There are 5 tell-tale signs that operators are running a successful vending operation. From personnel, to logistics, and facilities, there are commonalities between successful businesses.
Join Chris Stave, an industry pro with decades of experience, as he dives into what makes for a successful vending operation. Over the years, Chris has seen all sorts of operations and the best, most successful operations all have certain things in common. Here are 5 signs to look for when examining successful operations.
A Motivated Team
So many employees in vending are customer-facing. They interface with customers, and they represent your business out in the field. Their attitude truly comes across in everything you do. It is paramount to keep your employees motivated, so that they represent you and your business well. Motivated employees are the first step to a successful vending operation.
An Organized Warehouse
A cluttered desk is a sign of a cluttered mind – the same goes for your warehouse. A successful vending operation has a warehouse that is organized, structured, and efficient. You need to know inventory counts, how products move around, and how your stock is managed to run a successful vending operation.. At the end of the day, a pile of product in your warehouse is really a pile of money. Organizing your warehouse will undoubtedly lead to success with your business.
A Clear Vision
You need to have a roadmap of where you want to be. Have a business plan. What do you want to do next year. What about the year after? Operators really need to have a clear idea of where they’re going. Once you have a plan outlined, make sure you have the right tools to get you there. A successful vending operation has a clear path forward, and the appropriate means to get there.
Embracing Technology
Technology is a huge key to a successful vending operation. Operations that function on pen and paper struggle to compete with companies that utilize technology. Just having technology isn’t enough – you need to make sure you use it effectively. Having the right product in the right machine at the right price is what separates successful companies, and technology helps you get there.
With an all-in-one solution like Parlevel, you can truly manage all of your business lines in one platform. Many other technology providers require integrations, and data can get lost in translation. With Parlevel, seeing your entire business in one place will help you get ahead of your competitors, and run a successful vending operation.
Remote Monitoring of Machines
Unforeseen events happen in every industry, and vending is no different. With remote monitoring, you can stay notified of machine issues like bill jams, coin jams, or even plan for inclement weather.
When you know what is going on with your machines, you can give them the attention they require. Instead of being reactive, you’re proactive. With remote monitoring, you can make sure your machines are taken care of, and you can continue servicing your customer at a high level – no matter the circumstances.
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