Cutting Office Supply Expenses

Everywhere that there are offices, there is a need for office supplies. 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 across the globe. Office supplies can account for up to 40% of a company’s operational costs. Oftentimes, companies spend more on office supplies than they need.

Profits shrink when a company wastes resources. A company that could earn $150,000 in profits might lose up to 25% of potential profits due to needless 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.

Everyone needs to save and stop wasting money, whether you belong to a school, a church, or a conglomerate. I wrote this article to present some practical and effective steps to save money on office supplies. By following these steps, your operational expenses will reduce significantly and your revenue start to grow.

1. Inventory all the office supplies you have in the office right now and place them in specially designated areas where people can easily find them when needed.

2. Recycle. Binders, folders, or even notepads from last year can be reused or salvaged with a little creativity and resourcefulness.

3. Collect them all. You can get a lot of office supplies from all those seminars, conferences, and expositions that you have to attend. You can stash them all and use them at the office.

4. Buy in bulk. A lot of office supply stores can give a substantial discount if you buy in bulk from them. Get enough supplies 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. There are slow seasons and peak seasons for these items. 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 to avoid paying full price.

6. Go online. There are a lot of good office supply stores on the Internet that can help you save money. 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.

All of us can reduce costs with a bit of common sense. It doesn’t take an accountant 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 Viking office supplies.

- Azlan Irda