Within Operations Management, Purchasing is one of the most ignored and least-understood areas. Because of these factors, Purchasing is a challenge for most companies that inevitably end up with arbitrary and ineffective purchasing processes.
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Understanding the Purchasing ProcessAt a very basic level, Purchasing entails balancing quality, quantity, and pricing in a way that ensures that your companys needs are effectively met within the budget that it has set for itself.
Before planning a revamp of your companys purchasing process, a clear understanding of the different stages of the purchasing process is crucial.
Starting with identifying a need for something to be purchased, to deciding on the product/service, the setting up of a dedicated purchasing team, planning for the quantity and specifying the quality requirements, budgeting, selecting suppliers, logistics, performance evaluation, and then to finally implementing the actual contract, an organized and informed purchasing process needs to be created first.
The one big question that businesses want answered is : what are the benefits of the purchasing system with regard to business revenue?
The simple answer is that while purchasing in the strictest terms is about purchasing goods to meet business requirements, its impact on business outcomes can be substantial and easily extend beyond the purchasing department. Here are some areas where purchasing can impact other areas of the business:
Operational Efficiency: An optimized purchase order system can save time, money and maximize cash flow. Easy and quick access to a purchase order, the ability to enforce budgets, and ensuring accountability across your company is key to a better purchasing process, and, in turn, savings.
Fraud Reduction: Fraud is a major challenge for any business. Instances of internal fraud are high in the absence of an organized purchasing process. However, if a company invests in building an organized purchasing process, it is assured of an audit trail for every transaction which can be used to identify exactly who is trying to defraud the company, and deter others from engaging in fraudulent behavior.
Easy Access to Crucial Information: This not only leads to improved efficiency and accountability, but it also allows the business greater visibility into areas of improvement. For example, a business that has access to purchasing records over a period of time will be able to record purchasing trends, vendor behavior and use that information to plan and negotiate budgets for future orders.
Better Budgetary Control: This, again, is a challenge for businesses. Prior to making a purchase, it is vital to know if there are sufficient funds to pay for it. An organized purchasing process improves financial planning and management, which leads to better pricing, better planning, and, of course, better control over cash flow.
Organizing Your Purchasing ProcessAn organized purchasing process provides the business with a clear and detailed framework within which it can work, and enables the matching of the right solution with the exact business needs.
Make use of technology: By automating your purchasing process, you could achieve time savings, a dip in business risks, streamlined processes, and reduction in administrative costs. For example, by adopting Procure-to-Pay (P2P) function, businesses can benefit from faster processing, better visibility vis-à-vis tracking purchasing orders, and a reduction in labor-intensive investment.
Empower the Purchasing department: Connect the department with the required set of product/service specifications and order requirements in a timely manner. Information such as the pricing list, or a list of approved suppliers or even detailed information about the product/service as and when it is needed should be made easily accessible to avoid unnecessary delays.
Improve Supplier Relationships: With a focus on increasing value not just for your business but also for the supplier(s). Most suppliers dont mind reconsidering contract terms if they believe that will garner more business from you in the future. Furthermore, risk management, with respect to damaged goods or delayed shipments, is one area which becomes easier to navigate if both parties enjoy a healthy relationship as opposed to being on adversarial terms. With a dependable and collaborative supplier on board, the need to reevaluate suppliers and terms and contracts is reduced, there is scope for price negotiations, and your purchasing department will not have to rush through last minute orders.
Establish an operating model: Focus on delegating responsibility based on the strengths of the purchasing team members for both commercial tasks and technical roles. Make sure there is a performance scorecard and a documented procurement objective, vision, and strategies which are periodically reviewed by senior management. Have your purchasing team sit in on crucial meetings relating to sales and customer satisfaction so they are connected with the workings and deliverables of the different sections of the department.
The Role of the Purchasing Department
The purchasing department of a business has several key responsibilities. Having a team that is qualified to meet these responsibilities is paramount to business success. The following are some of the key responsibilities of the purchasing department of a business:
Before delegating responsibilities to the purchasing department, it is important to outline a purchasing policy for your business. It can serve as a guide within the purchasing department and also be used as a knowledge tool for new team members. The scope of a purchasing policy, of course, is specific to each business. In a small business, the policy is relatively simple and easier to create and maintain. Obviously, it will need to be more detailed and extensive in a large business.
As mentioned above, this is a simple purchasing policy that will hold well within a small or medium-sized business. Big businesses treat the creation of a purchasing policy in a more comprehensive manner.
