Intel
Case Studies
Improving Vending Machine Profitability with the Internet of Things (IoT)
Overview
Improving Vending Machine Profitability with the Internet of Things (IoT)Intel |
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Functional Applications - Remote Monitoring & Control Systems Infrastructure as a Service (IaaS) | |
Consumer Goods | |
Sales & Marketing | |
Remote Asset Management | |
Operational Impact
[Cost Reduction - Operation] Lower Operating Costs | |
[Efficiency Improvement - Operation] Simplified Deployment and Operation | |
[Financial Growth - Revenue] Increased Sales and new Revenue Streams | |
Quantitative Benefit
Vending machines can also send real-time updates (e.g., supply and operating status) that can be used to optimize delivery schedules and logistics, and improve inventory tracking and control. | |
The cloud makes it easier to implement promotional strategies for increasing transaction size and sales volumes, like gifting, dynamic pricing, vouchers, coupons, and loyalty programs, which is virtually impossible with conventional vending machines. | |
Vending machine operators can generate incremental revenue from product manufacturers who want to show directed advertisements to customers and encourage repurchases by sending coupons to their mobile phones. | |
Technology
Partners | |