Plow & Hearth



6 Ways to Cut Office Supply Expenses

by Azlan Irda

Everyone needs office supplies, from the parish of a small town to the largest conglomerate in the land. Transactions on a daily basis make 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 operating expenses, on the average. More often than not, companies spend 20% more than they really have to.

When a company is wasting money, profits grow smaller. A company that could be earning $150,000 in profits might be losing up to $30,000 of potential profits due to unnecessary spending on office supplies. Experienced businessmen know 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. A lot of companies are now becoming aware of this fact, and a lot more are also starting to take measures to curb overspending on office supplies.

I wrote this article to present some practical and effective steps to reduce costs on office supplies. Follow these steps and your operational expenses will be reduced significantly and your revenue start to grow.

1. Take inventory of all the office supplies that you have in the office right now and place 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. 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 your supplies in bulk. A lot of office supply stores can give a substantial discount 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. Stores have peak seasons and off seasons. 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 before you have to pay full price.

6. Use the Internet. The information highway is available 24 hours a day, 7 days a week, so go ahead and use it. 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.

A lot of times we can reduce costs by just using common sense and diligence. You don't have to be an expert to find ways to save money. I hope that this article has provided you with valuable information about reducing expenses and saving money by buying 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 staples office supplies.

Published March 14th, 2007

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