The key to running a business efficiently is managing the finances wisely. One of the best ways to boost revenue is by cutting back on expenses. Office supplies cost companies a significant portion, and buying in bulk is a great way to strengthen your business financially and boost its efficiency. Let’s explore four fantastic reasons why you should buy office supplies in bulk.
As the saying goes, time is money. The more tasks that you can batch, the less time you waste on things that can be automated. A simple thing to automate is buying office supplies. Ideally, you buy office supplies only a few times a year. To make this process easy, come up with a list of the supplies you need and start tracking how often they are used. You should never buy more often than you need. Scarcity indeed makes employees value items more, while excess leads to waste. Ask yourself if it is truly necessary to buy sticky notes or even staplers when so many processes now are digital. By having a consistent process for ordering supplies and a system for tracking how often they are used, you can cut down on the time spent buying supplies and save money.
Accounting reports are never anyone’s idea of a good time. One thing that companies have to track strictly is expenses. If you buy your office supplies in bulk, you can spend less time looking at various invoices and trying to itemize the purchases. As office activities become more digital, it is a smart idea to invest in digital supplies like computer programs that may make work faster.
Another great way that buying bulk office supplies can save your business money is that you don’t have to worry about running out of them. Buy exactly enough for the office and automate the task so that new supplies always arrive on time. There’s nothing worse than stressing about a project for a client and realizing a crucial item is out of stock.
Lastly, the obvious benefit to buying bulk office supplies is that these supplies are often far cheaper than buying them individually. Many stores and suppliers have fantastic deals that offer great savings on items in bulk. In the long run, this can end up saving your business a substantial amount of money that can be reinvested where it counts.
The best businesses believe in maximizing efficiency and minimizing waste, and a fantastic way to do this is by buying office supplies in bulk. Take this as an opportunity to look at your business expense and find out what is providing the most value.
Bio: Anita is a freelance writer from Denver, CO. She studied at Colorado State University, and now writes articles about health, business, family and finance. A mother of two, she enjoys traveling with her family whenever she isn’t writing. You can follow her on Twitter @anitaginsburg.