IVendor

The firm's business model is centered on a combination of proprietary hardware and a subscription-based software platform, targeting both industrial distributors and end-users. Revenue is generated through monthly or annual fees for its software and hardware solutions, with pricing structured modularly to allow clients to upgrade their plans as needed. This approach is designed to offer a lower total cost of ownership by integrating smart hardware with a cloud-based platform and mobile applications.

Invendor's product portfolio is designed to automate and optimize inventory management. Key offerings include the 'Gravity Cabinet,' a weight-sensing smart cabinet for automatic tracking, and the 'Capture Cabinet,' a scan-based VMI cabinet accessible 24/7 via smartphone for authenticated users. These are complemented by the 'Storeroom App' for managing consumables and an analytics tool called 'More-or-Less' to optimize stock levels. The entire system is managed through a central web portal that provides real-time inventory overviews and user management, and it can be integrated with clients' existing ERP software to automate data flow concerning articles, transactions, and users.