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Phone GWP Group - 01793 754 444
01793 754 444

Mon - Fri 08.00 - 17.00

Email GWP Group - info@gwp.co.uk
info@gwp.co.uk

Free advice & quotes

 
Reduce packaging costs

A range of strategies and ideas to reduce your ongoing packaging costs

Protective packaging

Protection for your products to prevent them being damaged in transit

Improve packaging efficiency

Strategies to streamline your operations, enhance efficiency and boost productivity

Packaging design service

Custom packaging tailored to your exact requirements by a team of experts

Environmentally friendly packaging

Help and advice in minimising the environmental impact of your packaging

Packaging Audit

Get a full, honest and no obligation review of your packaging and processes

Corrugated cardboard packaging

Cost effective cardboard transit packaging, cartons, boxes and shippers

Foam inserts and packaging

Protection from impact and mishandling for delicate items in transit

Correx packaging and handling products

Durable corrugated plastic packaging, including totes, bins, boxes and dividers

Anti static and esd safe packaging

Advanced protection for static sensitive items and electronic devices

Retail packaging and POS

Visually striking consumer packs and point of sale displays to boost your sales

Protective cases

Waterproof, aluminium and custom built cases for protecting your equipment

Returnable packaging and multi trip

Durable and long lasting returnable, line-side and multi use plastic containers

Corrugated board coatings

Specialist coatings to enhance performance of corrugated cardboard

Packaging guides and blog

A range of guides, tips and detailed articles on ways to improve your packaging

Case studies

Examples of successful packaging products, and how your business can benefit

Packaging markets

Specific industry knowledge and packaging expertise relevant to your business

Quality standards

Accreditations and standards to ensure the highest packaging quality

Packaging news at GWP

The latest news, events, sponsorships and more happening at GWP Group

Packaging careers

Looking for a new job in packaging? Find out how you can join our growing team…

Cost Effective Packaging.

Proven strategies and ideas to help you reduce packaging costs throughout your business

With increasing competition across practically every market sector, plus price pressures affecting everything from raw materials to logistics, companies must look at ways to reduce costs to remain competitive.

Packaging is no exception to this. As such, many companies view packaging as a necessary evil. A cost that has to be met.

Reduce packaging costs
Although often overlooked, reducing your packaging costs - through a range of strategies - can yield significant benefits to your business.

But, your packaging can say a lot about your business. It can carry your branding, offer protection for your products in transit, and it is often the first thing your clients will see when receiving your products.

There is no better way to lose a customer than having your goods arrive damaged.

Because of this, many successful companies see their packaging as a way of promoting their business, boosting sales and improving efficiency. Companies that recognise the importance of good packaging frequently boast both great brand awareness and satisfied customers.

Many would also argue however that these benefits come at a high cost.

By working alongside GWP Group, the aim will always be to have a direct, positive impact on your business’ profitability. It is a fundamental belief of GWP Group that your packaging should offer all of the benefits you would expect, but at a cost which works for your business.

Please see below for further details of strategies that can reduce packaging costs, regardless of your industry, product or application.

01: Cost Saving Strategies

All the ways in which your packaging can positively impact costs

Please see below for the strategies and ideas that GWP can help you implement to reduce your ongoing packaging costs.

Packaging rationalisation

Rationalise Your Packaging

Streamlining inventory & economies of scale

One of the most commonly overlooked ways to reduce packaging costs is that of packaging rationalisation.

By consolidating similar lines, your business can benefit from reduced costs thanks to leveraging economies of scale and streamlining your inventory. It also has the added benefit of reducing admin, obsolescence and re-ordering.

Minimise packing times

Minimise Your Packing Times

Reduce labour costs whilst improving output

Small gains in productivity can usually make a significant difference to your costs – regardless of the size of your business.

From reducing spend on labour, being able to manufacture and ship more products and fulfilling more orders, minimising packing times can realise genuine cost advantages.

Reduce shipping costs

Reduce Shipping Costs

Tailored sizes to avoid excess charges and void fill

Whilst usually a marginally higher unit cost, custom sized packaging can soon pay for itself and should be seen as an investment rather than a cost.

It eliminates shipping of “empty space”, which is particularly important with the increased use of volumetric shipping. It can also reduce ongoing costs by minimising the cost of void fill.

Eliminate transit damage

Prevent Damage In Transit

Prevent returns and enhance customer satisfaction

Transit damage is the hidden cost of your packaging. If items are not protected they can become damaged & unfit for sale.

