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Stationery Vending Machine

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	NAME	ID	CLASS SEC# (CHOOSE ONE)	IN-CLASS#
1			1400/0930/1100 (MKTG)
2			0800/1100/1500 (OM)
3

Sunday, 14 April 2019

Introduction

A stationery vending machine is an automated machine that sells stationery items like calculators, rulers, books, pens, etc. it is a coin-operated machine that scans cards before processing the buying action. It serves people with a lot of efficiency at any time of the day. After paying, a product may become available by the machine releasing it, so that it falls in an open compartment at the bottom, either released first, or put in by the customer, or the unlocking of a door, drawer, or turning of a knob. After a sale, the door automatically returns to a locked position. A stationery vending machine conveniently provides student needs at any time of the day as well as useful services. A stationery Vending machine allows students to access their preferred products while on the go. This helps to save them time. This makes it possible for students to access their favorite products during their rest. Therefore, students do not have to take long journeys to find products because the machines are often strategically positioned to satisfy their needs. A stationery Vending machine help students save a substantial amount of money in the form of labor cost that is often required to make their products available to students. The machines play an essential role in dispensing products and collecting money from the students within a reasonable time. This makes it possible for more students to make their purchases. A stationery vending machine project is the most suitable, affordable, portable and does not require a lot of resources to install it. This is a project that is very much affordable and can be tested. The marketability of its services is very high, and there are a lot of opportunities that can be solved after implementing this project. This project will be addressing a problem that has been in existence for a long time.

Statement of the problem

In universities like Prince Mohammed Bin Fahad University, there are is a lot of work especially work to do with stationery items like books, pens, glue, etc. this stuff is needed by students but are not provided by the University. And having the university in an isolated place where it almost far from everything makes it hard for the students to go to purchase whatever they need and come back in a short period before their classes start. Many students at PMU have gone through some challenges because of the lack of stationery tools within the university. We've all been in these kinds of situations where you're in the class, in the middle of writing revision notes or that important essay and suddenly your laptop runs out of charge, your pen breaks or you don't have space on your USB stick to store all your work.

Another situation is during the examination period, when some students may have forgotten exam tools like a calculator, and pen at home, so they usually end up either running through hallways searching for people that can borrow from or waiting until when one of their classmates is done of what they are doing and then borrow the calculator or whatever they need in order to start the exam. Both ways are a waste of time, as most of the examination period will be gone while they are waiting to find someone to borrow them. These situations can highly affect the academic performance of students as it can easily lead to bad grades and sometimes a failure in exams. Not only students but sometimes instructors also get through some of these types of issues where they are in the middle of the lecture and loss their board markers and need another one to write or draw to clarify some ideas for the student. So, having a stationery vending machine will be a complete life-saver for those emergencies we all face as students and instructors. Whether you need a pen, a notepad, a calculator or even a Phone charger, you can now equip yourself within minutes. The vending machine will sell a variety of items and will ensure that students will be able to access stationery without having to leave their classes for a long time.

Background

Percival Everitt invented the vending machine in 1880, London in the United Kingdom. It is an automated machine for selling stationery stuffs like calculators, papers, glue, etc. and other items depending on how it is designed for work to do. A vending machine was introduced in the United Kingdom for postcards dispensing and coin operations, and the machine has evolved much for use in several departments like postcard dispensations, post offices and in offering bookshop services. The vending machine was a great success, even back then during the early stages of the implanting the machine. Since then there have been numerous developments with vending machines which allow offering very cost-effective solutions. Interest in stationery vending machines seems to be rapidly developing. This is an exciting prospect for us as we can provide unique stationery vending solutions for our fellow students. The vending revolution has brought a great convenience in our lives for the last few decades. The machines are everywhere, be it markets, airports, bus stations and even restrooms, vending machines have made life easier.

Target market

A target market is a group of potential customers to a company desires to sell its products and services. This group also involve specific customers to a company aims its marketing efforts. The one part of the total market for a good or service is a target market. Consumers who create a target market have similar characteristics including buying geography, buying power, demographics, and incomes. Identifying the target market is an essential step for any company in the development of a marketing plan. Not knowing who the target market is could cost a lot of money and time for a company. Target markets categorized by age, location, income, and lifestyle. Defining a specific target market make the company able to hone in on specific market factors to reach and connect with customers through sales and marketing efforts. Testing a target market often happens well before a product is released. while the testing phase, a company probably use limited product rollouts and focus groups, making the product managers able to have a feel for which aspects of the product are the strongest. Once a product is released, the company can go on to monitor the demographics of its target market through sales tracking, customer surveys, and various other activities that make the company understand what its customers demand or need. The target market for our project is female student of prince Mohammad Bin Fahd University, the age between 18 to25, the location is Khobar in Saudi Arabia and the students do not have income, they get the money from their parents about 100 to 500 monthly. Also, PMU employees can be a target market.

