Planet Antares | Planet Antares Inc | Planet Antares Vending

A blog to discuss vending solutions provided by Planet Antares Inc

Monday, August 18, 2008

New Pricing Strategies For Planet Antares Vending Operators

These days, vending operators are implementing new management tools for monitoring turns with the minimum amount of extra labor. This has resulted in the evaluation of pricing strategies by several Planet Antares vending operators.

Since the past many years, Planet Antares vending operators have been complaining about the inability to raise prices to the same level as other retail channels. Generally, the vending prices depend on the competition and customer contracts. Most of the vending operators agree that a more scientific pricing strategy would enhance sales and profits.

According to one theory, you should not pass the savings on to the customers so that pricing can be simplified and the bottom line of your Planet Antares vending business increased. The price of certain items can be reduced and the gross margin produced at the same or higher level than the branded items. You need to ensure that your Planet Antares vending machines are able to attract customer attention.

The ‘take out’ customer service is a huge opportunity for generating profits and growth for your vending business. This is still not explored completely by vending operators. Another important thing is the reduction of dependence on large companies if vendors get support from secondary suppliers.