Business PME is a gate of free information bound for the companies in the United States of America. This website offers thousands of contents as well as a companies directory.
The group’s other BtoB websites
-- Professional Networking
Tursday March 11th 2010
Searcharticles Search
companies
- Strategy
- Marketing
- Advertising
- Trade
- Human Ress.
- Law & Rights
- Economics
- Finance
- Production
- Technologies
Vending machine | ||
A vending machine is a machine that dispenses merchandise when a customer deposits sufficient money into a slot or vent to purchase the desired item (as opposed to a shop, where the presence of personnel is required for every purchase). The money (usually coins) is validated by a currency detector. It is believed to have been first invented by Hero of Alexandria, a 1st century inventor. His machine accepted a coin and then dispensed a fixed amount of holy water. In the Items sold via vending machine vary by country. For example, some countries sell alcoholic beverages such as beer through vending machines, while other countries do not allow this (usually because of dram shop laws). Cigarettes were commonly sold in the Oddly, during the 1950s, life insurance policies were sold through vending machines at airports, but this practice disappeared due to the tendency of American courts to strictly construe such policies against their sellers. InnovationsVending has gone through significant changes over the decades. Many machines are still evolving to take credit cards and monitor machines from afar. Tim Sanford of Vending Times notes, "many vendors today do not remember the urgency with which industry leaders called on their peers to install coin mechanisms that held the patron's money in escrow until the vend was made; to post a telephone number that a customer could call to report a failure and request a refund; to make sure their drivers were cleaning the machines adequately and replacing burnt-out lamps; and so on and on." More recent innovations include improved coin and bill validation and the rapid adoption of sense-and-feedback systems to verify that the vend was made. One of the newest vending innovations is telemetry. According to Michael Kasavana, National Automatic Merchandising Association Endowed Professor at The School for Hospitality Business, This is important because research shows that 50% of consumers will not make a purchase from a vending machine if its "use exact change only" light is on. Machines equipped with telemetry can transmit sales and inventory data to a route truck in the parking lot so that the driver knows exactly what products to bring in for restocking. Or the data can be transmitted to a remote headquarters for use in scheduling a route stop, detecting component failure or verifying collection information. Telemetry could be one of the most significant developments in vending technology since the invention of the bill changer. With consumers wanting quick and convenient access to competitively priced products, the vending industry has seen a great deal of growth over the last ten years. Vending offers new entrepreneurs a way to start businesses which can grow quickly. Snack, beverage, candy and food vending machines continue to be the most lucrative and stable in the market place. New innovations in service vending machines include internet kiosks and DVD vending. Cashless vending now allows consumers to use debit cards for added convenience. Vending is a multi-billion dollar industry, and growing. Copyright 2008 - France BtoB from Wikipédia
|
• Most favoured nation
• Convenience stores in the United States • Body language • Vending machine • A questioning technique: Spin • AAMCO • Outback Steakhouse | |
