Enter Packaging business, the right way
The packaging is a new opportunity for print entrepreneurs. The packaging remains a lucrative area and assumes more importance for many reasons – the increasing consumerism, thriving food & beverages sectors, increasing trends to launch new SKUs, growing rural consumption, above all post-COVID scenario gave impetus to many segments, especially the health and hygiene products.
The forecast is that demand for various types of packaging like rigid packaging, flexibles, labels, food-grade packaging, sustainable packaging, anti-counterfeit and smart packaging is increasing exponentially in the backdrop of rising disposable income and higher spending power of young consumers in India. The brands are also trying to bring in a lot of innovative product line up with much more product varieties to choose from.
Challenges in Packaging production
Since many print entrepreneurs are eager to jump into the packaging, there needs caution and realistic understanding to manage this business profitably.
The packaging is much more than printing, it combines the printing and manufacturing processes. The packaging needs an altogether new business approach and strategy, it needs much higher investment and deeper understanding about many crucial factors – infrastructure, processes, material management, supply chain and warehousing, understanding of finished goods, the know-how of packaging lifecycle till it reaches the customer and even beyond, packaging performance tests, quality certifications, colour & print standardization, pre-press, Quality assurance etc. Without which the entrepreneurs land up in trouble when they confront the realities and can learn only by spending too much.
Future Schoolz conducts an online course to provide a realistic understanding of preparations required to start a packaging business. It will provide the directions about the learning and homework required to understand materials, prepress, customer expectations, quality criteria, printing, post-press, case making, embellishments, storage, transporting, customer experience, financial and working capital management, investment etc based on your investment and customer segment.
The faculty will be from Future Schoolz, packaging industry and OEMs. The course will enable the entrepreneurs to strategize right, to confidently explore the packaging and to understand the pitfalls early. It will also help you to decide is it a lucrative investment considering the capabilities and limitations as an entrepreneur and what it takes to be successful.
How to Join?
The course is for 40 hours, 2-hour classes per day. The Course fee will be Rs.30,000.00+GST (5,400.00). Transfer the payment to this bank account and share us the UTR no. Include your Full Name in the narration of Bank transfer.
Account Name: Future Schoolz | Current A/C No.: 1390 0210 0027 42 | IFSC: UCBA0001390 Bank: UCO Bank Branch: M G Road Ernakulam, Ravipuram, Cochin, Kerala – 682 016 | GST No: 32BSHPN5069C1ZV
- A holistic overview of starting a packaging business
- Suitable for entrepreneurs to decide how, where and when to enter the packaging business
- Exposure to the multiple technologies and industry trends
- Learn what is important to be aware of in packaging production & supply
- External experts to guide on various stages of the packaging lifecycle
- Easier to take the right steps towards starting a packaging business
|Enter Packaging – Introduction||Investment & Finance, Know your customer, Technical Competency, Quality expectations, Growth prospects||2 hrs|
|Before the Start Button||Identify customer, customer segment, customer requirements, niche Vs supply, Plant & Location, marketing and sales, competition analysis, pricing understanding, cost parameters, technology upgrade, growth prospects, investment and returns, Documentation||4 hrs|
|Financial Management||Investment decisions, Initial funding, working capital, business & payment cycle, profit margin, costing and estimation, depreciation, cost of technology||2 hrs|
|Pricing strategy||Factors to be considered for pricing, base cost calculation, indirect cost factors, profit margin, value-based approach, customer and vendor point of view, annual pricing, pricing terms, work order quantity, volatility management||2 hrs|
|Choosing a Segment||Flexibles, Rigid boxes, Cartons, Labels, Digital Packaging||2 hrs|
|Infrastructure||Pre-press, Printing, Post-press, Finishing line, R&D, Inspection systems||5 hrs|
|Material Management||Substrates, material quality, suitability, properties, new grades. Inks & Chemistry, Coating – Water-based Vs UV, material cost optimisation, Sustainability trends||4 hrs|
|Processes & Systems||SOP, software, production workflow management, automation, customer experience, innovation, R&D, secure and smart packaging||5 hrs|
|Quality Control or Assurance?||Importance of QA, Customer segment based norms, export requirements, global standards, quality systems, Packaging tests, Certifications – GMP, BRC – IoP, PS 9000, OHAS 18001 etc, food-grade, colour management certifications||4 hrs|
|Supply Chain Management||Vendor selection to ordering, material stock management, inventory Optimisation, demand forecasting||1 hrs|
|Warehouse||Storage of Finished Goods and Work in Progress goods, warehouse management, FIFO, Store management, wastage management||1 hrs|
|Packing & Logistics||Packing, transportation, delivery, return||1 hrs|
|Engaging Customers||Closer collaboration with the customer, understanding packaging systems, line assembly know-how, problem analysis & solving, optimise cost and time for packaging inventory management of customers||2 hrs|
|Human Resources||Workforce quality, recruitment, skills & attitude, training, Learning & Development||2 hrs|
|Maintenance & Safety||Maintenance management – Restoration, Preventive & Prediction Maintenance. Maintenance checklist. Safety Precautions – machines Equipment & Personals. Personal accidents. Insurance for plant & Machines, Accident insurance, Safety precautions to be followed in the press area and Five steps of housekeeping (5S method)||2 hrs|