What To Consider When Purchasing Supplies

What To Consider When Purchasing Supplies
May 30 12:43 2018 Print This Article

When it comes to purchasing supplies for your workplace it can be difficult to decide where to buy them. You may be facing the issue of not even knowing all of the supplies that you are going to need, and are probably thinking mostly in the short term about your supply needs.

Whether you are purchasing lab supplies or office supplies, it is important that you learn a bit about purchasing supplies before you spend a bunch of money.

Firstly, ensure that you are only buying the supplies that you need. A want versus a need can be a difficult thing to understand at first, but if you are only buying what you need it will save you plenty of money in the long run that you can reinvest into the business or your employees’ satisfaction.

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Second, do your homework on suppliers. There are many suppliers out there for lab supplies and office supplies specifically. Krins Life Sciences Lab, a lab supply company from Toronto, makes it their mission to have lower costs than everyone else by having strategic partnerships and low margins. When companies are able to post items at lower prices than competitors it may seem like they are cheap supplies, but in reality they are just trying to build their market share and customer base before eventually raising prices in the long run. Search for all of the top players in your industry for supplies and contact each of them about what you need.

The third thing you will want to do is negotiate with the suppliers. You can’t just purchase a huge quantity of supplies and pay full price without at least a little haggling! It is always worth telling the supplier that if they can offer you a good price you will stick around for the long term and give them lots of business. Make sure you get the deal in writing. A secure contract will do you wonders for your mental health. You don’t want to get screwed by a supplier who takes advantage of you because you didn’t create a secure purchase contract.

Lastly, make sure you are ordering in bulk from your suppliers. The more you order at once the better the deal you are going to get. So let’s say you order 100 lab beakers for $1000 from your supplier, but you could be ordering 150 beakers for $1250. That would mean you save $250 in the long term because you ordered more. As long as you have the room to store all of the supplies and they don’t have a bad shelf life, you should stock up on all that you think you’ll need for a while so you don’t need to order again for a long time.

So remember, buy what you need, do your homework on suppliers, negotiate with suppliers, and order in bulk. If you do these things you will have a successful time purchasing supplies for your business. All the best of luck to you.

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