As a vending operator, staying on top of stock management is key to running a successful business. It’s essential to ensure you have the right products in the right machines at the right time, and that your warehouse is well-stocked to meet demand.
While the Vendon dashboard and machine monitoring alerts help you keep track of low stock across machines, sometimes you need more detailed insights. That’s where the Inventory Report comes in – it gives you a clear view of stock levels for each product in all your machines, with the ability to dive into details with just a click.
1. Optimize Your Ordering
The Inventory Report provides a comprehensive list of all products and components currently assigned to your vending machines. You can instantly see how much of each product is available across your entire fleet. If stock levels are low, it’s a signal to review your warehouse inventory and order more to ensure you’re ready to refill machines as needed.
2. Monitor Costs and Profits
If you’re already using our cost price and profit module, the Inventory Report becomes an even more powerful tool. It shows you not only the potential revenue if you sold all available stock, but also the total cost of these products and the profit you stand to make. Having these numbers at your fingertips helps you understand the value tied up in your machines and gives you a quick overview of your profit margins.
3. Compare Product Performance
The Inventory Report’s product details panel allows you to see how well each product is selling across different machines. For example, you can easily spot if one machine has low stock due to recent sales, while another machine has the same product fully stocked but no recent activity. This insight helps you make informed decisions, like swapping out underperforming products or adding extra stock to high-demand locations.
4. Track Expiry Dates
No one wants to dispense expired products – it’s bad for business and customer trust. With Vendon IoT, you can reduce the risk of this happening by entering the product’s expiration date when refilling machines. The Inventory Report will then help you identify which products are nearing their expiration date, allowing you to prioritize refilling those machines first. Any past-due dates are highlighted in red, so you can quickly spot and address any issues.
5. Review Pricing Across Machines
Whether you set consistent pricing across all machines or adjust prices based on location, the Inventory Report helps you easily manage product pricing. It shows the price of each product in every machine, allowing you to sort prices from lowest to highest and identify any inconsistencies. If needed, you can make changes directly by clicking on the machine’s name and updating the price on the spot.
Maximize Efficiency with Vendon Cloud
By tapping into the data available through Vendon Cloud, achieving your sales and operational goals becomes easier. With the Inventory Report and other tools at your disposal, you can optimize your vending business, improve stock management, and boost revenue.
Ready to elevate your vending operations? Contact us today at grow@vendon.net or reach out to your local distributor to get started.
