Things to Expect When Budgeting For Packaging

While budgeting for packaging, there are a number of factors that you will have to take into consideration. Working on these factors can help you optimize the packaging process in order to reduce the costs. One thing worth mentioning here is that you cannot consider an amount of cost as final because no business works in the same manner. Something working ideally for your business may not work for any other business in the market. Hence, you will have to decide who you work with and when you bring them in the process can really help you save a lot.

A few things and factors that can impact your packaging costs are worth mentioning here.

Bundling films

Switching to bundling films from corrugated boxes can help you reduce the packaging costs by 30%. However, you are going to have to make sure that this packaging solution works well for your product. Certain types of bundling films made today are capable enough to handle heavier objects. The best thing about these films is that they can help the products retain their shapes during the transit.

Another advantage of bundling films is that they make the printing job pretty easier. This way, the need for separate labeling can be reduced. It certainly means that you can save a bit more extra costs.

Freight damage

Freight damages cost companies 2.5% of their annual revenue. If you are going to for newer technologies and right packaging materials, it becomes possible for you to get twice of load containment with your stretch films while using the stretch films in same amount. New machines, such as Lantech Q-series pallet wrappers, can help you maximize the film usage leading to 20% film savings.

Utility costs

You will also need to keep an eye on the utility costs of packaging. A couple of scenarios are worth mentioning here.

• If you go for the new technologies, you will be able to see huge improvement in the energy consumption. If you look at the packaging process and its energy costs, you will find production of compressed air as one of the most expensive procedures. By installing electric machinery, you will be able to reduce the costs which would have been spent on running the expensive air cylinders.
• Pneumatic wear is another reason for the inflated energy bills. This issues leads to the irregular cutting of the film. To make the packaging process error-free, the operators will use extra amount of film. The major problem associated with this approach is the waste of film, leading to the higher costs of packaging process. Moreover, a weary machine consumes a lot of energy to do the tasks.

In order to make sure that you get lower energy bills, you need to contact the professionals to get your machines properly checked from time-to-time.