Vending is a complicated business – from chasing trends, providers, and machine maintenance, to juggling logistics and customers, and always wondering how to track vending better.
You work hard, so it’s important to choose the right system: a trusted, end-to-end vending solution that enables you to go cashless, build your business, and make customers happy. And, it’s especially critical that it have vending inventory management features, giving you a full view of your inventory so that you can really balance everything out. Such an inventory management system, based on vending tracking software and a vending machine app, is designed to remotely and in real-time, monitor and control stock inventory in the most efficient, data-driven ways.
Top Inventory Management Features
Inventory management with a stellar system like Nayax provides you with a comprehensive dashboard and important tools that allow you to:
Never Be Caught Off Guard Again
Keep track of machine stock in real-time, so that you are never left with an empty bin. You can set up alerts and a threshold for stock levels per product and per bin.
Build a Base So You Don’t Have to Start from Scratch
Create a product map for each machine to help efficiently manage that stock, down to the exact row. Nayax even recently released product map templates by machine type for easy map setup.
Stay on Top of Your Various Machines
Use product catalogs to keep track of specific products across your machines. You can upload a photo, name, and pricing information, which can also help for easy product map setup. This way, between each individual machine’s product map and larger cross-machine cataloging, you’ll be covered.
Make Everything More Efficient
Utilize picklists, which are essentially “grocery lists,” that can be automatically generated either for a single machine or in bulk, based on the status of the machines’ inventory. Nayax now even has the option to download picklists as PDFs for you or a team member so your to-do list is ready to go.
Protect Your Stock
Monitor machine temperature – which is very important with perishables – using a sensor set up on the machine, via the new Temperature KPI.
Avoid Scrambling
Have all the action at your fingertips. Use the action bar to do any number of tasks easily. So, scan a barcode to add a product, search by a product’s name, import a product map from one machine to another of the same kind, etc.
Work in Bulk
Working in bulk where possible reduces time and energy spent on individual tasks. Put bulk actions into place for picklists across multiple machines remotely.
Stay in-the-Know
Use the sales screen to search revenues for specific transactions by various filters and find specific details on them.
And so much more.
Ask us about our inventory management system
Benefits of Inventory Management Software
The business benefits of this kind of vending machine management software are impressive. Here’s what you can expect:
Optimized Stock Levels
Maintaining the right stock levels ensures that your vending machines are never understocked or overstocked. So, you minimize lost sales.
Improved Cash Flow
By optimizing inventory levels, you can manage your cash flow better. You’re not tying up excessive funds in inventory that is sitting in machines unsold for extended periods of time.
Reduced Waste and Spoilage
Proper inventory management helps minimize spoilage of perishable items, which is crucial in vending machines where freshness is key to customer satisfaction.
Enhanced Productivity
When your machines are stocked efficiently, you reduce the time spent by staff on restocking and managing inventory. This frees up you and your resources to focus on other aspects of the business, such as customer service and machine maintenance.
Better Customer Satisfaction
People want what they want. When machines are consistently stocked with the most popular items, customer satisfaction improves greatly. And customers are much more likely to return to machines that reliably have the products they desire.
Data-Driven Decision Making
Effective inventory management involves tracking sales data and trends. This data can provide valuable insights into which products are selling well and which ones aren’t, so you can adjust your product offerings accordingly.
Clearly, real-time monitoring vending and sophisticated vending machine software online have the ability to transform your business and better balance out your operations and revenues. With Nayax, you can manage your business from your desktop or on-the-go via mobile, increasing efficiency, and thus saving time and money.
To learn more about partnering with Nayax and making this happen, contact us here to set up a meeting.
