Introducing Price History: Revolutionizing Packaging Cost Analysis

May 4, 2023

We are constantly striving to innovate and provide our users with tools that enhance their understanding and management of the packaging supply chain. Today, we're thrilled to unveil our latest feature, Price History. This powerful addition allows you to gain valuable insights into packaging price trends and make more informed decisions when sourcing your packaging materials.

Discover the power of Price History

With Price History, you can:

  • View and analyze pricing trends for packaging on the Lumi platform

  • Initially supporting corrugated mailer boxes (with plans to expand to all products)

  • Filter by quantities, dimensions, and other packaging properties

  • Evaluate the competitiveness of your current packaging prices without even submitting a quote

New ways to maximize your packaging strategy

This information can be utilized in two distinct ways to benefit your business:

  1. Determine if your current packaging prices are competitive and whether to re-quote an item in the marketplace

  2. Gain a better understanding of how factors such as minimum order quantities (MOQs), dimensions, and style impact the ultimate cost of packaging during the design phase

Building on success: Corrugated Price Tracker

This new feature builds on the success of our Corrugated Price Tracker, which offers up-to-date pricing on corrugated materials and helps you monitor price changes over time. By providing a comprehensive view of packaging price trends, Price History empowers you to optimize your packaging supply chain and make more informed decisions when discussing with suppliers.

Get started with Price History Today

If you're ready to take advantage of the Price History feature and harness the full power of Lumi to source, optimize, and analyze your packaging supply chain, head to your analytics dashboard. And if you don't have a Lumi account, sign up for one today. Our platform connects and streamlines communication between you and our network of over 3,000 suppliers, ensuring that you have access to the most competitive packaging prices and reliable production partners. 

Say goodbye to guesswork and hello to a smarter, data-driven approach to packaging.

 Introducing Price History: Revolutionizing Packaging Cost Analysis

Innovative brands use Lumi to manage scalable and sustainable packaging.

Learn more →