Keeping inventory
Whenever undertaking a purchase order you should always first consider your inventory. Your inventory should be able to tell you exactly what you do and don’t have. More importantly, a well-kept inventory can advise you as to what you do and don’t need. Over-purchasing can result in wastage that ultimately costs the business money and under-purchasing will see your business go without items it might need. This then results in a scramble to purchase needed items at an often unnecessary rate. Ensure your inventory is kept up to date and always consulted before purchases.Buy supplies in bulk
One of the best ways to reduce the cost of purchases is to go big and buy in bulk. Retailers and suppliers commonly offer discounts to consumers who undertake bulk purchases. So when it comes to buying items you will always need and use, consider buying a six-month supply as opposed to a weekly supply. You might be surprised at the savings you could make.