1. Brand and Non Brand Products-
It’s not always about the branded products when there are equally credible non branded products on the market. I have established that 90% of my customers have found non branded products cost efficient with no compromise on the quality. I would highly recommend you speak with your suppliers account manager to help identify your requirements. They are the experts in the office supplies field and can most definitely advise you on where there could be higher benefits for you when purchasing branded or non-branded products. You will be surprised to see how much money you can save by moving away from purely purchasing branded products!
2. Expert advice-
As I mentioned above, speaking to the right supplier is essential in making significant savings for your business. They will help you make the right decisions on what products to purchase. You will benefit immensely in having an expert business supplier who is regularly advising you on selecting the right products for your business. Have an open mind when you receive the next office supplies cold call as you may be a phone call away from making those great cost savings!
As a small business owner, you are constantly on the lookout for ways to reduce overhead costs for your company. A great way to save costs for your business is to purchase items in bulk. This will reduce the cost per unit and will have long term benefits on supplies and products. Most online stationery websites offer extra discounts on bulk office supplies, purchases and combo offers. So buy products which will be used more than others such as paper, pens, notebooks, ink cartridges, envelopes, calendars etc. and this way you will always be prepared if prices fluctuate in the future.
With a tight budget promotions are a great way of making significant savings. Your supplier should be keeping you up to date on current and upcoming promotions. This will help to make great savings for your business and hopefully you’ll have extra products in stock.
5. All in one Combo-
Something else to consider is the ‘All in one combo products’. Gone are the days of having separate printers, copiers, scanners and fax machines. Buying these products separately is old school and high maintenance. It is highly beneficial to use the latest ‘all in one combo’ machines. Buying a single machine will more likely take up less space and meet all your printing, scanning, faxing and copying requirements.
6. Employee spending-
You must always keep a record of employee usage of office stationery. Your business will benefit from having a supplies register where all staff members record what they use and purchase. This will be a valuable review tool in understanding the costs per employee in your business and will eliminate wastage. Staff should be monitored on their usage of company supplies as the data can then be used to track spend.
Another smart way of making the most of your budget is by using the haggling tool. Most customers never ask for a discount or ask their supplier from whom they purchase if they could do a better price. WHAT YOU DON’T ASK FOR, YOU DON’T GET!
8. Safe and Sound-
Be sure to keep your office supplies safely locked away. Do not let staff just access the stationery cupboard whenever they will as your business supplies are a real cost to the business and hence need to be viewed that way.
For all business owners looking to cut unnecessary costs. Start using these 8 tools today as they are essential for your business to make all the right savings.