Leading Data and analytics company Headset has announced its partnership with PAX Labs, a top consumer technology brand. The collaboration offers PAX Labs real-time insights for better market intelligence and informed decision making.
Headset’s vendor-managed inventory technology (VMI) will help the PAX Labs brand, retailers and partners at easily accessing product sales, availability, and velocity – and hence achieve better inventory management. The technology will reduce chances of understocked and overstocked retailers which could result in unsatisfied customers and tied up working capital or losses.
Headset will help PAX retailers reorder inventory when the stock is low. PAX partners will simultaneously get alerts when there are low inventory levels and will thus drive seamless conversations with their retailers for the overall good of the consumers.
Talking about the partnership, the CEO and Co-founder of Headset said the VMI technology would enable better trust and collaboration between producers and retailers, and hence maintain high-margin products that consumers will keep coming back for.
Kirsten Winterbotham, PAX Labs’ Commercial Enablement Director, said that they chose Headset due to their leading VMI platform that has the best reporting dashboards and most comprehensive data analytics. Winterbotham added that this will help them provide their brand partners the insights that their businesses need to grow, while making sure that customers have full access to the products they love.
Headset offers data analytics services in the cannabis industry with an aim of helping businesses make more informed decisions. Headset’s main focus is collecting and analyzing the transaction information of consumers, and has dash boards and models that make it easy for cannabis retailers to optimize their daily operations better. Headset’s aggregated, anonymized and standardized real-time receipt-level sales data also helps manufacturers, processors and distributors to identify trends and opportunities to beat competition.
About PAX Labs
PAX Labs is a top designer and developer of premium application-controlled vaporization devices and technologies in San Francisco. Pax Labs has managed to revolutionize customer experience through product design and innovation, and has significantly taken the guess work out of cannabis with its quality, transparent and predictable products.
One remarkable product by PAX Labs is its Era vaporizer, which was the top-selling single SKU across all categories in CO, CA, AZ, and OR in 2018. In the course of the year, the company sold over 500,000 Era vape devices for oil concentrates and more than one million flower vaporizer devices.
PAX does not produce, manufacture, or sell cannabis.