Who would have thought that humble stationery items could cost so much and do so much damage to bottom lines? Not many business owners, that’s for sure. stationery costs are insidious. The damage to your bottom line is usually done by a thousand tiny paper cuts if you’ll excuse the pun. And many small businesses can end up spending over £500 a year just on stationery. That seems like an awful lot when you consider just how much administration is now done online.
But here are a few pieces of advice by which you can cut your business stationery costs. Following are those cost-reducing strategies.
Pick A Competitive Supplier
Stationery is still a necessity. But, if you want to cut your business stationery costs, then you don’t have to settle for any old stationery supplier. Be picky with your provider and haggle the best price if you can.
Don’t just be content with a supplier who can deliver some products cheaply, but puts a significant markup on others. And don’t be impressed by vendors who throw in free gifts. Usually, it means that their prices are higher than they could be. You can also check how to build your networking strategy.
Hire In Equipment When You Need It
Companies like Grangewell Management Ltd allow you to hire things like printers when you need them. This saves you a tonne of money on upfront printer costs for starters. But bigger printers are also a lot more cost-effective on a per unit basis than small inkjets. And much, much faster.
Have Company-wide Standard Products
Quickly identify which stationery products your company uses most often and stick to them. This should help to streamline processes and build familiarity in-house.
Having a standard product list also prevents staff from ordering in more expensive, premium brands. Create a favorites list and tell staff to stick with that. If they need something special, they should run it by you first.
Consider Compatible Cartridges For Printers
When you bought your office printer, you probably spent a lot of money. But I bet that you were still surprised by how much you got for your money.
Part of the reason why you get so many printers for your money is that printer companies know they can make back the money with cartridges. It’s a quirk of the market which can end up costing your business an arm and a leg. That’s why it’s good to keep an open mind and consider third-party compatible cartridges. No, they won’t have the manufacturer’s seal of approval. But they’ll still work and they’ll be a lot cheaper than the conventional alternative. These tips also boost your Business leads at a low cost.
Appoint A Stationery Monitor
If you find that your staff is making reckless stationery purchases, appoint somebody to sign them off. A supervisor can act in the company’s best interest and ask staff why they’ve decided to spend company money in the way that they have. This will surely help you to cut your business stationery costs.
Take A Month Off Every Year
Some companies have a policy whereby each year they take a month off from stationery orders. Bosses are always amazed by how many sheets of paper and pens staff find lurking in their cabinets and drawers.