Planet Antares Incorporated | Planet Antares Vending | Planet Antares

A blog for people to know about how to manage and find information on vending business.

Friday, June 6, 2008

Best Product Mix For Planet Antares Vending Machines

As the owner of a Planet Antares vending business, you always need to be sure that you offer the most demanded product mix. If some employees are responsible for filling of the vending machines, make sure that they place the right products in every vending machine. Also, you must rotate the products frequently to offer a large variety to the consumers. To accomplish all this, category management will be required.

Basically, this is a system that simplifies product selection at the route and warehouse levels and also enables you to control the machine menu. There are different products that only turn quarterly and this costs the company in terms of tying up the warehouse space. That’s why category management is implemented by experienced vending operators.

Some vending operators hesitate in using category management because it need a different way of selecting products from the traditional practice. 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. Planet Antares vending operators, among others, must prefer using category management for product mix selection.

You can save in many aspects by using category management, such as:

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

By selecting the fastest turning products, you will be able to ensure higher sales for your Planet Antares vending business. 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.