As the cannabis market continues to develop, it is more essential than ever to have incredible Hemp Flower Packaging that effectively conveys the promise of your brand, attracts the attention of customers, and encourages them to make a purchase. However, this does not imply that you have to spend a lot of money on the packing. You are almost certainly paying more than necessary for the packaging of your product.
The reality is that there are a variety of simple approaches that may be taken to cut costs on hemp flower packaging. Your packaging provider should be willing to talk to you about all of the chances for cost savings that are accessible to you. This will allow you to optimise not only your entire packaging process but also your sales and profits.
If your current source of packaging is unable or unable to collaborate with you to identify opportunities for cost reductions of this nature, then it's time to look for a new one!
Here are five simple ways you can save money on hemp flower packaging, which we hope will help you get these important conversations off the ground.
1. The Cost of the Materials
One of the simplest and most important adjustments you can make in order to cut costs on hemp flower packaging is to lower the total amount of raw material used for your primary packaging. This will allow you to save the most money. This is the packaging that customers take off the shelf after they make a purchase. It is possible to minimise your material expenses without affecting your shelf presence if you employ the appropriate method.
For instance, you can cut down on the amount of money you spend on materials by doing something as simple as decreasing the depth of your package while maintaining the same height and width as the original package. This improvement could also result in more effective packing into master cases and onto pallets, which would lead to significant savings if implemented.
2. The Cost of Sourcing
The procurement of your materials is still another factor to think about because it has the potential to effect your overall expenses. The origin of the materials that a packaging supplier uses might have a significant impact on your overall expenditures. In light of the aforementioned, make it a point to collaborate with a seasoned service provider that possesses an in-house sourcing team, enduring relationships with suppliers, and access to trustworthy sources located overseas.
Because of these crucial connections, there will never be a period in which there is an interruption in the availability of the components that you require for your package. In addition to this, the company that provides the hemp flower packaging for your products is probably able to use the contacts they already have in place to negotiate better prices for you.
For instance, a person who has been working in the packaging industry for thirty years and has developed strong relationships over the course of their career has a much better chance of obtaining better discounts and having access to more reliable delivery, as well as a large number of backup options in place, in the event that something out of the ordinary goes wrong.
3. The cost of labour
When an employee handles the hemp flower packaging of your products, additional charges are added to the total amount you spend on labour. You will need to establish fewer touchpoints in order to bring these costs down. Inventive packaging designs are the key to achieving this goal.
One example of clever packaging design is using adhesives that are visible if they have been tampered with to secure boxes while they are being glued together. Another illustration of this would be making use of primary packaging that already has inserts attached or installed, or even doing away with inserts entirely. You can make incremental savings by minimising the amount of human interaction with your product if you employ a strategic approach to the design of your packaging.
4. The Cost of Shipping
How much money could you save on shipping expenses if you switched up the packaging for your cannabis? The challenge lies in conserving as much space as feasible without jeopardising the quality of the package itself. It is very possible to discover the sweet spot that optimises the potential of a box or pallet without increasing the risk of damage while being transported. This is a goal that is well within reach.
Your source of packing services ought to be ready to offer assistance in this matter. They should also assist you in working with testing labs to do the calculations and discover the ideal balance for your items and custom cbd packaging in order to optimise the amount of savings you receive.
5. The costs of orders and inventory
When it comes to lowering the overall cost of an order, the vast majority of customers immediately consider making a bulk purchase. On the other hand, we are aware that purchasing in large quantities isn't always a viable alternative. Whether you're concerned about having enough cash on hand or you're uncertain about how a particular item is going to perform in the market, there are valid reasons why buying in bulk may not be the best choice for your company and it's important to consider all of these factors before making a final decision.
If you have a product that is doing well in the market, we at SirePrinting recommend that you only think about purchasing in bulk if you are considering doing so. Whether this is the case, you should talk with the company that provides your packing to see if it is possible to establish payment conditions that are acceptable to both of you. A provider of packing services who has a solid financial history, which indicates that they are not likely to fail in the near future, will gladly carry out this service for you.
Additionally, if you buy in large quantities, you should think about utilising Vendor Managed Inventory (VMI) rather than keeping and transporting inventory from your own location. This is especially important if you buy in bulk. Collaborate with the company that handles your custom cbd packaging to devise a method of storage and fulfilment that will not only help you save money but will also make certain that shipments are always delivered on time to their respective destinations.
Lessons Learned Regarding Essential Methods to Cut Costs When Purchasing custom cbd packaging
When you have the correct source of packaging functioning as your partner, you will have the ability to uncover many chances to cut expenses without affecting the quality of the package. In point of fact, if you have the correct plan, you may even be able to enhance processes in order to improve accessibility, reliability, delivery, and other aspects of the service.
Get in touch with us if you're ready to cut costs on Custom Cbd Packaging, and we'll be happy to discuss the five simple ways of doing so that have been outlined above, in addition to other options to find solutions that are the most suitable for your finances, your brand, and your company.