On the contrary, with its various virtues Tin Cans can be slightly costly. Thus, a huge surge in demand means pressure on Tin Can manufacturers – for timely supplies and being cost competitive.
Out of several business practices, Just in Time delivery of tin cans is an important factor that can have a positive impact on the cost for the manufacturer as well as the consumer brand. Those who are new to Just in Time (JIT) inventory system, it is a management strategy that aligns raw-material orders from suppliers directly with production schedules (Credit: Investopedia).
Before we delve into how Just in Time delivery is maintained, lets understand why Just in time delivery is necessary for Tin Cans.
Tin Can aesthetics has a short shelf life
White a Tin Can last for years; it starts gaining rust and losing shine with time. The best strategy is to deliver the filled Tin Can to the end customer within 1-2 weeks – so it can outshine on the shelves and prompt a sales. A slightly rusted or dull Tin Can is prone to discourage the customers from buying. Thus time for printing, fabrication, filling and stacking on the shelves has to be minimum. The less is better.
Tin Cans are storage space hungry
A ready to ship Tin Can consume a lot of storage space. Ten bundles of one liter Tin Can that has 36 boxes each can take 1.5 meter square space. In industrial areas where the Tin Can manufacturer or the Consumer Brand filling lines are located the real estate have soaring costs. The more you store the more rent you have to pay for godown or the maintenance of the storage.
Tin Can inventory is a capital investment
Tin Can packaging in itself is not a consumer utility. Keeping a stock of empty Tin Cans means locking up the capital and losing on other investment opportunities or the bank interest. Whether it is stocked at Tin Can manufacturer’s production facility or at the consumer brand’s premises – it adds to the cost of the overall product.
So we can see that reducing the inventory level and storage time of Tin Cans is an important business practice which leads to cost savings, reduction in rejection and easier sales.
Anupam Products Limited, India’s foremost Tin Can manufacturer, adheres to the Just in Time (JIT) practice for both in-house production processes and timely deliveries to customers’ premises.
To excel in Just in Time production, we employ various strategies and good manufacturing practices:
Production Readiness
Each Tin Can is manufactured in separate parts—Tin Can body, bottom, ring, lid, and handle. Instead of stockpiling complete Tin Cans, we maintain a minimal inventory of individual parts. Storing parts requires 80% less space compared to storing finished Tin Cans. By fabricating the full Tin Can only upon receiving a customer order, we leverage our ready parts and fabrication capacity, enabling us to produce the desired quantity of Tin Cans within a few hours. This allows us to ship the product within 12 to 36 hours of receiving the order.
Data-Driven Demand Forecasting
Leveraging historical data of the last 53 years, Anupam Products possesses the capability to forecast industry demand with up to 80% accuracy. This data-driven approach ensures efficient production planning and minimizes the risk of overstocking or understocking.
Account Management Communication
Our dedicated account managers maintain frequent communication with customer representatives to gain insights into current and future demand trends. This proactive engagement helps us align our production processes with customer requirements, ensuring a streamlined and responsive supply chain.
By adopting these practices, Anupam Products Limited not only optimizes its production efficiency but also contributes to the broader objective of cost savings and waste reduction within the Tin Can manufacturing industry.
Staff Writer
Staff Writer at Manufacturing Industry
In this practice a Tin Can manufacturer and the consumer brand strives to minimize the inventory of empty Cans and produce maximum goods when the order is received from filling lines.