Five Ways to Save Money on Office Supplies

Regardless of the size of your business, you might be spending a bit of money on office supplies. The majority of business managers fail to consider how office supplies expenses can snowball when left unchecked. But, by monitoring inventory and shopping online, your business can save a significant amount of money. If you are looking for ways to save money on office supplies, keep reading:

Monitor Inventory

Before you start shopping for office supplies, take time going over your inventory of office supplies and planning out what you need. Create a plan before you step out of the door and check what you will need for the next week, month, or six months. Determine which items tend to run out quickly and those that can wait.

Shop Online

Online shopping provides you the opportunity to compare prices on items with just a click of a mouse. If you are still looking for an office supply supplier, look around before you pick one. Just don’t choose the first supplier you come across. There are many suppliers out there and picking the right one requires research. Visit 123ink to find affordable, high-quality office supplies.

Take Advantage of Discounts and Specials

Check to see if retailers are running specials or sales on their office supplies. A coupon can save you a few dollars every two weeks. It may not sound much but it will quickly cover enough for a team lunch. A ten-dollar coupon can boost your employees’ morale which in turn may help increase your sales. If you already have an established supplier, check to see if there are any discounts available for regular customers. Suppliers usually give discounts to customers who buy in bulk.

Order in Bulk

Purchasing office supplies in bulk will reduce the costs. Retailers incentivise bulk buying for almost everything. But, this does not mean buying ten thousand reams of paper you will not need in a month. Buying in bulk is a practical approach if you buy enough stock to save money instead of hitting the stores every week. Also, buy items in bulk only when your office uses a lot of them regularly.

Take Advantage of Card Points or Rewards

Some credit cards used for business expenses provide points and incentives. Check if your credit cards earn you bonus points, miles, or cashback every time you shop for office supplies. If your cards don’t, think about getting ones that do.