I just wanted to make this quick video to show you how to use a simple spreadsheet to keep track of your vending business. While there are software out there, you don't need on, especially to.
- The business problem I addressed with this project was how to track and analyze sales at a vending machine that my Dad and I operate. We own a snack and drink vending machine, and I stock it, set prices, collect money, and choose which products will be sold.
- From automated inventory control solutions to Office, IT, EMS, and Pharmaceutical automated vending applications, iQ Technology transforms the inventory management process by maximizing the way organizations purchase, manage, sell, store, and allocate inventory.
Executive Summary
The business problem I addressed with this project was how to track and analyze sales at a vending machine that my Dad and I operate. We own a snack and drink vending machine, and I stock it, set prices, collect money, and choose which products will be sold. So far, I have just written down in a notebook the items that are sold each collection period, and so I had no effective way of keeping track of what I have sold in the past, for how much, how much profit I have made, what is currently in the machine, and when I need to restock. This project provided an opportunity to organize that information into a spreadsheet and automate the spreadsheet to a level where I can get all the information I am looking for. As a note, I used fictional numbers for the spreadsheet I uploaded. They are sufficient to demonstrate the functionality, and are indicative of the type of numbers I see in tracking the machine.
The system I built grew beyond the original scope I had set in my proposal. This became necessary to get all the information I needed and wanted. With the system I am able to enter products through forms into the spreadsheet. I am also able to enter sales for each sales period, and the spreadsheet calculates and tracks units sold, revenue, cost of goods sold, and profit. It also has an inventory system which is automatically updated when items are purchased, sold, or written off, and you can get a current status of all inventory with the click of a button. Since cash collection does not usually line up with the revenue, and to account for sales tax when I purchase items, it became necessary to create a separate cash tracking sheet, with forms to enter that data. There are also some forms and functions used for convenience, such as the ability to change product names and see those changes reflected in relevant sheets. One of the nicer features is the ability to get a summary of units sold and profit made for any specific item, or for all items, over the user selected time period. These results can also be used to automatically generate charts for that information.
Project Write UP
I just wanted to make this quick video to show you how to use a simple spreadsheet to keep track of your vending business. While there are software out there, you don't need on, especially to.
- The business problem I addressed with this project was how to track and analyze sales at a vending machine that my Dad and I operate. We own a snack and drink vending machine, and I stock it, set prices, collect money, and choose which products will be sold.
- From automated inventory control solutions to Office, IT, EMS, and Pharmaceutical automated vending applications, iQ Technology transforms the inventory management process by maximizing the way organizations purchase, manage, sell, store, and allocate inventory.
Executive Summary
The business problem I addressed with this project was how to track and analyze sales at a vending machine that my Dad and I operate. We own a snack and drink vending machine, and I stock it, set prices, collect money, and choose which products will be sold. So far, I have just written down in a notebook the items that are sold each collection period, and so I had no effective way of keeping track of what I have sold in the past, for how much, how much profit I have made, what is currently in the machine, and when I need to restock. This project provided an opportunity to organize that information into a spreadsheet and automate the spreadsheet to a level where I can get all the information I am looking for. As a note, I used fictional numbers for the spreadsheet I uploaded. They are sufficient to demonstrate the functionality, and are indicative of the type of numbers I see in tracking the machine.
The system I built grew beyond the original scope I had set in my proposal. This became necessary to get all the information I needed and wanted. With the system I am able to enter products through forms into the spreadsheet. I am also able to enter sales for each sales period, and the spreadsheet calculates and tracks units sold, revenue, cost of goods sold, and profit. It also has an inventory system which is automatically updated when items are purchased, sold, or written off, and you can get a current status of all inventory with the click of a button. Since cash collection does not usually line up with the revenue, and to account for sales tax when I purchase items, it became necessary to create a separate cash tracking sheet, with forms to enter that data. There are also some forms and functions used for convenience, such as the ability to change product names and see those changes reflected in relevant sheets. One of the nicer features is the ability to get a summary of units sold and profit made for any specific item, or for all items, over the user selected time period. These results can also be used to automatically generate charts for that information.
Project Write UP
Vending Machine Inventory Excel Problems
Full list anime dubbed. Keeping track of your vending machines' inventory is a vitally important part of maintaining strong sales: No one wants to see a half-stocked machine, and when an item is really popular, you want to make sure levels stay high so you can take advantage of that popularity.
Vending Machine Inventory Excel 2017
There are three primary ways to track and control inventor:
- Go 'old school' and track by hand: Grab that clipboard and pen and get to counting. Tracking by hand may have once been the standard, but by today's standards, it's tedious and an unproductive use of time.
- Use a spreadsheet: Excel offers lots of customizability and it's certainly more efficient than keeping track by hand. But this method still requires manual entry, and that means it can still be time-consuming.
- Tap into vending machine inventory tracking and management technology: IDS' iQ technology vending machines represents the most advanced inventory tracking system available for vending machine operators. iQ lets you track your inventory remotely from your computer, laptop, tablet or smartphone – any device that has an Internet connection. You can even check the income from cashless machines that let customers use credit cards to securely make purchases.
Vending Machine Inventory Excel Download
Inventory control has come a long way in the last few years. Using an inventory tracking system like iQ lets vending business owners spend less time counting stock and more time building a successful vending business.
