The annual tax deadline is just around the corner, which means if you haven’t already filed your tax return you are probably scrambling to get your papers in order and digging through your shoe box full of receipts. Of course the one word that makes people cringe around tax season is “audit”. However, this year the packaging consultants at Chainalytics are putting a fresh twist on the old fashion “audit”.
Here’s the top 3 reasons that this year you actually WANT a packaging audit of your products and their warehousing & distribution system:
1) Uncovering potential savings you never knew existed: Just like your tax professional knows the ins and outs and loopholes of the tax system, the packaging engineers at Chainalytics know the ins and outs of packaging and supply chain and how you can maximize your returns while minimizing your spend. The key is understanding your product’s needs, from a packaging and customer experience perspective, while also being able to protect the product during distribution through your supply chain.
2) Fresh set of eyes: Staring at the same problem (or tax forms) for a great length of time usually leads to frustration with minimal changes or progress being made. A fresh set of eyes can bring a new perspective to the same old problems and quickly move to make changes and implement. The Chainalytics engineering team as conducted numerous packaging audits & assessments and have seen many of the same problems, challenges and obstacles that may be stalling your progress.
3) Cash back return: A traditional tax audit usually means that something in your tax filing didn’t quite add up, which in turn means you likely owe the government more money, tax audits don’t often go your way. On the other hand, the overwhelming majority of our clients typically see significant cash back return with high return on investment when they hire Chainalytics for a packaging assessment. The outcome of a packaging audit leaves our clients with a list of packaging cost savings opportunities – targeted to reduce materials, improve cube utilization, increase trailer load weights and improve efficiency.
Even though the clock is ticking on your tax return for the government, there is never a deadline to conduct a packaging audit or assessment. The only down side in delaying an assessment of your packaging systems is you would also be delaying your cost savings potential. If your packaging hasn’t been reviewed for supply chain cost savings in a while, there’s no better time to start than today. The packaging consultants at Chainalytics are ready to help!
To learn more about our packaging assessments and start a dialogue, emailus!