Global inflation that started at the end of the last year certainly influenced all industries. It increased the prices of components, the fuel that powers machinery and transportation means, and, subsequently, the costs of goods and services sold to end-users.
Vending and automated retail weren’t’ immune to this price fluctuation. In fact, EVA has reported an increase of almost 5% in hot beverage and food vend prices across Europe in 2021 vs. 2020. And continuous inflation in 2022 is bound to top those price surges.
This brings a lot of work for vending operators who need to adjust their prices more often. Without any central system, this means more field work, higher fuel costs, and significant delays in price adaptations.
Manage prices remotely with Televend
Televend’s remote price management system helps you stay on track with market fluctuations and avoid high operational costs.
How does it work?
Televend Cloud is a central system where managers can create planogram templates and apply them to all their similar machines.
When they need to change a specific price, they can do it in a template for all machines at once.
The change in the cloud is automatically pushed on all the machines on the field without the need to drive and manually switch the prices. With smart ETL and display machines, the change can also be pushed to the price labels.
The average cost of visiting a machine is €15-20 including fuel and manpower costs. If you consider that you’re visiting a machine, say, twice per three months to update the prices, you can save up to €160 per machine annually with Televend. Even with the relatively modest number of 100 machines, the savings can go up to a staggering €16.000!
On top of saving operational costs, you can get a range of other benefits with Televend’s remote price management. You can:
- Preserve margins by adapting to inflation and higher purchase prices faster
- Save time by making changes centrally from the back office
- Increase sustainability and lower carbon footprint with fewer drives
- Boost profit by discounting or increasing prices more flexibly
- Allocate the workload more efficiently by relying on one office manager instead of multiple field operators
If you want to learn more about Televend, contact us and get a free tour.
Global inflation that started at the end of the last year certainly influenced all industries. It increased the prices of components, the fuel that powers machinery and transportation means, and, subsequently, the costs of goods and services sold to end-users.
Vending and automated retail weren’t’ immune to this price fluctuation. In fact, EVA has reported an increase of almost 5% in hot beverage and food vend prices across Europe in 2021 vs. 2020. And continuous inflation in 2022 is bound to top those price surges.
This brings a lot of work for vending operators who need to adjust their prices more often. Without any central system, this means more field work, higher fuel costs, and significant delays in price adaptations.
Manage prices remotely with Televend
Televend’s remote price management system helps you stay on track with market fluctuations and avoid high operational costs.
How does it work?
Televend Cloud is a central system where managers can create planogram templates and apply them to all their similar machines.
When they need to change a specific price, they can do it in a template for all machines at once.
The change in the cloud is automatically pushed on all the machines on the field without the need to drive and manually switch the prices. With smart ETL and display machines, the change can also be pushed to the price labels.
The average cost of visiting a machine is €15-20 including fuel and manpower costs. If you consider that you’re visiting a machine, say, twice per three months to update the prices, you can save up to €160 per machine annually with Televend. Even with the relatively modest number of 100 machines, the savings can go up to a staggering €16.000!
On top of saving operational costs, you can get a range of other benefits with Televend’s remote price management. You can:
- Preserve margins by adapting to inflation and higher purchase prices faster
- Save time by making changes centrally from the back office
- Increase sustainability and lower carbon footprint with fewer drives
- Boost profit by discounting or increasing prices more flexibly
- Allocate the workload more efficiently by relying on one office manager instead of multiple field operators
If you want to learn more about Televend, contact us and get a free tour.
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