Blog
The latest news about Vendon, industry trends, and practical advice to grow your business
The easiest way to refill a vending or coffee machine is to stuff it to the brim with products at each visit and leave. Yet, this approach is risky as all products do not sell equally well in all locations – the result might be expired and unsold stock, and revenue loss.
However, there is a smarter way to work. By optimizing the profile of each product you have set up in Vendon Cloud, you can achieve a much better stock throughput. This means that items that are selling well are filled to the max capacity of each spiral while slow movers are only replenished to 50% capacity. Stock that would sit unsold in one location can be moved to a different location where the product is more popular. Thus, you can spend less on stocking your machines and earn more by selling out the stock that's in the machine.
Moreover, to facilitate machine setup, you can set the refill-related values on a product level, and they will be prefilled automatically when you add the product to a machine. If necessary, you can customize the value for each machine but in many cases, it will save time for each new installation.
Not interested in tracking components in coffee machines? Mark them as non-refillable components! That way, you can skip the product settings, and you won't receive any alerts.
These changes may seem very small, and in isolation, that is true. However, when applied to tens or hundreds of vending machines or coffee machines, the product profiles can have a major impact on your sales results and reduce the number of machine visits required to keep the business running. With Vendon IoT and payment solutions, you can start making improvements right away!
Back To All PostsStart optimizing your vending business today and boost your revenue – get in touch with us at grow@vendon.net or your local distributor.