Did you know the global industrial vending market surpassed $2.2 billion in 2019 and is on track for continued exponential growth in the coming years? Distributors should review their current vending options and ensure they are providing the best options for their customers related to this trend.
Mark Hill outlines five common mistakes that distributors make when considering and offering vending and inventory control solutions, and how to overcome them.
The benefits of industrial vending machines include: safe and effective tracking and dispensing of critical inventory items at the point of use, inventory management software which offers real-time visibility into inventory numbers, eliminating stockouts and overages, and reports for planning, identifying usage patterns and maintaining compliance.
In Want to Succeed with Industrial Vending? Stop Making These 5 Mistakes, published by Distribution Strategy Group, 1sourcevend Founder Mark Hill advises distributors to embrace the benefits of industrial vending solutions and discard outdated ideas and practices related to vending. Customers, now, more than ever are seeking vending solutions for inventory management and tracking.