How To Reduce Stretch Film Costs?

Stretch wrap or stretch film is used to contain the load tightly to the pallet. This helps in easy transportation of the pallets and protects the boxes from damages during shipping. Stretch wrap is one of the most cost effective ways to prevent product damage while shipping and transit.

If the stretch wrap is not utilized properly, it will make the packaging costs shoot up. Even a marginal loss incurred per pallet will result in huge cumulative value when you take into account the annual costs. Therefore, it is important to exercise caution with the use of stretch wraps.

When you are trying to cut down the stretch wrap expenses, it needs to be addressed at multiple levels – Sourcing, Size Optimization and Utilization.

At the first level when you are sourcing stretch wrap, you need to find the best prices. The cost of stretch film varies from one supplier to the other. You need to source your stretch film directly from the manufacturer so that you get the best deals possible instead of sourcing from a secondary distributor.

You should also try to increase your order volume by sourcing for the entire year or for the largest window possible. This will help you get volume discount and you will be able to save a great deal of money without having to compromise on the quality of the stretch wrap.

Try to go for custom boxes instead of using standard sized boxes. When you use custom boxes for your packaging needs, the initial cost of sourcing is likely to be high but on the long run you will be able to offset it through reduced material cost and reduced weight per pallet, which in turn is likely to save a great deal of money for you on the shipping costs. When you are trying to reduce the cost of stretch wrap in particular, you will be able to save a sizeable amount by optimizing the box sizes. When you use custom boxes that are just right for your products, you will bring down the overall size of the boxes and increase the box count per pallet. This in turn will reduce the number of pallets. Even a marginal reduction of stretch wrap per pallet will result in huge savings every year.

Finally, you need to work on efficient utilization of the stretch wrap. Do not decide on the thickness, width and the number of wraps in a random fashion. It needs to be carefully decided based on the actual load that needs to be contained. Try to make use of a wrapping machine to ensure proper wrapping that would avoid unnecessary wastage that is often caused during manual wrapping.

It is possible to save on the stretch wraps by paying attention to the above factors. Sourcing your stretch wrap in the last minute should be avoided if you want to get the best prices. Try to source your stretch wrap from the same supplier every time to get special price discounts.

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