Need

The need for this project is to have vending machines for school supplies, like, pencil, binder clips, scissors, pen, and eraser. All our university work needed this equipment that I mentioned before. Also, because sometimes student forgot some of those equipment at home and they need to use it in the university like when they have a project, also sometimes they forgot the pen and they need to use it in the exam.

Total cost & budget:

Name	Total cost
Tools	935
Free machine	3,000
Electricity	500
Total cost	4,435

Name	Number	cost	Total
Transparent papers	15	$3	$45
Blue Pens	30	$3	$90
Pencils	20	$2	$40
Rulers	20	$2	$40
Flash drives	10	$20	$200
Highlighter pens	10	$4	$40
Eraser	20	$2	$40
Calculators	10	$15	$150
Paper clips	20	$4	$80
Binder clips	10	$5	$50
Glue	10	$3	$30
Notebooks	20	$3	$60
Transparent tape	10	$2	$20
Mini - staplers	10	$5	$50

The Benefits:

The idea of having vending machine that provide school supplies for students such as papers and pencils is to fill the needs and wants for the students of PMU and by having such type of machines have many benefits and advantages that will help each students to be prepare for exam or to have it to do some work. The purposes of having school supplies vending machine are to fill the needs of the students in the quickest time and to have revenue that will help the university in a way or in another.

Student’s will love the idea of school supply vending machines in the university because they can quickly and easily choose what they want and what they need, it’s basically has a quick access and service and it will save much time and also it will save a lot of effort looking for a pin for instant when they need it. Vending machines offers a sense of independence that most kids appreciate, especially as they get older. And by providing quick service, adults are still helping to guide them in their decision making.

Another benefit of the integration of vending machines in schools is the fact that they provide students with options if they forget their supplies, or do not want to ask a stranger person to borrow from them what they need. This ensures that each student receives something that they want and they do not have to ask someone in return.

Yet other benefit offered by having vending machines in university is the profit. The extra funds are able to go toward other things that the university needs, such as books, computers, art supplies, etc. The money may also go to sports teams or even after school clubs.

The idea of having vending machines that provide the students with school supplies in PMU going to be huge benefit for the reputation of the university because its going to be the first university you provide such service for their students, and that will be a big step for our university to have such competitive advantage.

The student’s pf PMU need this services in our university because it going to be very beneficial and will solve a lot of issues that the students may face, through the idea is very simple yet it will have a major positive impact of the university and on the way of student’s productivity, because it will provide them all the things that they will need to be more productive and to be more creative.

Observation:

Through this project we conducted a survey from PMU students to know how much they need the vending machine and how much is it important for them to provide, and to know exactly the amount of the response that will agree with our idea to have a clear concept of how to operate this plan and how to pull it off. The responses were very positive the observation of the survey was clear that the students of PMU have a great affect of this project by having too many students wanting the idea of the vending machine.

The questions were mentioned in the survey was as the follow:

· Are you a student of PMU?

· Did you ever forget your school supplies while you in PMU?

· Do you think providing a school supply vending machine is going to serve the students of PMU?

· If we have vending machine that provide a school supplies where you want it to be?

· What do you think that is important to provide in the vending machine?

Advertising

We will put a poster in corridors of the female campus to make student knew about the vending Machin. Also, we will design advertising for the machine on the university website, and we will send messages on WhatsApp groups for the university students. Also, we will send an email to students to attract them. The advertising will show the tools, price, and the locations.

Action	March	April	May	June	July	Who
Develop the proposal for the project	1th					Razan- Roua-Maram
Take the approval from the university		10th				Roua
contract with company provides the machine			1th			Razan
Dicide the location in the campus			3th			Maram
Contract with company provide the tools			15th			Razan
Create a logo				1th		Roua-Maram
Make advertising				10th		Roua-Razan-Maram
Starting day					15th	Roua-Razan-Maram

References

Investopedia, Target Market, March, 2019https://www.investopedia.com/terms/t/target-market.asp

The History of Vending Machines. (2017, November 16). Retrieved April 12, 2019, from http://trendvendsydney.com.au/the-history-of-vending-machines.html

School Vending Categories. (n.d.). Retrieved April 13, 2019, from http://www.vendingmachinesschools.com/school-store-vending/