Best Practices to Stay Profitable

Identifying certain operating metrics is the first step to keeping costs in line with revenues. Antares operators can adjust selection, service schedules and other factors without compromising customer satisfaction.

Software forecasting can reduce inventory

Another way to lower costs and improve profitability is by reducing inventory. This is when software forecasting can be a real help. Knowing what an account needs before a service visit allows the driver to carry only a single day’s inventory instead of the typical two and a half to three days’ supply found on most trucks.

Carrying fewer inventories has the added benefit of requiring smaller vehicles. They are cheaper and more fuel efficient. These data analysis tools in vending software can help Antares vending operators to reduce their inventory. With item level tracking, operators receive actionable data on which products are hot and selling. There is no point in stocking merchandise in your Antares vending machines that a particular account doesn’t want. Eliminating unpopular products and maintaining a more efficient warehouse can have an almost immediate effect on the bottom line.

Provide more value to the same customers

Instead of focusing on lowering your costs, you cab raise the top line by providing more value to your existing customers. There are ways that you provide more value to the customers of your Antares vending operations. This will definitely improve you customer relations.

Improved accountability holds the key to profit

A DEX accountability system will allow you to reduce cash accountability issues to within 01 percent. Without DEX, you can start tracking cash meters and reduce cash accountability significantly. To track warehouse and truck accountability for your Antares operations, you will need to track what comes into the warehouse, moves to the trucks and eventually makes it to machines. The only other way to do this effectively is with software and handhelds with bar code scanning, if you are not ready for that, then you should concentrate on cash accountability with cash meters and tackle the warehouse later.

Costs have made the business environment more challenging, which means that implementing best practices using fact-based data, will allow you to stay ahead of your competition.