With everything else that your business spends money on, office supplies might seem like little change, but when you add up the expenses over the time span of a year, your business could be spending a lot more money than it is necessary. When left unchecked, these costs can significantly cut into your profit margin, which is something no CEO wants to see. Fortunately, there are a number of great tips on how to save money on office supplies.
1. Buy in Bulk
One way to trim down office supplies is to look for the best deals when buying bulk supplies such as paper, pens, ink, notebooks, etc. By buying commonly used items in large quantities, you may be able to save a lot of money. But be aware when buying in bulk, so you don’t end up with too much of what you don’t need.
2. Buy Generic Products
Instead of purchasing name brand supplies, consider buying generic or store brand products, especially for office supplies like file folders, sticky notes, and staples where any difference in the quality of the items won’t have much consequence.
3. Shop Online
One of the great merits about online shopping is your ability to compare prices on dozens of items with the click of a mouse. When shopping for office supplies, have a look online to see if you can find what you need for a much cheaper price. Moreover, you can also use coupon codes at the checkout for more savings.
4. Look for Specials and Discounts
For the occasional one-off item, double check to see if any vendors are running specials or sales. Moreover, if you have an established relationship with a retailer, use your connections and ask if any discounts are available for regulars, especially those who buy in large quantities.
5. Buy Remanufactured Compatible Toner Cartridges
Remanufactured toner cartridges for your printer or photocopier can be 30% cheaper than the price of original toner cartridges, while providing the same print quality. For instance, the price of a new Hewlett-Packard CE4127X cartridge is $218, compared to $50 for a remanufactured one, a savings of 77%.
6. Save Paper and Ink When Printing and Copying
Set your office printers to be double-sided by default and alter everyone’s default print settings to Draft mode and to print in black and white. This could cut your paper usage by half, as well as save you up to 25% on ink and toner.
Operating a business can be costly, but office supplies should not be a forgotten area of your enterprise. We hope the above-mentioned 6 tips on how to save money on office supplies would prove helpful to you. Have a look at where you can reduce waste and cut costs, and you should see your profit margins begin to increase.
Post time: Dec-12-2018