Ancillary revenue can have a real impact on a company's bottom line. The extra income generated from additional fees, products, or services, such as a national vending program adds up. The question then becomes a matter of what to do with the extra revenue. Here are four ways your company can manage its ancillary revenue.
Most companies face fierce competition in their industry, which is why brand identity is so important. A strong, recognizable brand helps provide a positive perception of your company among consumers. This perception becomes increasingly difficult to achieve for companies that have multiple locations, where maintaining consistency is paramount and crucial to achieving success. You want people to walk into any store or property and immediately know what to expect, which should be an experience that only your company can provide. Everything from colors, to signage, to how employees communicate need to be aligned among all locations to achieve these branding goals. But what about vending machines?
For most people, the mere mention of vending machines likely conjures up images of Coke and Pepsi beverages or rows of chips and candy. But as consumers lean more towards healthier options, you'll need to rethink the products you choose for the vending machines in your office.
A vending management program consolidates the vending needs of large companies with multiple properties into a national account. It eliminates the administrative and financial burden associated with purchasing product, filling, repairing, and accounting for revenue from the machines. As with any product or service, however, there are certain principles to be followed for your company to get the most out of a national vending program. Here are five best practices to help achieve your goals of using a vending management company.
As with every industry, there's always something changing in vending or news stories worth sharing. New products, technology, and strategies are always being tried and tested. Here are five noteworthy stories from the vending industry.
When you get vending machines for your location, it's important to understand there's more to receiving good service than choosing the best company in your area. Even though you are the customer, to get the most out of your service means knowing what you can do on your end to help. It's really no different from any other product or service on the market. Here are three ways you can ensure the service you receive meets--or even succeeds--your expectations.
There are multiple benefits for increasing energy efficiency in multifamily communities, including the reduced cost of energy bills for both ownership and residents. Achieving energy efficiency goals, however, can become problematic due to the sometimes conflicting interests of property managers and their tenants. Despite these challenges, however, reducing energy consumption helps increase property value and therefore should be included in every property manager's strategic goals.
Warehouse work is often repetitive, physically demanding, and sometimes dangerous. Keeping employees engaged thus becomes essential not only for retaining quality workers, but for avoiding injury as well. So how do you keep them engaged? Here are three priorities to set in order to increase engagement among your warehouse employees.
Coca-Cola is one of the world's most recognizable brands. Their products are everywhere. At the grocery store, stadiums, restaurants...and let's not forget about the bazillion Coke vending machines out there.
Companies that want to consolidate their vending machine services into a national account are able to do so through a vending management program. If you're conducting research into single-source vending solutions for your organization, a national program is the way to go. Not only does it help you generate revenue, but it can keep your company focused on core business initiatives and help reduce risks associated with vendors on site.