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Develop a Thriving Business: Top Tips


About Me

Develop a Thriving Business: Top Tips

My passion in life is the world of business. Although I don't have any expert knowledge, I have spent a very long time learning all I can about how different businesses perform across a variety of sectors. I love to spend my evenings reading all of the latest business news so I can keep on top of all of the latest developments and trends. Here, I will be publishing lots of articles which explore topics such as cashless payments, e-commerce, logistics and product development. I hope you find something here which proves useful as you continue to grow your business.

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Why Vending Machines Are Becoming The New Way To Manage Inventory
21 May 2020

Since the vending machine was invented, its purpos

Why Vending Machines Are Becoming The New Way To Manage Inventory

Since the vending machine was invented, its purpose has virtually remained unchanged. Whether this is because the idea of what a vending machine is was so deeply ingrained into many peoples brain or simply because no one had come up with a better use for them, finally this stagnation in innovation is over. Industrial vending machines are a method of inventory management that helps companies better understand and supply their workers. Here is a brief outline of why industrial vending machines could save you a lot of money.

What Are Industrial Vending Machines?

The core concept of a vending machine is that inventory is displayed in a large unit and dispersed when the corresponding input for it is given. This foundation is the same in both commercial and industrial vending machines, the only thing different is the way you access the items. In a commercial vending machine you use money, while in an industrial vending machine you use your employee identification number. This is useful to keep equipment neatly stored while also monitoring consumption so when it comes time to order new stock, you have a much more accurate data points to ensure your order is accurate and budget-friendly. 

My Industrial Equipment Is Oddly Sized And Won't Fit Into An Industrial Vending Machine

There are several options when it comes to industrial vending machines. There are those that look identical to commercial vending machines which can fit masks, stationery, small tools and so on. Then there are weight-based vending machines which have trays and 'cubby holes' which store helmets, heavier tools and valuables like laptops. Or, if you need smaller storage for precise tools that need to be kept individually you can get a carousel vending machine. There are many options to suit all kinds of industrial applications.

Stop Waste

When your employees use industrial vending machines they begin to realise just how many items they actually use on a day-to-day basis. It is easy to forget this when you aren't forced to take stock and request it from a vending machine. By adding this layer in, you remind them just how important it is to be careful with what they do take out. This can reduce accidental waste by a huge margin, and also directly ties equipment to the employee identification. Often the costs saved from waste are more than enough to make up the cost of the industrial vending machines themselves.