Sourcing for the right packaging material supplier for your business can seem like an additional step to the growing list of to-dos as you set up your business in Singapore. Yet, it is nonetheless an important step that will contribute to making your business more successful. We’ve previously covered the top five packaging-related questions to ask when doing your own research for potential suppliers but what are some additional pointers to take note of ?
To get you on the right track, we’ve summed up the top three key factors to consider as you select the supplier that’s the best fit for your business. Here’s what you need to know to find the best vendor for quality packaging supplies:
1. Think about what you’ll need
As a start, consider creating a list of criteria prior to evaluating potential suppliers. This includes what you intend to buy, budget, ideal lead time and exchange or return policy. On the other hand, if you’ve yet to decide on what materials you need as of yet and just exploring your options, it’s a good rule of thumb to browse the entire catalogue of your selected suppliers. As you scroll through their websites, take into account whether these items are in stock. It’s not a good sign if the materials are constantly sold out and not available when you need them. With that in mind, you may want to give the supplier a call to check their estimated lead time as well if it’s not stated on the website. To significantly shorten the lead time of receiving your packaging supplies, it can be beneficial in the long run to prioritise a local supplier in Singapore.
2. Compare prices and MOQs
Considering prices can be the next tricky part of your decision-making process, with more to ponder over if you’re a relatively new business. Depending on the number of customer orders per month, consider the Minimum Order Quantity (MOQ) offered by the various suppliers for your required packaging supplies and compare prices from there. A key rule is to highlight competitively priced suppliers and strike out those with ridiculously high or low prices. Before you hop on the cheapest option available, remember that there are other ways you can save on costs like scoring a better deal for high-volume orders. That way, you can also set a better price for your customers, considering your total cost of packaging has an impact on the final selling price of your products.
3. Test the product out yourself
As you are probably ordering your packaging supplies online, it can make a difference when you know beforehand what to expect. Ultimately, your choice of supplier should add value to your business. Taking a look at reviews from previous customers can give you an idea of both the service and product quality.
As an extra step, check with your supplier if you are able to visit their warehouse for sample packaging material before placing your order. At the end of the day, you’re paying for the functionality and durability of the packaging materials. So you will want to feel confident that you’ve made the right decision and have zero worries once you send your packages out for delivery.
Ready to stock up your inventory of packaging materials?
With these key considerations, you can now better decide on the right supplier for your specific business needs. With a wide range of packaging materials at your disposal, getting quality packaging supplies has never been easier with Million Parcel! For a trustworthy supplier that can deliver, get in touch with us today for more information.