by Bill Link, on 7/13/23 3:34 PM
Packaging has a paper problem...but it isn't what you think.
Boxboard and containerboard supplies notwithstanding, there's another less visible, but equally pressing issue at hand — the paper trail that drives business operations.
From shipping manifests to inventory records, mountains of paperwork are created, stored, and often lost, causing inefficiencies that drain time, money, and resources.
Nowhere is the problem more prevalent than in your shipping operations.
The good news is, digitizing is exactly the game-changer the industry needs. By transforming physical documents into electronic data, your company can unleash significant cost savings, realize time efficiencies, reduce errors, and even contribute to a greener planet.
Whether it's seeing a full return on investment in less than 18 months or drastically reducing the labor costs associated with handling physical documents, digitization is no longer an option — it's a necessity. So, let's delve into these points and explore why it's high time the packaging industry digitizes its deliveries.
Digital Documents Pay for Themselves
A report from The Association for Intelligent Information Management indicates that 42% of organizations who switch to digital document processes see a full Return on Investment (ROI) within 12 months, and 57% see an ROI in less than 18 months.
A Document Lost is Time Lost
According to McKinsey, employees spend 1.8 hours every day — 9.3 hours per week, on average — searching and gathering information. What could your team do with that extra time if documents were digitized and readily available?
Mistakes Cost Money
PricewaterhouseCoopers found that organizations spend $20 in labor to file each paper document, $120 in labor searching for each misfiled document, and $220 in labor to reproduce a lost document. These numbers demonstrate how digitization can lead to cost savings by reducing human errors.
Digital is Sustainable
According to The World Counts, about 50% of the waste of businesses is composed of paper. By digitizing paperwork, packagers not only reduce waste but also further their commitment to a more sustainable business model.
Explore Digital Diligence
The packaging industry, and more specifically, your packaging operation — is in a prime position to reap the myriad benefits of digitization. From significant cost savings to a considerable reduction in time wasted on manual document handling, the switch to digital isn't just good business sense—it's an essential step toward sustainability.
If the stats above have you considering a move toward digitizing your shipping operations, it's time to explore a tailored solution that can revolutionize your business process.
Sign & Drive, an extension to Amtech's EnCore ERP, is designed specifically for the packaging industry to digitize shipping paperwork. We invite you to join our upcoming webinar where you can learn more about how Sign & Drive will streamline your operations, save time and money, and contribute to a more sustainable business model. Let's leave paper in the past and drive forward into a more efficient, digitized future.
