With the cost of everything increasing significantly, you will want to start shopping around for the consumables your business buys monthly and try and get the best deals possible. Many companies become lazy and order from as few suppliers as possible, making it an easier task. However, you must often offset the convenience by paying more for what you buy. With inflation currently rising, which is forcing the price of everything to increase and no end in sight, this is something that can save a considerable amount of money for your company. Below are some tips to help you find the best deals for the things you often buy and ensure you do not pay too much for them.
Make Yourself A Shopping List
The first thing you must do is to compile a shopping list of everything you regularly purchase. You can review the invoices for all the supplies you bought over the last year, which is a quick and easy way to know what you buy. If you have the storage space available, consider getting a tears worth of products at once, which can save on delivery costs and help your business save money. However, if you do not have space for this, try and order three months’ worth at once, which can still help you save money. Once you have completed your shopping list and included the electrical cleaner, floor cleaner, and other items you require, you can build yourself a spreadsheet.
Make Yourself A Spreadsheet
You can now create a spreadsheet with a separate tab for each product you purchase, and you will want to include various information in it. You will need to include the unit price, delivery charges, discount rates, lead time, website, telephone number, and business address. Once you have created a tab for each product you purchase, you can look online to find the best suppliers for your requirements.
Look For Suppliers Online
You can now start searching for suppliers online for each product you need to purchase. You will need to compare suppliers, and the decent ones you can find, you can add to your spreadsheet so you can easily reference the available options. You will need to do this for each product and take your tie to ensure you have a varied cross-section of suppliers to help ensure you get the best deal possible. Once this task is complete, you can decide which suppliers to use.
Deciding Which Suppliers To Use
You can now go through your spreadsheet and see which suppliers offer the best value for money. It can be worth paying a little extra to purchase something from a supplier that also has other items you need, as this can reduce the delivery charges. You can work out what can be ordered from the same suppliers and start placing your orders for everything you need.
You will want to review the current prices for each product every couple of months, and this helps ensure you always get the best online deals on the products your business uses the most.