Evaluation of suppliers happens prior to placing an order. However, the role of a purchasing team is not limited to simply identifying the best supplier, but also to ensure that over a period of time, the value they are getting matches the costs. One of the best ways of ensuring this is by periodically evaluating supplier performance.
The following points can be used as a benchmark when evaluating a suppliers performance:
Custom packaging makes an impressionable mark on customers and protects the contents to ensure products arrive as expected. The best suppliers for custom mailer boxes and packaging will have an array of design and customization options, a low price point, many types of containers, great UX design, and no, or at least limited, minimum order requirements.
In our evaluation of the best custom boxes and packaging sources, we found that the eight best custom mailer boxes are:
Minimum order requirements
Turnaround time
Extent of container options
Production within 10 business days; shipping within 6 additional business days
Average
Visit BuyBoxes2025 business days; expedited production is 68 business days; samples in 35 business days
Above average
Visit PackolaProduced and shipped in 1015 business days; shipping in 35 business days
Above average
Visit FedEx14 units come in a sample order
Full production orders of 5+ boxes ship in 10 business days; shipping time varies
Above average
Visit FantastapackNone for corrugated boxes; minimum 25 units for paperboard cartons
Production in 710 business days (15 business days for HDPrintGloss);
rush production in 46 business days; shipping time is an additional 12 weeks
Average
Visit PacklaneWebsite claims low order minimums without specifics
Production time 1020 days depending on quantity
Below average
Visit Packwire30 units
Some orders can be delivered in just 7 days
Above average
Visit Packhelp60 units for custom boxes; 50 units for custom mailers
Lead time is 1520 business days for branded boxes; 1015 business days for color boxes
3 styles for custom boxes and many other custom product types
Visit The Packaging Company
Overall Score:
4.76
/ 5RATING CRITERIA
Pricing Customization Options Customer Experience Expert ScorePros
Cons
BuyBoxes is our top pick for your custom box needs. It has a great selection of containersfrom your standard corrugated boxes to donation bins (the only provider that beats this variety is FedEx). BuyBoxes also has a speedy production time (including shipping) of under 10 daysone of the fastest turnaround times among any of the providers we evaluated.
With its selection and quick turnaround, BuyBoxes earns our top spot, only getting docked for its site navigation and limited support and customer service availability.
Visit BuyBoxes
Pricing depends on the type of box you want to customize. To order 100 7x6x3 cardboard boxes, for example, pricing starts at $3.90 per box. You can get instant pricing information on the site if you know what kind of boxes you need and how many, or reach out for a custom quote. Custom pricing is encouraged if you want to order more than 1,000 boxes.
BuyBoxes is a great option because there are no order minimums, and most orders are produced within 10 business days. After that, theyre shipped from the companys location in Massachusetts within six business days.
Some of the standout features from BuyBoxes include:
Overall Score:
4.55
/ 5RATING CRITERIA
Pricing Customization Options Customer Experience Expert ScorePros
Cons
Packola is another custom box and shipping supplies company we love. It has various customizable products, including tissue paper, stickers, and other internal packaging elements. You can also customize your box dimensions. Like BuyBoxes, theres no order minimum, so you can order just one to see how you like it before committing to a full order.
It also offers a great 3D design suite with components that allow you to design each panel of your box and see a three-dimensional rendering as you go. Moreover, Packola has positive customer reviews, a friendly return policy, and a great selection of packaging products.
Drawbacks include some dimension limitations and few container options.
Visit Packola
Like BuyBoxes, Packolas pricing depends on the type of box you want to customize. To order 100 8x8x3 cardboard boxes, for example, pricing is around $3.84 per box. This pricing is comparable to BuyBoxes, and Packola even has a price match policy. Theres no order minimum, so you can order as few or as many as you like.
Turnaround time is slightly longer, taking between 20 and 25 business days. However, you can pay extra to expedite this process and receive the boxes in 1012 business days.
Some of the standout features from BuyBoxes include:
Overall Score:
4.50
/ 5RATING CRITERIA
Pricing Customization Options Customer Experience Expert ScorePros
Cons
With its intuitive website, custom order sizes and box dimensions, and low order minimums, FedExs custom box program is excellent. What really makes FedEx stand out, however, is its product variety. Not only does it have a plethora of container types to choose from (including wine and beer carriers, for example), but you can customize the material and gloss finish for maximum options.
