Abstract: A system and method for vending device inventory management is disclosed. The system and method may enable receiving vending data from a processing unit retrofitted with a vending machine controller (VMC) of a vending device. The vending data may be associated with one of a cash transaction or a cashless transaction. The system and method may enable analysing the vending data. The system and method may enable updating an inventory associated with the vending device and recommending a product or combination of products for refilling of the vending device based upon analysis of the vending data. The system and method may enable generating an updated planogram based on the updated inventory. The system and method may further enable displaying an updated planogram along with the product or combination of products recommended on a user device for enabling the user to refill the one or more products in the vending device.

Abstract: A system and method for remotely controlling dispensing of product(s) from a vending device is disclosed. The system may identify a vending device within predefined range of a location of a user device. The system may enable auto pairing of the user device with the vending device. The system may enable the user to select a product from a product list displayed on the user device, wherein the product list is received either from a processing unit of the vending device or the system. The system may transmit the information to the processing unit after completion of transaction associated with the product selected by the user. The processing unit may decode the vending data from the information to trigger dispensing of the product from the vending device. The dispensing of the product is facilitated via a vending machine controller (VMC) of the vending device or directly through the processing unit.