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Key challenges facing packaging industry:
- On-going cost pressures because of rising material, distribution and energy costs resulting in reduced margins.
- Shortened lead times with continuing efforts to reduce time from quote to cash.
- Vendor managed inventories (VMI) creating increased demand on internal resources.
- Increasing frequency in schedule and order requirement changes.
- Antiquated software approaches to estimating and scheduling.
- Inefficient inventory ordering and record keeping creating challenges in managing supply chain within the JIT environment.
- Vast majority of the products are prescriptive to individual customers requiring significant SKU management.
- Increasing environmental regulations resulting in difficulties in monitoring and ensuring 100% compliance.
For further information on how Pik-Pac can help you streamline your processes and lower your operating costs,
please contact us at info.pikpac@ngtechinc.com.
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