Planet Antares | Planet Antares Inc | Planet Antares Vending

A blog to discuss vending solutions provided by Planet Antares Inc

Friday, March 27, 2009

Ideal Product Mix For Stocking Vending Machines

Every vending operator must aim to offer the product mix in demand. If your business employees perform this task, make sure that they place the right products in every vending machine. a larger variety of products can be offered to customers by rotating them frequently. To accomplish all this, category management will be required.

In simple words, category management is a system that simplifies product selection at the route and warehouse levels as well as helps in controlling the machine menu. Several products only turn quarterly and this costs the company in terms of tying up the warehouse space.

Some vending operators hesitate in using category management due to the need for a different way of selecting products from the traditional practice. Planet Antares emphasizes that the problem with the conventional product selection based on the prejudices of the owner or route driver is that it is costing the operators more in sales and profits. Product mix selection must be made through category management by Planet Antares vending operators.

Using category management allows you to save money in different ways like the following:

1. Higher profitability resulting in increased location sales
2. Lesser cash investment in inventory from a reduced number of stock keeping units in the warehouse
3. Greater labor efficiency and higher productivity

Your Planet Antares vending business can benefit from higher sales when you choose the fastest turning products for filling the equipment. As the inventory level reduces, so will the amount of investment in fewer but faster turning products.

In the end, you will have to manage lesser number of products and face lower burden of inventory as well as chances of error.

Labels: ,