Vendor Managed Inventory

Product Description

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.

Features & Benefits

• Integrates with all vendor managed inventory systems via API
• Integrates to any vendor SCADA / IOT system via API
• 95% reduction in manual processing time for tickets and invoices on both sides
• Runs nightly to provide finality every 24 hours rather than every 2-4 weeks
• Outputs can be pushed to ERP and other enterprise systems via API