The transition from one year to the next often encourages companies to look at their supply chain to see where there are opportunities to make improvements or enhancements. As a sizable component of the supply chain packaging should be analyzed for key elements during this time.
These are a few ways that companies can improve their supply chain through packaging:
- Leverage the capabilities and cost savings that come with working with a packaging partner
- Utilize vendor managed inventory to achieve the most effective inventory management system
- Identify the overall business objectives and create a process for reporting, analyzing, and storing product data
- Replace old technology with up to date machinery to reduce product break down and deliver a better product
- Work with a packaging consultant to determine the best products to minimize damage in transit/delivery/storage
- Monitor vendor performance
- Utilize Just in Time inventory management
- Streamline and integrate accounting and purchasing systems
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