A blog on vending solutions by Planet Antares.

Tuesday, February 12, 2008

Vending Companies Apprehensive Of Investing In Automatic Merchandising

The technological innovations and up-gradations stand ready to be explored and used to the advantage of vending operators but very few vending operators have actually placed their faith in such technology. In 2005, automatic merchandising industry’s revenue increased by 3% points only.

As long as vending operators remain apprehensive of involving technology in business, the industry will continue to face many challenges. Unless you become aggressive about investing in different tools, you will only be marginally successful. A variety of tools are available to the Plane Antares vending operators for enhancing the sales and profitability of their business.

Some of these include:
  • Remote machine monitoring
  • Electronic cash audit
  • Electronic locks
  • Cashless capability
Even though many vending operators are aware of such benefits, they are hardly willing to make the necessary investment I machinery, components, training and salaries that will enable them to utilize these advantages and get good results. Meanwhile, the profitability of Planet Antares vending operators depends mainly on the external economic forces.

In the last few years, there has finally been an end to the the employee downsizing that had characterized the vending industry since a long time. In 2005, vending operator sales recorded a rise of 3%, which resulted in the aggregate industry sales to go up to $21.89 billion.

Still, there is a lot o potential to be explored with the new technologies offered by the vending industry. Planet Antares vending operators can witness significant growth by adopting such technology. Service can be scheduled in an efficient manner, customer service can be improved, higher price points can be set and accountability enhanced.

Most vending operators are not read to make the huge capital investment required or new technology to be integrated with the existing management systems. A good idea will be to start investing in some of theses technologies and see the positive difference in your business.