Was it enough? Could you save more?
Here are 4 ways you could improve company savings
You may be giving yourself a metaphoric pat on the back at present. You worked hard this year, finding office supplies and business support services at reduced prices.
It’s the most natural thing in the world to imagine that shopping around and negotiating hard with a range of different suppliers is the key to substantial business cost reduction.
But think about that for a minute.
Time equals money
For one thing, how much time did you invest in each separate bit of dealing, and in managing that diverse array of contracts and delivery arrangements?
Every separate transaction requires order forms, an exchange of communication, invoices and potential liaison to sort out queries or call off what you need.
That’s time you could have saved if you had a single supplier in the hot seat.
Easier to miss crucial big savings
Also, in the frantic rush to check prices, investigate product offerings and map out your office trends to gauge delivery requirements, are you sure you didn’t miss a way to save money for your business?
Such a fragmented picture can be a distraction. It’s easy to overlook cost savings, such as ways of “buying in bulk” from one supplier, for example.
Economies of scale
Each supplier you negotiate with – about an individual item or service – is giving you a price for providing that in isolation. A single supplier meeting a wide cross-section of your business needs, would be able to offer economies of scale.
Lean and agile businesses streamline supply
The most successful and visionary organisations these days are the ones who are integrating and automating business processes. The emphasis is on connectivity and control.
Imagine the waste you could avoid if you had one single supplier to meet a variety of your business needs. You can get what you need. When you need it, in a highly responsive and intuitive way.
Inventory control would become more transparent and easier to manage, so your company could react more easily to opportunities and threats.
How much MORE money could you save in 2018?
Contact United Managed Services to discuss how to create a leaner business, by building a bespoke and sustainable system for procuring the business services and office supplies you need.