In addition, FedEx has a competitively low price point and allows you to decorate every face of your box (from the inside out).
Visit FedEx
For pricing, FedEx keeps things customizable. Its $2 per box if you order 500 9x6x2 boxes. You can also order a single sample unit before you make a full order. This is great if you want to see what your custom design will look like before you pull the trigger on larger quantities. Additionally, you can specify custom order quantities rather than requiring any set quantities. Theres no minimum order quantity, and unit prices decrease as you increase your order volume.
Overall, FedEx offers a competitive, low price point and will be able to provide you with the exact quantities you need for your business. FedEx doesnt tack on a plate charge for your designs, so you can make your box as intricate as possible without worrying about driving up the price. Most receive boxes in under two weeks.
Standout features of FedEx custom boxes include:
Overall Score:
4.10
/ 5RATING CRITERIA
Pricing Customization Options Customer Experience Expert Score Explore more:Contact us to discuss your requirements of Gift Tin Manufacturer. Our experienced sales team can help you identify the options that best suit your needs.
Pros
Cons
Fantastapack is a great pick for your custom box needs if affordability is a priority. It has low order minimums and attractive pricing. Plus, a great selection of containersfrom packaging to food and displaysmeans youll likely find what you need. Production time is also fairly quick, with rush options available.
On the flip side, customer reviews say its frustrating to deal with support, and many orders arent delivered within the estimated window.
Visit Fantastapack
When we plugged in a similar order to The Packaging Company and Packlane, Fantastapack gave the best pricing. It ranged from $2 per box to just over $3 per box, depending on printing options. Fantastapack also has low order minimums, so its one of the more affordable options on this list.
As far as turnaround time goes, standard production time is 10 business days, plus however long it takes to ship. You can pay a rush fee to shorten production time to seven business days. However, many customer reviews say estimated delivery dates arent met.
Some of the standout features from Fantastapack include:
Overall Score:
3.93
/ 5RATING CRITERIA
Pricing Customization Options Customer Experience Expert ScorePros
Cons
If having an intuitive and rich design suite is a priority, Packlane is the best custom box supplier for you. While many of the providers on this list have great design suites, we found Packlanes to be the most intuitive and user-friendly. Packlane also has in-house shipping label printing via Shiplane and an easy-to-use site.
On the flip side, its container variety and size options are limited. We also found Packlane to be at a slightly higher price point in relation to quality than any of our other options.
Visit Packlane
Packlane provides some of the best custom boxes at a price that decreases as you increase your order volume.
Packlane also offers a special service for bulk orders of more than 2,000 units. Through the Volume Discount option, Packlane will write you a custom quote with a steep discount when you place an order for over 2,000 units. For orders smaller than 2,000, a price will automatically be generated on the site.
Standout features of Packlane custom boxes include:
Overall Score:
3.80
/ 5RATING CRITERIA
Pricing Customization Options Customer Experience Expert ScorePros
Cons
Packwire is a great solution for small businesses with straightforward needs and perhaps limited design expertise. A responsive and proactive customer success team ensures every order is up to its quality standards. A simple list of box options can reduce overwhelm.
However, the limited options can also be seen as a downside, as Packwire may not be able to grow with your business like the others.
Visit Packwire
Packwire has the most limited options for boxes, including folding, rigid, mailer, and shipping boxes. Custom mailer boxes are 60 cents to $6+ per box, depending on size and quantity. An order similar to the examples above brings the pricing to more than $4 a box, making it not the most expensive, but definitely one of the pricier options on this list.
The Packwire website says there are low order minimum requirements but doesnt specify the amount. Turnaround time is 1020 days for production, depending on quantity, plus shipping time.
Some of the standout features of Packwire include:
Overall Score:
3.64
/ 5RATING CRITERIA
Pricing Customization Options Customer Experience Expert ScorePros
Cons
Packhelp has a huge variety of custom boxes and branded items, all designed with a commitment to more sustainable business practices. Purchase sample packs of the high-quality boxes to ensure you like them before you commit. Packhelp is also one of the more affordable custom box options.
While we like Packhelps innovation, its also more limited in design and customization options than other box and packaging companies.
Visit Packhelp
Packhelp is the only option on this list that offers a subscription pricing model for its premium Packhelp Pro services. This would suit small businesses that frequently need to use custom boxes. It also includes dedicated customer support and additional user accounts.
