Every year manufacturing units lose a considerable amount of due to the damages caused to the packaging supplies that are stored in the warehouse. No matter how little it is, all kinds of wastage should be avoided. Wastage of packaging supplies will bring down your profit margin. It will also make your products less competitive in the industry. This could affect your brand growth. Here are few quick pointers to consider with packaging supplies stocking and storage.
You will need a regular supply of packaging supplies. You cannot let your packaging supplies run out. The moment you run out of your packaging supplies, all the products you manufacture would stagnate in your factory and it will not reach your customers. This would stall the entire business cycle.
Furthermore, in order to get the best prices and to access wholesale rates, you may need to source in bulk quantities. It may not be viable to source in smaller quantities. You are left with very limited options in this regard.
When you need to source your poly bags¸ corrugated boxes, reinforced tape and other packaging supplies in bulk quantities, you should also deal with the storage challenges. Identify the right spot in your manufacturing facility for the storage of packaging supplies. All the packaging supplies should be protected from moisture and heat. They should be stored in cool and dry place. The storage location should also be close to the actual packaging desk so that you do not use, time, money and resources in moving the packaging supplies back and forth within your facility.
Striking the right balance is crucial here because you need to make sure that you never run out of the packaging supplies and at the same time, you need to also make sure that you are not overstocked so much so you do not have a safe space for your products.
You should also take into account the shelf life of certain packaging supplies such as
reinforced tape. The adhesive used in the shipping tape will lose its adhesive strength over a period of time. You cannot stock such products in huge quantities.
Random sourcing and stocking of packaging supplies would lead to unnecessary wastage of materials. All the money that you tried to save through careful screening and stiff price negotiation would go futile when the packaging materials get damaged in your warehouse.