Vending Industry’s Innovations

The vending industry has gone through significant changes over the decades. Vending machines are still evolving and today we even have vending machines that can accept credit cards and there is also a technology that allows you to monitor vending machines from afar. These innovations can be placed in Planet Antares vending machines, so as to make your vending business more profitable.

Recent innovations also include improved coin and bill validation and the rapid adoption of sense-and-feedback systems that verify the fact that a vend sale took place. This kind of innovation has improved the state of the vending business.

When we talk about innovations, one very significant innovation that we must mention is telemetry. Reliable, affordable wireless technology has made telemetry practical and provided the means through which cashless payments can be authenticated. Research has shown that 50% of consumers will not make a purchase from a vending machine if there is a “use exact change only” light on. If you have a Planet Antares vending machine that is equipped with telemetry, it can transmit sales and inventory data to a route truck in the parking lot. This will help the driver know exactly which products to bring in for restocking. The data can also be transmitted to remote headquarters for use in scheduling a route stop, detecting component failure or verifying collection information. Telemetry is considered to be one of the most significant developments in vending technology since the invention of the bill changer.

Consumers today want quick and convenient access to competitively priced products. This is why technology has played a very significant role in providing consumers with the kind of service that they would expect. Vending is a multi-billion dollar industry that is growing everyday. Planet Antares offers entrepreneurs a way to start businesses which can grow quickly. Snack, beverage, candy and food items continue to be the most lucrative and stable business in the market. Technology has allowed customers convenient access to vending machines.

Modern vending machines like those that are provided by Planet Antares are equipped with spirals to hold products near the access door at the bottom. When an item has been purchased, it has to pass through a laser beam, if it fails to do so the spirals will turn three times to ensure that the product drops. If it still doesn’t drop, the customer will be asked to make another selection or the money will be refunded back.