If you have established a unique brand and subscription box model, you have probably settled on the right packaging design to deliver the best branded experience to your subscribers. But, the real fun starts with managing your inventory.
For any new subscription box brand, packaging inventory management is challenging. Having too much packaging in your inventory can be costly because of warehousing and storage. Also, not having enough packaging can result in order delays. Sorting out these problems can be difficult and time-consuming. And you may have to spend more time on logistics and administration than you have available. This makes it important to create an effective packaging management system. However, this requires you to make careful research and analysis as well as deeply understand your business. the following tips will help you get started:
Forecast Sales
Forecasting sales will help you determine appropriate packaging order volumes. You can forecast sales by using historical sales data to identify future sales estimates or an expected forecast of customer demand. By accurately forecasting sales, your company can be better prepared to manage its inventory and prevent it from overstocking and stock shortage.
Base your Orders on What you Need
Sure, packaging suppliers can give you discounts on bulk orders, so you can be tempted to order more than you need. But, with this strategy, you could end up spending more money than you should in the long run because of the cost and space of warehousing or storage. The better approach is to employ a just-in-time inventory strategy which means ordering the exact amount needed when you need it.
Moreover, digital print supports this strategy for subscription box brands because of its versatility and speed-to-market. This strategy also lets you change out your packaging design based on seasonality or whenever you want without extra set-up or tooling costs. You can make this kind of arrangement with a reputable packaging supplier like Belley.
Choose the Right Packaging Partner
It is not easy to create an effective packaging management system. However, it helps to have a dependable packaging supplier on your side to make the process simple and seamless. The best provider can help you create the best box to delight your subscribers and develop a unique, branded unboxing experience. No matter the size of your business, your packaging partner should have an easy-to-use platform that empowers you to produce beautiful, full-color boxes and labels.
