessary adjustments and modifications to their inventory data for accuracy.
And in order to be able to cross-check each specific item in the inventory, Pineapple Express also needed to print out labels for every product. These labels had unique codes that had to be manually checked off a physical list every inventory count and cost Pineapple Express 18c each.
The entirety of this process resulted in large amounts of extra expenses and man-hours for the business, squeezing already thin margins.
Key Obstacles
The Parsl Solution
SmartTags
Parsl’s SmartTags give each product its own unique identity within an inventory record. By scanning Parsl SmartTags to allocate, move, sell, and destroy products, the SmartTags automatically collect the precise data needed by regulators through everyday business operations.
The Parsl App
Our App can be accessed through the iOS App and Google Play Stores which allows for easy company-wide adoption, on their personal devices if necessary, with little operational friction.
Item-specific Counts
A business is able to automatically verify any specific individual item with just the scan of the Parsl App. Because Parsl has an item-specific record of where all inventory is within a business, as well as that product’s status, there is no need for manual cross-checking. An employee can simply scan all the products physically available and if there are any discrepancies, they are presented with a list and guided to perform corrective actions on those items.
The Results
What Pineapple Express achieved with Parsl in 6 months
Time Saved
Parsl was able to eliminate the double-blind count from Pineapple Express’ inventory process, replacing it with the Parsl App’s inventory count feature, delivering a 91.43% reduction in staff time of 34.5 hours per week.
Improved Efficiency
Our automated inventory tracking meant that when inventory discrepancies existed, they could be identified on a specific product level and were therefore more efficient to reconcile.
Improved accuracy
Parsl was able to improve inventory accuracy achieved through general business operation by 92.06% and to bring their average inventory accuracy to 99.91%
Operational enhancement
Pineapple Express was able to further leverage the inventory data they were collecting for regulatory reasons by readily identifying dead-stock and stock expiring soon, enhancing inventory management capabilities.
91
Reduction in weekly staff hours
99
Inventory accuracy achieved
Growing together
“With the integration capabilities of Parsl, inventory intake and management has gone from a long, multi-stepped process to clicking a few buttons and allocating Smart Tags, saving time and energy for the whole team. The ability of inventory to be counted on either an Android or an iPhone makes mandated inventory counts as easy as the press of a button.”
Sharna WeaverInventory Manager, Pineapple Express
