Friday, November 21, 2008

Deriving Product Mix For Planet Antares Vending Machines

Planet Antares vending business owners are always aware of and 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. Another good idea is to rotate the products frequently to offer a large variety to the consumers. All this can be undertaken through category management.

This system 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. Hence, category management is preferred by experienced vending operators.

In contrast, several vendors hesitate in using category management because it needs a different way of selecting products from the traditional practice. The conventional product selection is based on the prejudices of the owner or route driver and costs 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, higher sales can be procured 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.

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