The importance of a simple to use and print spreadsheet when managing inventory has been recognized for years. Having an inventory tracking software that is easy to understand, useful and completely customizable makes it simple to work with.
With these types of products, it’s crucial to get the inventory right, as the key to keeping it stocked. It may seem like a lot of work, but a simple spreadsheet helps ensure you don’t buy too much or overstock. Your chances of missing out on sales are dramatically decreased when your machines are fully stocked.
Inventory management software allows you to develop a plan of action for the stocking of your vending machines. The purpose of the software is to help keep track of the exact quantity and variety of products that are being sold, the number of days between the last purchase and the next, how much money you’ve spent, and all the expenses you incur as a result of selling products.
How Vending Machine Inventory Software Helps You Manage Your Business
Any time you purchase a new piece of software or if you want to upgrade your current inventory management system, you’ll need to read the end-user license agreement. The agreement will outline what you’re permitted to do with the software and what you’re not.
An updated version of the EULA can be obtained online from the Electronic Products Association. Most of the major vendors have a version that they are happy to sell you.
This type of inventory spreadsheet is particularly useful in situations where you’re switching vendors or changing vending machines. You’ll know exactly what inventory you’re working with, the sales you’re making, and how much of a profit you’re making on each machine.
While you may have to do some work to create the handheld version, most vendors sell a portable version. The handheld version is even more convenient because you can run itfrom your lap, on a keyboard, or even from your backpack.
While you may want to check your local library for literature on creating inventory, most vendors provide detailed instructions and a unique location for printing your spreadsheet. If you don’t have access to computers, this is a great alternative.
All of the vendors I recommend this software to provide good customer service and some one-on-one training, and this doesn’t mean that they’re all “cheaters”. Some of them have worked very hard to help clients like you understand how to use this software, how to use it effectively, and how to use it in the best possible way.
Vending machine inventory software can help you manage your vending machine inventory with a single screen. The spreadsheet will automatically fill in all of the necessary information, allowing you to enter sales data automatically into the spreadsheet so you never miss a sale.
There are many cases where multiple vendors may be involved, and if there are, then this kind of software is useful to use on a “pro” basis to stay on top of the marketplace. For example, you could use the spreadsheet to create a one-page report, with a tabbed interface that allows you to add charts, show exactly what sales per vending machine are, and even link to your purchase order or your vendor agreements. LOOK ALSO : vacation tracking spreadsheet