6 Ways to Reduce Office Supply Costs
Everyone needs office supplies, from the parish of a small town to the largest conglomerate in the land. The daily grind of business requires tons of paper to be consumed every day, along with miles of pencil lead, staples, ink, and everything else that is used by millions of offices all over the world. The expenses for office supplies could reach up to 40% of a company's operational costs. Oftentimes, companies spend more on office supplies than they need.
When a company is wasting money, profits grow smaller. A company that should be earning $150,000 in profits might lose up to 25% of potential profits because of needless spending on office supplies. Experienced businessmen know that it's easier to reduce expenses than to increase profits. A profit margin of 10% can be doubled by cutting costs by that same amount.
I wrote this article to present some practical and effective steps to reduce expenses on your office supplies. By following these steps, your operational costs will reduce significantly and your revenue start to grow.
1. Inventory all the office supplies you have in the office right now and transfer 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 reused or salvaged with a little creativity and resourcefulness.
3. Start a collection. You can get a lot of office goodies from all those seminars, conferences, and expositions that you go to. You can stash them all and use them at the office.
4. Buy your supplies in bulk. A lot of office supply stores can give a substantial discount if you buy in bulk from them. Get enough paper, ink cartridges, diskettes, etc. to last an entire year. If this proves to be too difficult, gather your friends, co-workers and associates who need the same supplies that you need.
5. Learn when to buy. Stores have peak seasons and off seasons. During summer, a lot of office supply stores offer discounts, sales, and rebates for these items, so try to stock up on what you need before you have to pay full price.
6. Use the Internet. There are a lot of good office supply stores on the Internet that can help you save money. You may find the best prices for your corporate budget. Most online stores have detailed pricing and delivery information available on their websites. You can save a lot of time and money on your next purchase by going online.
All of us can reduce expenses with a bit of common sense. It doesn't take a financial genius to find ways to reduce operating costs. I hope that this article has provided you with useful information about reducing expenses and saving money by purchasing and using office supplies wisely.
Azlan Irda is the co-founder of http://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.
Published March 14th, 2007
Filed in Business




