Is your company squandering money on office accessories? The likelihood is that the answer is yes. Smaller offices with up to four employees, according to OPI experts, spend over $1800 per employee on office accessories. Even with 40 people, a medium-sized company spends roughly $1069 per employee on office accessories.
That’s a substantial sum of money! The expense of best office accessories can literally kill a cash-strapped business striving to stay afloat or maintain a competitive advantage. Is it really worth it to lose money on those nice new seats or coffee machines? With office supply spending plainly out of control and ranked as one of the top ways organisations squander money, it’s time to take a step back and brainstorm some cost-cutting ideas. You can keep your budget in check while still getting the office to work the way you want it to by following these simple recommendations.
Buy In Bulk
Buy in bulk for things you use frequently, such as pens, printer paper, ink cartridges, HP toner for your printers, and staples, to receive the best per-unit prices. Bulk purchases at most office supply stores will result in significant savings. You can also speak with your supplier to see if you can get a better deal on your orders.
Just make sure you don’t overstock and acquire more goods than you’ll use. Concentrate on the items you know you’ll use. Your printer, for example, will always run out of toner, so that’s something you could stock up on. Make an informed decision!
Did you know that nearly two-thirds of all employees admit to stealing office accessories? Most people who bring office accessories home choose less expensive goods like pencils and post-it notes. These “thefts” are almost never done with malice. Isn’t there any harm done? While you may not think it’s a huge concern, the expense of those small goods going missing may add up quickly.
What’s really pricey is when an employee deliberately steals more expensive office goods, such as printer ink, software, or even office furniture. It happens, and many managers aren’t even aware of it. Make sure you’re aware of your surroundings and have a plan in place to prevent supply theft.
Keep A Track Of Your Expenses
One of the biggest reasons businesses spend so much money on office accessories is that no one is paying attention to how much money is being spent. Do you know how much your company spends on office accessories each year without looking at the numbers? Most likely not.
That’s why keeping track of all of your best office accessories expenses is crucial. This can assist you in identifying places where you may be overspending as well as areas where resources may be squandered. Knowledge is a powerful tool! So, how much money do you think your company is squandering on office accessories? If you follow these suggestions, you may be able to save a lot of money.
Always shop online for the best bargains. When shopping for office accessories on the internet, you may quickly compare pricing from a variety of stores. This makes spotting the finest bargains a breeze. When making an online purchase, always be sure to account for shipping charges.
Why is shopping online so much less expensive than shopping in a store? The overhead of large office superstores is enormous. They have to pay for the building space as well as a large number of personnel. Because online stores don’t have all of these expenses, the savings are passed on to you.
Compare And Strategize
You might be tempted to simply purchase office accessories from the store closest to your workplace. If you want to save money, though, you should shop where you can get the most bang for your buck. You may need to check pricing to see which stores offer the best discounts. Comparing pricing among different brick and physical retailers, on the other hand, can be a difficult task. If you want to escape the trouble, you might want to consider shopping for stationery online.
Buy Cheaper Brands
Buying cheaper brands of office accessories will be more practical for you whether you operate a little or large business. After all, you don’t want to waste money on pricey brands if you can get the same or better quality for less money. Small office accessories, such as pens, markers, and paper, are especially vulnerable. If you want to buy more expensive name-brand products, wait until you’re ready to buy office furniture. Low-cost office furniture is frequently of poor quality, which means it’s more likely to malfunction or break soon after purchase, costing you more money in the long term.
Both the company and the employees should work together to save money on office accessories. You can reduce your environmental footprint while saving money by optimising your use of vital office stationery.