You dont have to subscribe though. An order of 240 standard custom mailer boxes, for example, is just over $1.60 per box. Unfortunately, Packhelp does have an order minimum of 30 units, though you can also purchase smaller sample packs. Turnaround time is fast and varies, but often within seven days.
Standout features for Packhelp include:
Overall Score:
3.53
/ 5RATING CRITERIA
Pricing Customization Options Customer Experience Expert ScorePros
Cons
The Packaging Company is much more than just a custom box websiteit also carries standard (non-custom) supplies, janitorial supplies, and other things you might need for your store. In addition, it has a premium design studio with tons of color, container, design, and material options. In addition to custom boxes and mailers, The Packaging Company probably has the most extensive list of customizable products of any optionyou can also customize packaging tape, food carriers, bubble wrap, tubes, foam, envelopes, chipboard, sanitizer, and strapping.
Some downsides include the price point, lack of custom order quantities, and user reviews.
Visit The Packaging Company
The Packaging Company has a mid-range price point. It also has a pretty high order minimum5060 unitsmaking it a less desirable option for smaller enterprises. It also only offers three custom box styles: a front lock mailer, an easy fold mailer, and a regular slotted carton.
The Packaging Company has upcharges for most of its design features, so be sure to watch the price tag as you continue to add elements. For a flatter pricing structure, try FedEx. A similar order to the Packlane example above brings the price to nearly $6 per box, almost double Packlane.
Some of the standout features from The Packaging Company include:
Packaging is important to protect your products while theyre in transit to your customer. In addition, custom packaging solidifies your brands identity, subsequently increasing awareness and value. Overall, it also provides a great unboxing experience for your customers.
When evaluating the best custom box suppliers, we look for features and criteria that make your life easier, save you money, and give you the best possible end product. We look at everything from design features to site navigation, customer service, and pricing informationanything that gives a better picture of the company and the services it provides.
Overall, our top pick is BuyBoxes. With its competitive price point, rich customization features, and fast turnaround times, BuyBoxes is a fantastic resource for your custom packaging ideas.
Here is a breakdown of our scoring criteria for the best custom box companies:
25%
Pricing
35%
Customization Options
20%
Customer Experience
20%
Expert Score
We looked at minimum order requirements, custom order quantities, and general price points. FedEx, Packola, BuyBoxes, and Fantastapack earned perfect scores in this criterion.
We looked for interior and exterior printing options, container variety, size options, and overall breadth of design features. The Packaging Company and FedEx earned the highest scores in this category, followed closely by BuyBoxes.
We looked at ease of site navigation, customer service, and return and refund accommodations. Packwire led the suppliers in this criterion, followed closely by Packola, BuyBoxes, and Packlane.
We looked at overall quality, value for money, and user reviews. BuyBoxes got the highest marks, followed by Packhelp.
*Percentages of overall score
When choosing the best custom packaging for your business, consider the following:
Aside from protecting your parcels during shipping, custom packaging solidifies your brands identity, subsequently increasing awareness and value. Overall, it also provides a great unboxing experience for your customers.
That would depend on the products you ship and your business goals.
If budget is a concern, start with a few pieces of custom boxes to test the waters, monitor your overhead costs, and see how customers react to it. You can keep it as part of your fulfillment operations once you have the budget or if your customers send positive feedback.
Meanwhile, if you want to invest in unboxing experiences, custom boxes build anticipation and excitement over your product. Conversely, it also can serve as part of your social proof (or social influence) once customers post their unboxing experience in social media or reviews.
You have two ways to design custom boxeshire a designer or do it yourself. The custom box suppliers we have featured in our best sources for custom boxes buyers guide all have built-in design suites, which we have tested and found to be intuitive and user-friendly for non-designers.
Custom boxes protect your products during shipping, strengthen your brand identity, increase brand awareness and value, and create a memorable unboxing experience.
Custom shipping boxes can be worth it if you choose the best packaging company and use a strategic approach to the design.
Custom corrugated boxes have three layers for added protection and include customized design or branding.
The importance of creative packaging design is to create a memorable and positive first impression. It also boosts brand awareness and improves the unboxing experience.
Choosing the best custom box company for your business is a big decision. Price, product selection, design features, customer service, and many other factors all play a role in your decision. With the guide above, you can make an informed decision about the best custom box supplier for your business.
Based on our criteria and expert evaluation, BuyBoxes is the best choice when it comes to custom shipping boxes. You can learn more and start designing your custom boxes by visiting its website today.
Visit BuyBoxes
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