Cost Savings Through Packaging SKU Rationalization
Packaging SKU rationalization can drive cost savings opportunities in a few different ways. It may allow a brand to consolidate its packaging material suppliers and purchase fewer structures and sizes. It may provide an opportunity to reduce the amount of packaging material inventory it needs to keep on hand. Reducing the number of packaging SKUs helps a brand to better utilize its warehouse space. It also enables a brand to optimize asset utilization across manufacturing and packaging facilities.
