STOCK CONTROL
Closing the loss loopholes
As the dash to ‘cashless’ accelerates, it’s never been easier for operators to control their stock.
Until recently, you could take it as read that cash was at the heart of every vending business. As such the handling and safeguarding of coins was always the focus of attention for operators. In the wider society, however, there has been a massive decline
in cash payments and it is anticipated that contactless payments will continue to grow rapidly in the coming years. It’s these contactless payments that have allowed the
introduction of improved audit capability in vending machines, increasing visibility and compliance whilst reducing the amount of cash in vending businesses. The upshot is that stock losses, caused for example by wastage, gram throw management and general shrinkage are now more visible – and more quantifiable – than ever before. Therefore, the need to focus on stock to close those ‘loss loop-holes’ has never been greater. Vendman is addressing this challenge by developing products that deliver to vending operators real ‘cradle to grave’ stock management, from purchase through to machine placement, commercial director Daniel Hamby reveals. The company’s award-winning
SQL Live, tracks stock from warehouse to van to machine, completing the total control loop by reconciling stock against cash sales. In addition, telemetry will continue to play a growing role in stock management. “As the dash to ‘cashless’
accelerates, it has never been easier to monitor and control stock in your vending business, thanks to the market-leading experience and expertise of Vianet Smart Machines, powered by Vendman,” Daniel says.
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