Toronto-based Weed Advisor has launched its first Facility Asset Management Solution (FAMS) specifically designed for licensed cannabis producers, a fully customizable tool that seeks to help companies manage assets and comply with government regulations.
Pointing out that inventory, reporting and compliance audits all play a role in the regulated industry, the real-time, cloud-based software “creates opportunities for savings through optimization and eliminates infractions and downtime that can lead to higher costs and lost production,” claims a statement from the cannabis software company, which supplies business solutions and consumer insights to the industry. Indeed, this kind of software has many uses, and automation of these processes has become fairly standard in many industries. Some companies exist to assist others with the testing process for these systems (such as https://www.parasoft.com/products/parasoft-soatest/, to name one example) to ensure all is up to standard.
Implemented on standard web and mobile platforms, the FAMS program promotes ease of access and use. Key components, the statement notes, include dashboard reporting to executives, standard operation procedures and other compliances to complete tasks via mobile devices, deployment that allows new assets to come online during priority times in the growing cycle, and utilization/disposal of equipment so that inefficiencies of older assets do not cost more than the revenue they produce.
Focused on developing proven technology that protects customers’ investments and supports their strategic goals, Weed Advisor reports that the risk implications of failing to appropriately manage physical assets include the following:
- forced shutdown if government inspectors find operations in non-compliance;
- fines for failing monthly inspections of equipment, such as sprinkler systems;
- costs of asset failure-related shutdown of production processes; and
- inadequate response to asset failure that adversely affects product supply.
“We took the time to provide key pillars of new business operations that make the most sense, based on policy, regulation, asset management, security, changing needs and long-term profitability,” says Weed Advisor president and CEO Gregory Luciani.
FAMS also includes “additional customization, high-level security and unlimited users-all to create better business and customer experiences,” emphasizes Krishnan Wignarajah, the company’s chief operating officer and chief information officer.
Credit: thegrowthop.com
