Hidden Costs of Poor Packaging Supply Management
Running out of a ribbon on the printer and not having a replacement. Searching for a box that isn’t stocked. Pausing production while waiting for a roll of stretch film.
Unfortunately, these are common issues that have a surprising impact on business operations.
Many companies don’t maintain adequate packaging supply levels because of the steep cost of warehouse and storage space.
But especially as the industry faces long lead times due to shortages, failure to have packaging supplies on hand can introduce issues that halt production and negatively affect your organizations’ bottom line.
The cost of low supply inventories can add up in terms of:
Time
Any time a machine is down, it costs you not only for the time it takes to get it back up again but for the back log it causes. Think of a highway accident. The traffic is backed up long after the accident is cleared away.
Labor
Even if it’s a simple fix, your employees are taking time to address the supply problem instead of the job they’re assigned. And, of course, the bigger the problem, the more employees are affected.
Rush Fees & Overhead Costs
This is the most direct expense. In order to get replacement supplies, you’ll face expedited shipping fees and possibly increased costs on the supplies themselves.
Wear & Tear on Equipment
When you unexpectedly run out of supplies, workarounds are sometimes used to keeping production going, such as not using the recommended supplies for machinery. This could lead to avoidable wear and tear and a shorter lifespan for your packaging equipment.
Services to Improve Packaging Supply Management
Crown Packaging is one of the leading single-source providers of industrial packaging products and equipment in North America. We can not only custom create your comprehensive packaging solution, but we can manage your inventory to ensure you always have what you need, when you need it.
With offices in 50 locations and 70 stocking warehouses throughout North America, we have the resources and expertise to provide you with personalized customer support, inventory management, and other packaging services tailored to meet your specific requirements.
Crown offers the resources and expertise to provide you with personalized customer service and complete inventory management.
Each of our locations offers a local support team from customer service to service technicians, who are ready to solve any problem and bring you same-day deliveries from our stock inventory. Our local warehousing service helps you minimize your inventory costs and maximize efficiency.
Offering more than 150,000 packaging options, we work with the world’s leading manufacturers to help you find the best solution for your needs.
Choose Crown as your packaging Supplier
At Crown Packaging, our top priority is to provide you with the best customer experience. From the initial meeting to ongoing supply fulfillment, we aim to deliver complete and cost-efficient solutions to fit your needs.
Contact Crown today to learn more about how we can help you improve your packaging operations.
