
Whether the economy is doing well or poorly, smart companies pay attention to their expenses. That means eliminating those things that aren’t needed, cutting back where possible, and getting the best possible price on supplies that are needed to run the business. Other companies stick with one supplier through thick and thin without checking around for better prices.
While many long time suppliers have been the best game in town for years, things are changing. Hard to find supplies or specialty items that were once available through a relatively small number of suppliers are becoming more commonly available. Internet based specialty resellers are springing up almost daily. With this increased competition, come lower prices. Established suppliers with their large overheads are often either slow or unable to react to the new pricing paradigm. Many rely on their established relationships to keep their customers, relying on the fact that they won’t go out looking elsewhere for better pricing.
If you run a small business, or any business that is concerned with managing expenses, now is the time to re-evaluate your supply chain. Those companies that have served you well in the past, may not be the best option for today or for the future. In other cases, these same suppliers might be able to meet a competitor’s price if you bring it to their attention. In either case, there is nothing to lose by checking around to make sure you are paying yesterday’s prices for goods or services that have come down in price in recent years.
Take a look at such basic supplies as cash register receipt paper. The number of suppliers for thermal paper rolls has increased. Companies like BuyRolls.com now offer the same brand name products as the larger distributors. These internet based suppliers however, often have much lower prices because their expenses are lower. With just a handful of employees and a strong web presence, BuyRolls.com is able to offer personal service to their customers. While the big suppliers may take their customers for granted, BuyRolls.com is committed to making sure that every customer is satisfied with every transaction; premium service paired with discount pricing.
When was the last time you took a long look at your current suppliers? Have their prices fallen in response to the increased competition made possible by the emergence of internet based competitors? Are they taking your business for granted and pocketing the extra profits? BuyRolls.com and thermal paper are just one example. Every consumable commodity that your company buys should be re-evaluated on a regular basis. You shouldn’t have to pay a supplier extra for your own loyalty to them.