Tuesday, November 25, 2008

Characteristics Of Dishonest Vending Operators

As a part of the vending industry, you will come across all kinds of entrepreneurs and their operations may or may not be legitimate. Successful vendors are those who can recognize dishonest vending operators and steer clear of any business relationships with them as partners, suppliers or customers.

Usually, a dishonest vending operator will report fictitious lower sales to the client. Alteration of the original, actual amount is done at some point during:
• Collection
• Counting
• Data entry
• Commission calculation

Even though all these are performed by a single person, all other members of the vending operator are unaware of the scam. This may include the manager or even the route driver. As the owner of Planet Antares vending business, you will need to hire people who are trustworthy to run your vending business. If the personnel are dishonest, this will bring bad reputation to you.

In certain cases, vending operators are comfortable running a dishonest vending business and their only concern is to prevent the customer from finding out. If he is recognized as a fraudster, he will loose the account and possibly face legal charges to recover lost commissions. Such circumstances can be avoided if you employ honest and experienced staff in your Planet Antares vending business.

Commonly, the operator’s team handles cash or products that can be converted into cash. Make sure that you employ individuals with ethics, moral integrity and a conscience to prevent stealing incidents in your vending operations.

A dishonest vendor will not only face the risk of losing customers but even the real market risk. Occasionally, every vending operator may loose a client account. For example: If a location is lost due to under reporting of sales and is taken over by a reputable Planet Antares vending operator, it will show a sharp increase in sales and hence, greatly appreciated.

Other than this, there is a big chance that the reliable operator may drive the dishonest operator out of business. He may contact other locations and tell them about the wrongful activities of the fraudster vending operator. In the end, this means more business for the legitimate vending operators and higher profitability in the end.

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