Keeping track of your vending machines’ inventory is a vitally important part of maintaining strong sales: No one wants to see a half-stocked machine, and when an item is really popular, you want to make sure levels stay high so you can take advantage of that popularity.
There are three primary ways to track and control inventor:
- Go “old school” and track by hand: Grab that clipboard and pen and get to counting. Tracking by hand may have once been the standard, but by today’s standards, it’s tedious and an unproductive use of time.
- Use a spreadsheet: Excel offers lots of customizability and it’s certainly more efficient than keeping track by hand. But this method still requires manual entry, and that means it can still be time-consuming.
- Tap into inventory management technology: IDS’ iQ technology vending machines represents the most advanced inventory tracking system available for vending machine operators. iQ lets you track your inventory remotely from your computer, laptop, tablet or smartphone – any device that has an Internet connection. You can even check the income from cashless machines that let customers use credit cards to securely make purchases.
Inventory control has come a long way in the last few years. Using an inventory tracking system like iQ lets vending business owners spend less time counting stock and more time building a successful vending business.