![Vendor Managed Inventory Smart Contract Template](https://8433262.fs1.hubspotusercontent-na1.net/hub/8433262/hubfs/datagumbo-gumbostore-thumb.png?height=150&name=datagumbo-gumbostore-thumb.png)
Vendor Managed Inventory
Smart Contract verifies consumption of items dispensed from inside a machine.
Smart Contract verifies consumption of items dispensed from inside a machine.
The Vendor Managed Inventory Smart Contract leverages consumption-based logic to allow customers to move from a bulk purchase model to pay on a consumption model. Historically, inventory has been billed in bulk and paid for in advance. The smart contract verifies consumption of items dispensed from inside a machine to alleviate funds earmarked for projected consumption and reduces reconciliation of product.
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