Tracking Sales & Inventory In Vending Business.
Do you know the profitability levels of your vending business? Have you ever measured the success of your vending business? Are your competitors ahead of you? Which products can increase / decrease your sales? Answers to all the above questions are imperative for the growth of a business in the competitive environment. Mere installation of the vending machines should not be the ultimate goal of a vending operator. Until and unless, an operator doesn’t have sales, product performance and customer trends data, it is tough for him to plan the vending operations effectively. So it is very important to track sales, inventory and cash in a vending business on regular basis.
With inputs from data and comparison of past sales trend, an operator can find out what products are doing well and which ones needs to be replaced. Performance comparison of machines placed at different locations can also help you plan the necessary changes required in operations. Data showing high sales on particular days can give you sign of refilling machines to maximum for those days. For example, on Saturdays, you can witness high sales in shopping areas, while low sales in schools and offices, with sales and inventory data by your side, you can plan to stock your shopping mall vending machines to maximum capacity on Saturdays.
With one or two machine, data collection and analysis is quite easy. But as the number of machines increases, keeping a track of the vending operation becomes difficult and an inevitable part of the job. With large number of machines, manual data collection is quite tough and a time consuming affair. To tackle that, you need to have some kind of electronic data collection and management system to effectively and effortlessly track sales and inventory data.
Now days, vending manufacturing companies readily incorporate electronic data collection solutions like DEX and MDB in vending machine systems. These systems automatically collect data pertaining to sales made by a vending machine, product inventory and cash collection done by a vending machine. The data can be easily transferred to handhelds, which can be analyzed on office computer. Various accounting / sales softwares can help you track the sales / profits over the period of time. A little analysis can let you know which products to stock in and which one to be replaced. You can use Planet Antares Vending Software for accurate tracking and analysis.
Inventory Management and sales tracking in vending business can be a bit tough, but with remarkable vending machines by Planet Antares, you don’t have to worry about it at all. With high-tech Planet Antares vending machines, you can track your vending operations automatically. Moreover tech support and coaches are always there to guide you to make your vending business a sure hit.
Labels: planet antares, planet antares vending
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