Why Do Vape Businesses Choose Luminous?

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Why Vape Businesses Choose Luminous

The vape industry has experienced a surge in popularity in recent years. According to Statista, the global vape market is expected to reach over $61 billion by 2025. With such significant growth, it is crucial for vape businesses to have a streamlined and efficient supply chain to meet the demand of customers. This is where Luminous, a software company that organizes your supply chain from purchasing all the way to your warehouse fulfillment, comes into play.

One of the biggest challenges for vape businesses is managing their inventory and fulfilling orders. Many resellers still use outdated methods such as QuickBooks to invoice and run their fulfillment operations. However, this is not the most efficient way to manage a business, especially when it comes to taxes. In fact, according to a survey conducted by the National Small Business Association, small businesses spend an average of 80 hours a year on tax preparation. This is where Luminous can make a significant difference.

Luminous offers a comprehensive solution that allows vape businesses to streamline their supply chain operations from start to finish. With Luminous, businesses can manage their purchasing, inventory, order fulfillment, and shipping in one place. This helps businesses save time and money, as they no longer have to manually enter data into multiple systems or worry about the accuracy of their inventory levels.

Pact Act Compliance

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One of the biggest advantages of using Luminous is the integration with Token of Trust and Avalara. These two plugins automate the tax process, which is a significant benefit for vape businesses. Tax compliance is critical for businesses, and with the constant changes in regulations, it can be challenging to keep up. However, with Luminous, businesses can automate the tax process, making it easier to comply with tax regulations and avoid costly fines.

Token of Trust is an identity verification and background check plugin that ensures businesses are selling to legitimate customers. This is especially important for the vape industry, which has strict age verification requirements. Token of Trust verifies the identity of customers, ensuring they are of legal age to purchase vaping products. This helps businesses comply with age verification regulations and avoid selling to underage customers.

Avalara is a tax automation plugin that helps businesses manage tax compliance. It automatically calculates taxes based on the customer's location, making it easier for businesses to comply with tax regulations. Avalara also keeps up to date with the latest tax changes, ensuring businesses are always in compliance.

Manage Your Inventory Levels In Real-Time

Another benefit of using Luminous is the ability to manage your inventory levels in real-time. With Luminous, businesses can see their inventory levels in real-time, which helps them avoid stockouts and overstocking. This helps businesses save money by avoiding excess inventory, and it ensures that they can fulfill orders promptly. Luminous also offers features like demand forecasting, which helps businesses plan for future inventory needs.

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Superior Visibility with Custom Reports and Dashboards

Luminous also provides a powerful analytics dashboard that helps businesses make data-driven decisions. The dashboard offers insights into sales trends, customer behavior, and inventory levels. This helps businesses make informed decisions about their supply chain operations, such as when to order new inventory or how to optimize their shipping process.

In conclusion, the vape industry is growing rapidly, and it is critical for businesses to have an efficient supply chain to meet customer demand. Luminous offers a comprehensive solution that helps businesses streamline their supply chain operations, from purchasing to warehouse fulfillment. With integrations with Token of Trust and Avalara, Luminous helps businesses automate tax compliance, which is crucial for any business. The ability to manage inventory levels in real-time and access a powerful analytics dashboard helps businesses make informed decisions about their supply chain operations. So, if you're in the vape industry and want to stay ahead of the competition, consider using Luminous to streamline your supply chain operations and take your business to the next level.

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