Seven Ways to Reduce Costs with Vending Posted on June 21, 2017November 22, 2021 by Border States Reduce consumption Research suggests that vending typically reduces overall consumption by 20 percent. Control access Utilizing industry-leading software and vending equipment, each department has access to what it needs. You can track limits on tool and supply consumption for each department, shift, job or total dollars spent per project. Identify problems If you’re experiencing issues with your current processes, these can be mitigated and resolved. Setting upper control limits for a specific process ensures tools are there when needed. Track usage For increased tracking, individual departments can measure their usage for proper billing based on their usage through vending. That means you’ll know exactly what items are being used by department, which helps you allocate costs. Increase accountability Installing a vending machine at the point of use can help track each department and work cell’s tool usage. The process is recorded, and all usage data is managed in real time, so it’s at your fingertips when you need it. Decrease waste Dispensing the correct package quantity can help you reduce consumption and keep your business on budget. Reduce expenses Only about 35 percent of the cost of ownership is the purchase price of an item. The remaining 65 percent is made up of handling costs. With vending, many of these costs are eliminated.
