Everything You Need to Know About Industrial Vending

1. Everything You Need to Know About Industrial Vending

2. Industrial selling allows companies of all sizes the opportunity to control their inventory management. Businesses large and small have reported significant cost savings due to reduced operating costs, lost production, and safety-related medical expenses.

3. You may be familiar with traditional vending machines that sell soda and potato chips, but a whole world of vending options serves a greater purpose. Industrial vending machines dispense supplies directly to your employees. An industrial vending machine is one of the most advanced lean management solutions available for materials management. This inventory control method is ideal for tracking inventory items at the point of use. It enables companies better visibility into inventory item consumption at the user level and ensures compliance with safety and regulatory requirements for supplies.

4. Traditional inventory management methods that include manual tracking and storage of critical inventory are often riddled with human error. This can result in out-of-stock items or expensive cash purchases, both of which have an immediate impact on worker safety, production targets, and overall profitability. Industrial inventory vending machines combined with inventory control management software offer much more consistent and effective inventory control.

5. Many companies require 24-hour access to inventory at different sites. Industrial vending machines provide a cost effective solution to this need. Supplies and tools are accessible without an employee having to be on site during all shifts.  • Industrial vending machines can sell any variety and combination of items, including gloves and safety glasses, power tools, maintenance, repair and operation (MRO) supplies, and personal protective equipment (PPE).

6. ARE ALL INDUSTRIAL VENDING OPTIONS CREATED EQUAL? • No. While all vending machines offer point-of-use dispensing, the similarities end there. Ease of use, accessibility, and powerful yet simple inventory control software are key differentiating factors when selecting an industrial sales solution for your business needs. Vending machines guided by robust cloud-based software offer users additional capabilities: flexible user permissions, check-in / check-out options, real-time remote inventory tracking and personalized alerts, advanced analytics, customer reports, consumption and optimized purchase options. • In addition, it is essential to access the inventory software on a mobile device. Our unique touch panel comes equipped with a Verizon card ready for immediate cellular use. This means that once installed, the touch panel searches for a cell signal and automatically loads the preconfigured inventory data into the machine ready to be used.

7. The Benefits of Industrial Vending • Inventory control solutions, such as inventory control software and industrial vending, help businesses substantially reduce costs associated with day-to-day operations. MRO inventory items such as cleaning solutions, cutting tools, safety equipment, specialty tools, and personal protective equipment are sold at the point of use. This location substantially reduces the time employees spend walking the shop floor in search of supplies. • If workers don't have the supplies they need to do their jobs, their bottom line will suffer. Out-of-inventory delays lead to increased downtime and decreased customer confidence. • 1sourcevend inventory control solutions eliminate the risk of stockouts or overstock on these critical items. When inventory levels reach a minimum set in the software, our cloud-based inventory control software triggers automatic replenishment for our distributors.

8. BENEFITS OF INDUSTRIAL VENDING MACHINES AND INVENTORY CONTROL SOFTWARE INCLUDE: • Lower transportation costs. Equipment vending machines help you achieve the visibility and precise inventory control required for efficient management and eliminate the need for expensive warehouse personnel. • Shrinkage reduction. Increase accountability by tracking usage at the employee level and limiting the quantities sold. You can also check-in and check-out of high value returnable items with our locker vending machines. • Enhanced regulatory compliance. Vending provides consistent organization, storage, tracking, and documentation of your inventory to regularly monitor compliance.

9. Reduced tax liability. Take advantage of first-year deduction opportunities of up to 100% of the machine cost. (Contact your CPA for more details.) • Machines used to sell industrial supplies are as easy to use as retail vending machines, but they are more advanced than their snack-dispensing counterparts. Industrial vending machines provide detailed data on which users took what, how many, and when. Inventory control software and vending machines help customers improve their inventory tracking ability and employee accountability, resulting in up to a 30% reduction in inventory consumption.

10. Industrial supply vending machines provide benefits such as: • -No cash or credit card - items can be sold via smart card, PIN, or RFID • -Variety - Large and small items can be sold through a traditional coil machine, locker units, or combination units • -Reuse and keep track of high-value items - Personal protective equipment and power tools can be returned to lockers, for example • -Consumption reports: Sales software offers user-level reports to improve employee accountability and forecasting • -Documentation - Sales software EPP usage reports improve security and regulatory compliance

11. For distributors, industrial vending machines and inventory control software can help you effectively manage your customers' inventory, eliminating common problems like production shortages, shipping delays, unbalanced lead times, and lost revenue. When customers save money on unplanned purchases, they are more likely to change existing expenses in their own way. In fact, we have seen distributors capture more than $ 10,000 in additional business each month as a result of our sales and inventory management solutions programs. Distributors save valuable time by being able to see what is needed at a customer's location, giving them valuable insight before heading to a customer.

12. About Us • SupplyPoint is the global leader in Intelligent Inventory Management Machines and Solutions. We provide Industrial Vending Machines, Smart Storage Lockers, Cabinets and Drawers with advance traceability that dispenses tools, equipments and assets automatically. With our smart solutions you can achieve high control over your inventories and assets. We have distributed to over 30 countries in the following industries; Aerospace, Asset Management, Automotive, Rail, Lab & Medical, Government, Office Supplies, Maintenance & Workshops, Process Industries and Industrial Manufacturing and more. • Website - https://supplypoint.com/