Cutting Office Supply Costs
By Azlan Irda
Everywhere that there are offices, there is a need for office supplies. Business transactions on a daily basis allow for tons of paper, pens, pencils, staples, and lots more of other office items to be consumed in billions of offices all over the world. Costs from purchasing office supplies could account up to 40% of an office’s operational expenses, on the average. More often than not, companies spend 20% more than they really have to.
Revenues shrink when a company wastes money. A company that should earn $150,000 in revenues might be losing up to $30,000 of potential income due to superfluous spending on office supplies. Every businessman knows that it’s easier to reduce expenses than to increase profits. If your profit margin is 5%, you can double your company’s profit by reducing expenses in that same amount.
Everyone needs to save and stop wasting money, whether you belong to a school, a parish, or a conglomerate. I wrote this article to present some practical and effective steps to reduce costs on your office supplies. By following these steps, your operational costs will be reduced considerably and your revenue start to grow.
1. Inventory all the office supplies that you have available right now and rearrange them in specially designated areas where people can easily find them when needed.
2. Reuse old supplies. Binders, folders, or even notepads from last year can be used again or salvaged with a little creativity and resourcefulness.
3. Start a collection. All those expositions, seminars, and conferences can yield a lot of office goodies. You can stash them all and use them at the office.
4. Buy in bulk. A lot of office supply stores can give a sizeable markdown if you buy in bulk from them. Buy enough paper, ink cartridges, diskettes, etc. to last an entire year. If you don’t have the budget to buy in bulk, you can also gather your friends and associates and buy the supplies you all need.
5. Learn when to buy. There are slow seasons and peak seasons for these items. Usually, office supply stores will offer discounts, rebates or sales on school and office supplies during summer, so try to stock up on what you need to avoid paying full price.
6. Go online. There are a lot of good office supply stores on the Internet that can help you save money. Research on the best prices available for the supplies that you need. Most online stores have detailed pricing and delivery information available on their websites. You can save a lot of time and money by going online.
All of us can save money with a bit of common sense. You don’t have to be an accountant to discover ways to reduce operating costs. I hope that this article has provided you with valuable information about cutting costs by buying and using office supplies wisely.
About the Author
Azlan Irda is the co-founder of www.aamofficesupply.com, which provides an extensive selection of high quality office supplies at affordable prices. Find out how you can save money and get the best, high-quality items when you buy office supplies.
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