Reduce Inventory Costs With Fewer SKUs
This article has been supplied.
Inventory management is a fundamental building block for the longevity of product-based businesses. Generally, the more line items or stock-keeping units (SKUs) a brand has, the higher the capital investment needs to be to manage them.
For inventory management, one of the goals is to reduce the number of SKUs because higher inventory levels increase orders and stock audits as well as management time and resources. Higher inventory levels also add pressure to the picking, packing and processing of orders, and create a need for sophisticated inventory management software.
Reduce SKUs to reduce costs
Fix-a-Form® booklet labels from Pyrotec PackMedia have many advantages, just one of which is helping to reduce the number of SKUs. This is because they:
Support multiple regions and languages
This is particularly useful for companies who supply products internationally. Fix-a-Form® booklet labels have multiple pages that offer the space to provide product information in many different languages.
Simplify inventory management
Brand owners don’t need to create packaging and therefore SKUs for every country they supply to. Because all that’s changing is the information on the product’s Fix-a-Form® booklet label, inventory management is simplified and costs are reduced.
Make application easy
Pyrotec PackMedia’s Fix-a-Form® booklet labels – which can be tailored to suit different product needs, packaging designs, and material requirements – are supplied on-reel, enabling them to be applied using standard labelling equipment.
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