Image by Pexels via https://bit.ly/3B0Dh04
Managing your product packaging inventory is a must to ensure that you’re capable of completing orders in a timely manner. Poor management can lead to interruptions, incorrect orders, poor distribution and uncontrolled times.
Packaging inventory can be a tricky process to navigate. The hardest concept is being able to recognize when you have sufficient supplies. Sometimes you can make the mistake of spending more money than you need, which can create an unnecessary overstock. Ordering too much not only is financially wasteful for your business, but in addition can sometimes take up more space than you have to give.
To avoid these delays and financial shortcomings for your business, you’ll want to make sure you’re efficiently and effectively managing your product inventory. In this article, you’ll learn the importance of managing your product packaging inventory, what system to use to help you manage your packing inventory, and the benefits of organizing your packing inventory.
The Importance of Managing Your Product Packing Inventory
Image by Pexels via https://bit.ly/3B2EQdI
Let’s start with the basics. Managing your inventory by hand is a thing of the past. To be most efficient and productive with your time, you’ll want to have an automated inventory system. Software automation has made its presence known in today’s small business and handmade business market. You should be taking advantage of this. From simplifying the management processes, to eliminating time-consuming steps… an automation software can really make all the difference in how you organize your business.
Not only can managing your inventory help you as the business owner, but it can affect your customer loyalty – which should be high on your list of business priorities. When you have your operations in order, you’re able to give your customers a quicker turnaround from the time they order to the time they receive their product. Inventory management can allow you to invest in more high-quality packaging supplies and upgrade your products, as you are going to have more control of your business finances, which can also lead to better quality of products.
Inventory can be such a headache. Odds are, you’d rather be spending time working on the hobby that created your business. Sometimes we spend so much time on organizing, we lose time we could be spending on product production. An inventory management software can be the timesaver tool you’ve been waiting for.
The Inventory Software to Managing Your Product Packing Inventory
Inventora. Photograph of women using Inventora for inventory management. Sept. 2020.
Choosing the right inventory software for managing your product packing inventory can be overwhelming. You’ll first want to analyze what the chore needs you have for inventory management. A great software for any stage of business you’re in, is Inventora.
Inventora was created to simplify and automate your inventory process. What makes Inventora different from other inventory softwares, is that it keeps track of your raw materials and supplies. With Inventora, you are able to trace every step of your product process, from beginning to end. Inventora also deducts every item as you use them. Thus, giving you full control of when you need to perform more supply orders. This will allow you to better avoid overspending and overstocking.
From production to managing your product packing inventory – Inventora is the answer to all your small business inventory management needs.
The Benefits of Planning Your Packaging Inventory
Now that you understand the importance of managing your product packing inventory and where to get started, let’s narrow in on the benefits of planning ahead:
- Optimal Packing Supplies Purchased: Planning your packaging inventory will help you secure in your inventory only what is necessary. Thus allowing you to have better control and use out of your packing supplies.
- Decrease Holding and Operating Costs: This should be an obvious reason to get organized. Who doesn’t want to save money? You can optimize your time and have the benefit of keeping your operations management efficiently running.
- Improve Forecast Through Feedback Metrics: If you have proper planning, you can define what your inventory is and what your safety stock is. This can help you save money, prevent your products from getting ruined, and help you have enough inventory to meet your customer demand. It’s truly a win-win!
- Have Enough Money to Invest in Your Packaging Supplies: You can detect how much money you have on hold in your packaging inventory by planning ahead. This allows you to see the actual dollar amount that you could have used to invest in something else. However, by not having control of your inventory, you may not be able to clearly recognize this which can result in making the same mistake when you place a new supply order.
Managing your product packaging inventory is such a huge part of the shopping experience, because packing really can make all the difference! When a customer orders from your business, your packing is the first thing they will see. You want that first impression to create a pleasant and memorable feeling. This will induce customer loyalty while building out your brand. This is why investing in a good packaging partner, such as Arka, and having an automated inventory system, such as Inventora, go hand in hand in giving you the success you’re looking for within your business. You can check the custom boxes Arka offers for any niche: whether you need custom gift boxes or cosmetic boxes, they can help your brand!
About the author: Hi! I’m Nicole. The creative marketer and social media manager for Inventora – The all-in-one system for your handmade business’s inventory needs. Inventora was created by makers, for makers. We know your needs, because they are the same as ours!
Inventora is more than just an inventory system… Sync your shop or storefront, perform audits, auto-calculate COGS, create and manage your reports, plus so much more! Start at no cost with our Hobby Plan today!