An Example Of How A Company Manages Cash Flow Managing Your Packaging Stock Levels

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Managing Your Packaging Stock Levels

This may seem like a simple task but many people actually work very hard to watch their packaging stock levels. Many companies still only buy their packaging supplies when they run out. This can leave you in the position of having items ready to ship to customers, but no boxes to pack them.

However, it may be that your company produces hundreds of items for sale per week, so why not plan your packaging materials rather than risk meeting this demand?

Running out of packaging materials costs you time and money, especially if you have to send someone to your local store to buy more boxes or bubble wrap, for example. What’s more, your local shop will be much more expensive to purchase packaging materials than a specialist packaging retailer. And then there’s also the time cost of sending someone out to buy it for you.

Managing your packaging levels is very simple and easy and only takes a few minutes each week. While you don’t want to overstock (you may have space or cash flow issues), the last thing you want to do is have lots of cardboard boxes but no packing tape. Tape them up!

Always check with your supplier for lead times for any unusual items you need to purchase. It is also a wise move to have another supplier as a backup to purchase your packaging supplies from.

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