The Bottom Line

The New World of Packaging Costs Matters in Your Vendor Contracts

Posted by Jim Kurtz on Apr 29, 2019 10:31:16 AM

The New World of Packaging Costs Matters in Your Vendor Contracts

Interesting times are ahead for companies that purchase significant volumes of pulp and paper, a group that includes virtually any manufacturer with packaging needs. After a decade-long run of price stability, the standard rate for pulp and paper has risen three times over the past two years. Moreover, the rapid growth of ecommerce is driving fundamental changes to packaging models. What used to be a single box of 24 items shipped to a single retailer is often now 24 separate boxes sent to individuals located at various points across the country or globe.

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After The Contract Is Signed, The Real Work Begins

Posted by Jim Kurtz on Apr 23, 2019 8:00:00 AM

Stacked coins adding up to rising bar chart

Negotiating new vendor agreements might be the part of the supplier contract process that garners the most attention, but it’s the careful attention to detail after the contract is signed that promises will deliver hard-fought savings. We don’t mean to say that vendors are always looking to pull one over on you after you have signed on the dotted line. Honest, human errors do occur on both sides of the contract, and maybe more often than we’d like to think.

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Topics: Insider, Manufacturing, Vendors & Contracts