Learn how vendor managed
Inventory can benefit your cannabis venture
Manage your inventory for one or multiple locations in the cloud,
pay only for what you need. Sounds good?
Why it Works?
Strategic Advantages of
Vendor Managed Inventory
Optimize, your planning, budget, inventory health and logistics - all in one shot.
Enhanced Inventory Control
Improved Supply Chain Visibility
VMI provides better insights into supply chain performance and demand patterns, enabling more informed decision-making.
Consistent Product Availability
With VMI, products are readily available, ensuring customers can access their preferred cannabis products when needed.
VMI fosters closer relationships between the cannabis business and suppliers, leading to better communication and mutual growth.
Reduced Inventory Holding Space
Reduced Inventory Holding Space
Focus on Core Competencies
With VMI handling inventory management, the cannabis business can concentrate on core operations and strategic growth.
Scale Now, Pay Later
Get up to 150 days to pay
for the inventory you pull
Get up to 150 days to pay for the inventory you pull
Receive the branded inventory you need in 48 hours or less
No more waiting for months or weeks to get your inventory - get what you need, when you need it. Need more than
you projected? Not an issue - we will deliver within 48 hours and will adjust as needed.
Download VMI Brochure
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VMI Case Study
Explore the benefits of the VMI program for a
cannabis company in our complimentary case study.
In today’s dynamic business world, Vendor Managed Inventory (VMI) has become a popular approach to supply chain management. The VMI program is a collaborative process between a supplier and a customer, where the supplier takes control of the inventory and provides restocking services when inventory levels fall below a predetermined threshold. The cannabis industry is not an exception, and many companies have adopted the VMI program to enhance their supply chain operations.
See how Scale Now, Pay Later worked for
major companies in the cannabis industry
A team of rockstars across the board, from brand realignment to product development to training and support - big thank you!!!
SNPL has eliminated the financial hurdles we faced when trying to maintain a consistent supply of products across all our locations. With flexible payment options, we can now focus on scaling our operations and meeting customer demands without worrying about cash flow constraints.
Blinc’s scale now, pay later initiative has been a game-changer for our growth and success.
FREQUENTLY ASKED QUESTIONS
We are here to answer any questions you
have and help you tailor your terms
We are here to answer any questions you have and help you tailor your temrs
Q: What is Vendor Managed Inventory (VMI) for cannabis businesses?
A: Vendor Managed Inventory (VMI) is a supply chain management strategy where the supplier takes responsibility for monitoring and replenishing a cannabis business’s inventory. The supplier uses data analytics and automated systems to ensure optimal stock levels, freeing the cannabis business from inventory management tasks.
Q: How does Vendor Managed Inventory (VMI) work in the cannabis industry?
A: In the cannabis industry, VMI involves a close collaboration between the cannabis business and its suppliers. The supplier uses data from the cannabis retailer, such as sales trends and inventory levels, to proactively manage and restock the retailer’s inventory.
Q: What are the benefits of implementing Vendor Managed Inventory (VMI) for cannabis businesses?
A: The benefits of VMI for cannabis businesses include improved inventory control, reduced holding costs, increased efficiency in the ordering process, better supply chain visibility, and enhanced customer satisfaction due to consistent product availability.
Q: How can Vendor Managed Inventory (VMI) help reduce inventory costs in the cannabis sector?
A: VMI reduces inventory costs in the cannabis sector by optimizing stock levels and minimizing overstocking or stockouts. This leads to lower holding costs, efficient use of capital, and reduced wastage of cannabis products.
Q: Can you explain how VMI ensures consistent product availability for cannabis retailers?
A: VMI ensures consistent product availability for cannabis retailers by allowing suppliers to closely monitor stock levels and replenish inventory proactively. This prevents out-of-stock situations, enhancing customer satisfaction and loyalty.
Q: What role does data analytics play in VMI for cannabis businesses, and how does it improve demand forecasting?
A: Data analytics plays a crucial role in VMI for cannabis businesses. Suppliers use historical sales data and other relevant information to predict demand patterns accurately. This improves demand forecasting, allowing suppliers to stock the right quantities at the right time.
Q: How does VMI foster closer collaboration between cannabis businesses and their suppliers?
A: VMI fosters closer collaboration by creating a mutually beneficial relationship between cannabis businesses and suppliers. The constant flow of data and information facilitates better communication, leading to improved decision-making and shared success.at the right time.
Q: Does VMI for cannabis businesses require specific software or technology?
A: While VMI can be implemented using various software and technology solutions, it primarily relies on automated systems for inventory monitoring, data analysis, and order processing. Specific software and technologies can enhance the efficiency and accuracy of the VMI process.
Q: Are there any potential challenges or risks associated with implementing Vendor Managed Inventory (VMI) in the cannabis industry?
A: Yes, some challenges in implementing VMI for cannabis businesses include data sharing and privacy concerns, integration of VMI systems with existing inventory management software, and supplier reliability. Careful planning and clear communication can help mitigate these risks.
Q: Can you provide examples of successful VMI implementations in the cannabis sector and their outcomes?
A: While specific examples may vary, successful VMI implementations in the cannabis sector have resulted in improved inventory management, reduced holding costs, increased customer satisfaction, and stronger relationships between cannabis businesses and suppliers. These outcomes have led to enhanced profitability and growth for both parties involved.
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