This incurs costs through returns, replacements & “written off stock”. Even worse, it can harm potential repeat business through dissatisfied customers, as well as harming brand / company perception.

Minimise packaging stock

Reduce Storage Costs

Just In Time supply with a Vendor Managed Inventory

Maintaining a large warehouse of packaging stocks can be costly – or can take up space you could be using to expand production.

A vendor managed inventory (also referred to as VMI), using just in time deliveries, not only reduces stock holding but also eliminates stock shortages, reduces admin & improves cash flow.

Value engineering packaging

Value Engineering

Analysis to ensure packaging is the optimum spec

Paying too much for packaging? Not sure? Whether you think your packaging is cost effective or not, one thing you can’t be certain of is if your packaging is being manufactured to the optimum specification.

A full analysis can often identify a number of easy and actionable cost savings, which can have a significant impact on your ongoing profitability.

02: Further Ideas.

Additional strategies and tips that can aid cost reduction projects

As a starting point, GWP often carry out theoretical testing, which analyses the performance of existing materials used along with the dimensions and style of your existing packaging. Other factors such as the weight of the product, required stacking height, environment and intended use are all also accounted for.

This will provide a strong indication of whether the current material and design is optimised for the application or, in many cases, over-specified.

Whilst over-performing is obviously better than under-performing, our design team can vary the parameters (for example the board and box style) to produce a solution that is well within safe performance levels whilst still allowing us to reduce packaging costs.

Corrugated packaging manufacture
There are a number of manufacturing techniques that, when coupled with clever packaging design, can yield cost savings for your business.

This can then be further tested through transit trials, ensuring that the theoretical changes made deliver benefits in the real world.

So whilst you see no difference in the performance of your packaging, there is one major difference that you will see – the cost. Over a customer’s entire annual packaging spend, the cost savings can often total tens of thousands of pounds!

Plus, of course, there are many other benefits resulting from a project to reduce packaging costs, including cash flow, profit margins and ultimately a healthier bottom line.

Packaging cost reduction with engineered performance

An increasing number of companies are turning to GWP Group to engineer cost savings in their packaging and, ultimately, reduce packaging costs.

And whilst competitive tendering always has its place in driving down cost, even greater gains are to be made through the intelligent use of materials and design.

Through the combined use of specialist software and an in-depth analysis of your current packaging methods, an experienced design team will identify real cost savings through better material selection, design and manufacturing methods.

Free download: GWP Group guide to reducing packaging costs

Free Guide

17 Ways to Reduce Your Long Term Packaging Costs

Get your free guide highlighting 17 actionable, but often overlooked, ways of minimising the ongoing costs of your packaging.

03: Stock Products.

Industry standard packaging designs and proven solutions

As well as all of the clever engineering to reduce costs, there are often simpler ways in which you can save money.

Besides the standard range of FEFCO designs GWP offer for example, many years of experience has led to the creation of our own library of cost-effective solutions for an extremely wide spectrum of product types.

This is not limited to corrugated cardboard packaging, but also includes Correx®, anti-static and even protective flight cases.

Over the last twenty-plus years, these have been continuously developed and refined to save your business money while providing predictable, proven levels of performance.

04: How GWP Can Help.

Additional ways to reduce packaging costs

Savings on the cost of packaging are often only one part of the benefits GWP can bring to your business.

For example, savings through the reduction of damage and breakages in transit can easily exceed those to be made on packaging spend alone.

When coupled with a full packaging audit which can also reveal time (and therefore cost) savings in terms of assembly and packing times, GWP are certain you can reduce your packaging costs in at least one, if not many, ways.

Summary of how GWP can help reduce your packaging costs

  • Accurate calculation of transit protection / performance
  • Creative design utilising the latest software
  • Minimising of storage and warehouse space / costs
  • Tailored designs to meet each individual clients’ priorities
  • Reduce packing times and enhance productivity
  • Enable cost efficiencies and reduce shipping costs
  • Ultimately, reduce costs without reducing performance

Further Reading...

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If you think that your packaging isn’t cost effective, is placing a strain on your business’ potential for success, or just think it could be made to work herder, please get in touch to see how GWP Group can help.

Phone GWP Group

01793 754 444

Mon – Fri 08.30 – 17.00

Email GWP Group

info@gwp.co.uk

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GWP Group - Innovators in Protective Packaging
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Unit 20 Chelworth Park, Cricklade, Swindon, SN6 6HE, GB | TEL: 01793 754 444 | EMAIL: info@gwp.co.uk
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