Summer is the busiest time of the year – both the run up to Christmas and the months following the festive break. It’s the best time of the year, but also the most stressful. Business gets busier, and planning your purchasing strategy gets more complicated as you try to balance having enough office supplies with managing cash flow. In this blog we’ll cover how to optimise your purchasing strategy with your stationery suppliers during the hottest months of the year.
Look back to the past before planning your purchasing strategy.
The first step in planning your summer purchasing strategy is to look back over last summer’s purchasing figures – what you ordered more of and what you ordered less of. Next, try to identify whether the reasons for the spike in these products was due to the season or other factors – acquiring a new client or taking on new staff, for example. Then, identify any significant events that might influence the business in the near future – changes within the company, industry trends or what’s happening in the economy. Even something as seemingly unrelated, like the Rugby World Cup, could have an effect: your staff might use extra paper to print fixtures lists.
Optimise your strategy by doing your research on your competitors.
Comparing last year with your predictions for this year will help you optimise your strategy for the coming summer. In addition, conduct thorough research on what competitors ordered during the same period, if you can get hold of this information. Remember to take into consideration the size of the businesses you’re researching. If your company has only a third of a competitor’s clients, you’ll likely require considerably fewer office supplies.
Stationery suppliers can help you prepare for the Christmas rush.
The summer months signal the end of the year and Christmas parties, which may change what you need to order from your stationery suppliers. Although we primarily communicate electronically, the good old-fashioned Christmas card is still a feature of Yuletide festivities. The creative ones among your staff might need extra card-making supplies such as coloured paper, pens, glitter glue and envelopes. The rising temperatures might also necessitate extra cool drinks, and the summer-time functions and parties might require you to order in extra tables and chairs. Before the rush of summer begins, conduct a survey of everyone in the business and what they think they’ll need so that you can factor this in to your purchasing strategy.
Don’t leave everything until the last minute.
Once you’ve got a purchasing strategy in place, make sure you implement it before the madness of summer begins. Summer isn’t only busy for you – it’s busy for your suppliers too. Leaving your ordering until the last minute will only mean more chaos and the risk of not being able to receive everything you need in time.
OfficeBox is shaking up how stationery suppliers operate. Get in touch with us to find out how we can partner with your business and help make your summer purchasing strategy a breeze.Image credit:picjumbo.com