Wednesday, February 18, 2009

Planet Antares Vendors Plan Optimal Product Mix

Usually, Planet Antares vending business owners are aware of and offer the most demanded product mix. The employees who are responsible for filling of the vending machines need to ensure 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. This can be done through category management.

By applying this system, you can simplify product selection at the route and warehouse levels and also 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.

However, several vendors hesitate in using category management because it involves a non conventional 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
Planet Antares vending operators can enjoy higher sales for their vending machines by selecting the fastest turning products. 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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