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Office supply costs can be insidious - they creep up without warning and the next thing you know, you're sending out memos asking everyone to please use supplies sparingly.
Well, there's a better way to cut costs. Start by opening your desk drawer. Chances are, you see scads of pens, pencils, paper pads, yellow sticky pads, paper clips, and more. Multiply this stuff by the items found in the desks of everyone at your company. You're looking at a lot of wasted dollars!
Start thinking about those overflowing desks as overstocked inventory.
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A Three-step Remedy
1. Name a supply clerk to oversee the supply cabinet.
2. Institute a requisition system where the supply clerk fills the order that day or orders the supplies.
3. Arrange for the supply clerk to fill outstanding orders on a regular basis, such as once a month. | You'll quickly see results, saving as much as 30 percent on what you currently spend on supplies. You'll also find your supply cabinet neater and you'll be less likely to run out of items unexpectedly because the person who took the last one didn't tell anyone.
Now, how do you retrieve the supplies that are hiding out in employees' desks? Call an Amnesty Day and refill supply cabinets with excess supplies that are turned in.
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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