Recognizing Dishonest Vending Machine Operators
When you become a part of the vending industry, there will be all kinds of entrepreneurs and their operations may or may not be legitimate. The key is to recognize dishonest vending operators and steer clear of any business relationships with them as partners, suppliers or customers.
A dishonest vending operator will usually report fictitious lower sales to the client. Alteration of the original, actual amount is done at some point during:
• Collection
• Counting
• Data entry
• Commission calculation
Unless all these are performed by a single person, all other members of the vending operator are unaware of the scam. It may be anyone, be it the manager or the route driver. As the owner of Planet Antares vending business, you will need to hire people who are trustworthy to run your vending business. If the personnel are dishonest, this will bring bad reputation to you.
Certain vending operators are comfortable running a dishonest vending business and their only concern is to prevent the customer from finding out. If he is recognized as a fraudster, he will loose the account and possibly face legal charges to recover lost commissions. In order to avoid all this, you must employ honest and experienced staff in your Planet Antares vending business.
The majority of the operator’s team handles cash or products that can be converted into cash. Make sure that you employ individuals with ethics, moral integrity and a conscience to prevent stealing incidents in your vending operations.
Apart from the risk of losing customers, a dishonest vendor even faces the real market risk. Occasionally, every vending operator may loose a client account. For example: if a location is lost due to under reporting of sales and is taken over by a reputable Planet Antares vending operator, it will show a sharp increase in sales and hence, greatly appreciated.
Moreover, there is a big chance that the reliable operator may drive the dishonest operator out of business. He may contact other locations and tell them about the wrongful activities of the fraudster vending operator. This means more business for the legitimate vending operators and higher profitability in the end.
A dishonest vending operator will usually report fictitious lower sales to the client. Alteration of the original, actual amount is done at some point during:
• Collection
• Counting
• Data entry
• Commission calculation
Unless all these are performed by a single person, all other members of the vending operator are unaware of the scam. It may be anyone, be it the manager or the route driver. As the owner of Planet Antares vending business, you will need to hire people who are trustworthy to run your vending business. If the personnel are dishonest, this will bring bad reputation to you.
Certain vending operators are comfortable running a dishonest vending business and their only concern is to prevent the customer from finding out. If he is recognized as a fraudster, he will loose the account and possibly face legal charges to recover lost commissions. In order to avoid all this, you must employ honest and experienced staff in your Planet Antares vending business.
The majority of the operator’s team handles cash or products that can be converted into cash. Make sure that you employ individuals with ethics, moral integrity and a conscience to prevent stealing incidents in your vending operations.
Apart from the risk of losing customers, a dishonest vendor even faces the real market risk. Occasionally, every vending operator may loose a client account. For example: if a location is lost due to under reporting of sales and is taken over by a reputable Planet Antares vending operator, it will show a sharp increase in sales and hence, greatly appreciated.
Moreover, there is a big chance that the reliable operator may drive the dishonest operator out of business. He may contact other locations and tell them about the wrongful activities of the fraudster vending operator. This means more business for the legitimate vending operators and higher profitability in the end.
posted by Jane Dickens at 10:13 AM
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