 Smart VendingIzvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, 2021, vol. 10, issue 2, 21-30 Abstract: The present study summarizes the evolution in vending business with the adoption and popularity of smart vending concept. Using the methods of descriptive, situational and content analysis are represented the features and benefits of smart vending machines as a form of out of store retailing. It's spreading is the result of combining the processes of digital transformation, the transition to the circular economy model and the impact of the COVID-19 pandemic on business and society. The smart vending machine ensures a great consumer experience and commitment, but on the other hand it provides the vending operator with advanced features for precise at the site and even online management of the device, the sophisticated control of the inventories and the analysis of the clients, the possibilities of modern forms and technologies of payments and communication are diversified, the promotional strategy and the information provision of the consumers is improved. Keywords: vending business; smart vending machine; intelligent machine; vending operators; COVID-19; Internet-of-things (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:vra:journl:v:10:y:2021:i:2:p:21-30 Access Statistics for this article More articles in Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series from Union of Scientists - Varna, Economic Sciences Section Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.