Memphis, Tennessee-based 1sourcevend, a supplier of smart vending machines for distributors, announced Dec. 12 the launch of its new application program interface (API).

The new API acts as a “data exchange medium between a business’s ERP systems and vending solutions from 1sourcevend, resulting in seamless communication and real-time updates between programs,” according to a news release.

“When it comes to creating a scalable inventory management program, the smooth and accurate transfer of data between two systems is absolutely imperative,” 1sourcevend President Mark Hill said. “This API allows our customers to seamlessly pull the exact data they need right when they need it, all at no extra cost to them.”

1sourcevend’s new API aims to enable distributors and their customers to experience improvements in inventory management, including lower carrying costs, reduced shrinkage, improved regulatory compliance and improved forecasting, according to the release.