TOI Final Project.

The team

Ahsan Ali Khan 23889

Asad Hamid Mir (20181-23641)
Omer Ahmed Siddiqui (20162-19850)
Syed Anas Shahid (20181-24411)
Syed Mohammad Ali (20202-26892)

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Introduction to the idea:

Our project is about developing a Smart Vending Machine

that allows users to exchange, buy, rent used/new books
for no cost and buy stationery. We have two types of
vending machines:
1. University Vending Machine which can be

installed in Universities or colleges. This

machine has used books relevant to the place of
installation. Students can use this machine to
exchange or buy books.
2. Airport Vending Machine can be installed at various

airports. This machine has used/old books belonging

to different category. This machine allows travelers
to rent/buy books for an amount.
3. Each vending machine has the option to get vending

card. Vending card can be used to perform

transaction for example to pay the book rent at
airport vending machine. We have administrator to
manage vending machines. He performs two
important tasks:
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 1. Vending machine management: He is
responsible for setting up and deletion of
vending machine. His decision is based on
activities/transaction at each vending machine.
He removes vending machine that has less
activity.
2. Update inventory of Vending Machine: He can
add or remove items from vending machine. He
updates stock of each vending machine upon
receiving notification about stock status.

We will personally guide students about the purchase procedure,

answering any questions or queries they may have regarding the
vending machine, once it’s understood, the vending machine will
allow self-service and direct purchase of books.

Executive Summary:

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The Problem:
We looked at the need of students, especially at University level
who always find it a hassle to go to a book store to purchase
books, copies, through an on-campus books vending machine, we
are looking to solve this issue, saving them from the trouble of
having to the SAC book shop, they can easily purchase books
through the vending machine from the comfort of the CBM
building, which will save time and make it convenient. We also
believe airports are a place where our book vending machines can
be useful to allow travelers to easily purchase books, which they
can use to pass the time both in airport lounges as well as long
distance flights.

Revenue Stream:

The revenue stream will primarily be a one-time registration fee

for buyers and sellers, this will be Rs. 100, along with a 10%
commission per sale of each book through our vending machine.

Target Audience:

Our key target audience for the Vending Machine will be Iobm
students and alumni. We are also planning to install machines at

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airports where travelers can buy new and used books, they will be
part of our target audience.

Functions:

Our vending machines will allow users to purchase, donate,

exchange, rent and sell books. They will need to generate a card
through the machine.

Procurement of books:

We will look to acquire books through bulk purchase at Urdu

Bazaar, along with an option to donate books, which students can
alumni can do. we will look to further stock books such as self-
improvement books, major bestseller titles that would appeal to
both students and alumni as well. Our catalogue of books will
grow over time depending on demand from users.
We will be open to feedback through social media pages as to
what types of books users prefer and we will adjust our inventory
accordingly.

The Solution:
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The book vending machine will allow students an opportunity to
earn passive income as well as allowing ease and convenience to
students to avoid the hassle of having to go to book shops to
purchase books, stationery, many times students are short on
time, have issues with transport and going to be book shops is not
a feasible task, through our vending machines, they will be able to
solve this problem by purchasing directly on campus through the
vending machine. This will be further expanded to airports where
travelers can easily buy books at the airport lounge which will
make their travel more interesting as well as possibly getting them
the chance to catch up with books they may have heard about but
do not have the time to read.

The biggest issue we all face today is shortage of time, our goal
with the book vending machine is to ensure that not only is time
saved, it also is a convenient and easy to use interface, ease of
signing up, real time up to date app that will make the entire
process smooth and problem free for our users

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Cost Structure:
S no. Particular Estimated Amount Frequency

1 Vending Machine Cost 150,000 One-off

2 Books 30,000 As per Requirement

3 Cost of Machine Renovation 20,000 One-off

4 Website Designing (Beta) 15,000 One-off

5 Service Technician (Part Timer) 12,000 Monthly

6 Spares and Parts 10,000 As per Requirement

7 Cost of Stationery 7,500 As per Requirement

8 Online Transaction 1link 1.50% Per Transaction

9 POS Machine Charges 1.80% Per Transaction

10 Commission for Listing 15% Per Stock Sold

11 Book Sales Through Special Order 20,000 Monthly

12 Stationery Sales 20,000 Monthly

13 Ads on Website 40,000 As per Clicks

14 Book Sales Through Machine 100,000 Monthly

15 POS Machine (Keenu) Complimentary One-off

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Estimated Cost:

Estimated Cost
Vending Machine Cost

3% Books
4%
5%
Cost of Machine Renovation
6%

Website Designing (Beta)

8%

Service Technician (Part

Timer)
61%
12%
Spares and Parts

Cost of Stationery

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Estimated Income:
Estimated Income
Commission for Listing
0%

11%
Book Sales Through
Special Order
11%
Stationery Sales

56% Ads on Website

22%
Book Sales Through
Machine

Business Model Canvas:

KEY PARTNERS KEY ACTIVITIES VALUE CUSTOMER CUSTOMER
PROPOSITION RELATIONSHIP SEGMENTS
Machine Vendors. Sale.
Passive Income for Personal Iobm Students and
IOBM Marketplace. Students. Assistance at alumni.
Management. Campus.
Ease of Sale and
Students. Purchase. Self Service at the
Payment Station
Vending Machine (Vending Machine
integrated with an ).
KEY RESOURCES app to update CHANNELS
about book
Vending Machine. availability. Email Marketing
(official IOBM).
Application.
Facebook and
WhatsApp.

Campus
Marketing.
COST STRUCTURE REVENUE STREAM(S)

Machine Purchase and Maintenance cost. One time registration fee for sellers and buyers.
Rs.100 per student.
Marketing Expenses.
10% Commission charges per sale.
App.
2.5% of the day rental charges.
Real-time update cost.

2.5% Merchant Charges.