Friday, January 9, 2009

How To Spot A Dishonest Vending Operator

The vending industry is filled with all kinds of entrepreneurs and their operations may or may not be legitimate. Successful vendors are those who can recognize dishonest vending operators and steer clear of any business relationships with them as partners, suppliers or customers.

Usually, a dishonest vending operator will 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

Even though all these are performed by a single person, all other members of the vending operator are unaware of the scam. This may include the manager or even the route driver.

As a Planet Antares vending business owner, 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.

Several vending operators may be 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. You can prevent such a condition by employing honest and experienced staff in your Planet Antares vending business.

Usually, 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.

A dishonest vendor will not only face the risk of losing customers but even the real market risk. At one time or the other, 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.

However, 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. In the end, this means more business for the legitimate vending operators and higher profitability in the end.

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