As a little kid, your first memory of a vending machine is mystical. First telling your parent your favorite candy bar. Then, they grab some spar change in their purse or wallet. Next you know, the metal spiral is turning, then your item of choice falls, and finally you reach behind that metal flap to grab one of your favorite treats. Well, that memory is going to change for children all over the United States, and all over the world. There is a new trend in vending machines that combines the joy of a touch screen, and the convenience of a vending machine.
Since one of the largest decline's in the industry's history, they fell for 10 percent to $19.85 billion in 2009 from $22.05 billion in 2008. Large vending machine chains are trying to find most efficient way to cut their costs, and make smarter decisions about which products to sell in which parts of the country. These vending machines will not only be capable of having credit card swipes, but in each of the vending machine's 45 slots there is real time data. So that when items are being replaced they can tell which ones need to be most frequently replaced, and which ones are "dead spirals" or dispensing less than one item per week.
I feel that this is a definite transition that needs to happen. This will help people vending machine owners make customer valuable decisions. Even though the new technology will cost $300 per machine (which is costly per $3,000 vending machine.) However, it will likely even out quickly if there are 45 items, and each is about a dollar, then that will not be a problem. Another positive benefit is the change option for money and the ways to pay. People will no longer have to worry about having more than a one dollar bill, and getting multiple dollars in coins, since there is change in dollar bills now. And also, the credit card machine means that people who do not have cash, which in this day in age not everyone has all the time, will make it very efficient.
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