Discover why a £1 pen could actually be costing your business £2.25.

Purchasing essential business supplies and services can be a heavy burden on businesses, and a real drain on time, money and internal resource so I have put together some information about how using multiple suppliers can be a drain on your business – in both time and cost.

A £1 pen could be costing you £2.25.

Businesses need a diverse range of supplies and services to keep them running smoothly. This can range from pens and paper to toilet rolls and cleaning chemicals, business cards and brochures, to staff uniforms and office chairs. Managing the provision of these essential everyday products and services is crucial to a business’ success.

But the procurement and supply of these can cause all sorts of hassle and headaches for your business, as well as huge hidden costs.

Spending across multiple product categories across a mix of different suppliers can be very time intensive for purchasing and procurement departments. It can also make it difficult to control spend and gain a bird’s eye view of company-wide expenditure.

In fact, businesses are often spending 2-3 times more than they need to on indirect procurement. The real cost of buying products can actually be up to 125 percent higher than the actual invoice cost. In real terms, that could mean that buying a £1 pen could actually cost you £2.25.

Work that out across your total business supplies spend and I’m sure it’s a mind-boggling number, so where does it all go?

Storage alone can add 40 percent and up to 15 percent can be wasted on creating P/O numbers, calculating invoices and processing payments. Pilferage, waste and obsolescence can tot up to almost 36 percent and then another 34 percent can be added on for the time and hassle of doing the actual purchasing – researching the right products, checking prices, ordering, chasing deliveries.

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So there’s a huge opportunity for significant savings and a new way of working.

Got it InOne

That’s where InOne with Irongate comes in. It’s a new service that helps you to transform the way you buy your business essentials and makes the lives of procurement and finance teams much easier.

InOne combines all of Irongate’s six specialist sub-divisions to enable a business to source everything it needs from just one supplier with one point of contact, one delivery and one consolidated invoice. And all of your products are accessible to order via one easy-to-use online portal. It can save huge amounts of time, hassle and money on procurement and administration in your business.

InOne with Irongate gives you effortless control of your business procurement spend, no matter how many different sites, offices or branches you have. The online ordering system can give multiple users access to order the supplies they need, at the price you’ve agreed, whether it’s promotional branded notepads, staff uniforms or teabags. You can mix and match to create the perfect package of supplies.

Irongate office and Irongate facilities take care of the everyday essentials, from pens, paper and printers to coffee, carpet cleaner and confidential shredding.

Our workwear division can help you better manage the provision of your staff uniforms that can be ordered in handy employee wearer packs.

Our office interiors team can transform your office environment and with trained ergonomists on hand to ensure your workstation is set up correctly.

And our promotions and print communications departments help you with all aspects of your marketing, including innovative solutions to reducing your print costs, increasing marketing campaign return on investment or produce exciting branded merchandise to promote your company.

Each division is headed up by an industry specialist, who knows the ins and outs of their category like the back of their hand.

Does that sound like the answer to your problems? Well, it gets better.

The new online ordering system is customisable to suit you and your team. It has special ordering controls and it’s easy to see which branches or departments have ordered what each month. There are online management reports so you can keep a full track on spending, plus a stock management system that will auto-order the things you need, so you’ll never run out of the essentials.

We’re well located to get your orders delivered quickly and efficiently too, since 60 percent of the UK is within 3 hours of our Derby HQ.

Switching to InOne with Irongate can really help you to take back control of your procurement, get rid of those headaches and make some more time for doing more important things. If you’d like to find out more, give our team a call.

Adam Noble - Managing Director
This post was written by
Adam Noble - Managing Director