A packaging system for improved management of cap inventory when different beverages, such as different types of milk (skim, 1%, 2% and whole) or water (spring, distilled, fortified, mineral etc.) are bottled in the same bottling lines at various facilities. The system includes maintaining a supply of standard caps, which may be free of colorants or pigments, and a supplies of reels of different colored (or differently printed) shrink sleeve material. The different types of beverage are bottled in containers that have a single standard cap and standard uniform bottles, and the different contents of said bottles are differentiated from one another by the application of colored (or distinctively printed) shrink sleeves or bands. The cap and/or the bottle neck are adapted to be engaged by the shrink band in a way that protects the bottle from being tampered with, and when threaded caps are used, helps prevent the inadvertent loosening of the caps during in shipment.