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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 occurring everyday allow 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. Office supplies can account for up to 40% of a company's operating costs. More often than not, companies spend 20% more than they really have to.

Profits grow smaller when a company wastes resources. Companies that could earn $150,000 in profits might lose up to 25% of potential profits due to superfluous spending on office supplies. Experienced businessmen know that it's more difficult to raise profits than to reduce expenses. If your profit margin is 5%, you can double your company's profit by reducing expenses in that same amount.

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 reduce expenses on office supplies. Follow these steps and you will see your operational costs shrink considerably and your profit margin start to grow.

1. Inventory all the office supplies that you have in the office right now and put 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's inventory can be used again or salvaged with a little inventiveness and resourcefulness.

3. Start a collection. All those expositions, seminars, and conferences can yield a lot of pencils, pens, and other goodies. You can stash them all and use them at the office.

4. Buy your office supplies in bulk. A lot of office supply stores can give a large discount if you buy in bulk from them. Get enough supplies to last an entire year. If this proves to be too difficult, gather your friends, co-workers and associates who need the same supplies that you need.

5. Learn when to buy. Stores have peak seasons and off seasons. During summer, a lot of office supply stores offer discounts, sales, and rebates for these items, so try to stock up on what you need before you have to pay full price.

6. Use the Internet. There are a lot of good office supply stores online that can help you save money. You may find the best prices for your office budget. Most online stores have detailed pricing and delivery information available on their websites.

All of us can reduce expenses with a bit of common sense. You don't have to be an accountant to find ways to reduce operating costs. 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 discount office supplies.

Published March 14th, 2007

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