Supply chain disruption, labor shortages, extended lead times, and inflation are forcing companies to reassess the best way to manage packaging inventory levels.
The challenge is in finding the ideal balance between having enough of the right types of packaging available and tying up working capital in bloated packaging inventory.
For many companies the fear of not having what you need when you need it results in too much packaging sitting on shelves waiting to be used.
Just-in-time packaging replenishment gives you the best of both scenarios – the packaging that you need is ready for you exactly when you need it. Just-in-time packaging replenishment takes the stress out of managing inventory security and cash flow.
Packaging inventory management is critical to your success.
You need the assurances of a safety cushion with packaging supplies – especially with your custom packaging products and packaging for perishable products.
No business today can manage the risk and potential loss that comes with product waiting for packaging. This makes Just-in-Case inventory management a tempting proposition.
Often companies feel confident knowing they are ready and do not need to worry about lengthy lead times or price increases. However, the trickle-over impact of Just-in-Case is a drain on working capital, resources, warehouse space, and agility.
JIT packaging inventory management aims to reduce these hidden costs by eliminating excessive and potentially outdated packaging inventory, reducing the dollar costs of inventory management, protecting against inventory damage and waste, and freeing up labor and resources for high-value tasks.
However, there is always risk with JIT inventory. The what if scenarios loom large – global events, supply chain shutdown, labor shortages, inflation, recessions, and more make JIT a weak point in your business.
And this is why so many companies are transitioning to just-in-time packaging replenishment.
Just-in-Time packaging replenishment gives companies the peace-of-mind, control, and confidence that their packaging inventory is responsive and balanced.
With JIT packaging replenishment you are in control. Manufacturers and companies determine their min-max inventory levels – across all products and product categories.
JIT packaging replenishment is a customized, middle-of-the-road approach designed to optimize inventory security and cash flow – while ensuring agility in response to supply chain, labor, and global challenges.
As a large-scale packaging manufacturer and a broad-line distributor of custom and stock packaging products, SupplyOne is uniquely positioned to make JIT packaging replenishment work. We have a track record of optimizing customer packaging supply chains to save time, money, resources, and reduce total cost of ownership.
As a national company with a local presence, SupplyOne’s Packaging Specialists work with you to optimize your inventory and packaging processes. Our vast network of best-in-class suppliers and long history mean we have the people, processes, and resources to make JIT packaging replenishment your ideal fit.
Know that with SupplyOne’s proven just-in-time packaging replenishment expertise you get the packaging you need when you need it. Trust us to do the work while you remain in control.
With a range of complimentary programs and capabilities, including price protection, summary billing, and full-service packaging design and engineering, SupplyOne reduces your total cost of packaging ownership while delivering confidence in your packaging supply chain.
Contact us today to learn how SupplyOne can optimize your packaging inventory management process.