Archive for the ‘Paper’ Category

Sweating the Small Stuff

posted by Frank Stevens 9:09 PM
Friday, August 21, 2009

Sweating the Small Stuff

There’s more business advice on the television, radio and internet than any one person could ever absorb. Some of that advice says concentrate on the big stuff and the details will take care of themselves. Others say that you need to pay attention to details to make sure everything goes the way you want them to go. Either way, as a small business owner, you can’t just ignore the little tasks that are necessary to keep your business running and on track. What you can do, however, is to simplify those tasks and take as much effort out of them as possible.

In running your busy from day to day, there are probably hundreds of different tasks that need to be done. Depending upon your business, that may be everything from making sales calls to sending out invoices, from ringing up sales on the cash register to refilling that cash register with thermal paper for receipts. The easier you can make all the little tasks, the more time you’ll have to spend on the bigger tasks that will help your business be more successful.

Let’s look at one of the examples from the previous paragraph, keeping the cash register full of receipt paper, for example. That simple task actually involves several tasks. First, you need to order thermal paper rolls and make sure that you always have enough on hand. That means you need to know what kind of thermal paper to order, how much you have in stock at any given moment, where to get the best price, how long it takes for the paper to arrive after ordering, and then you have to put in a new roll every time the cash register runs out of paper.

Simply, choosing the right supplier can help reduce the complexity of that whole operation and save you the trouble of worrying about the details. Finding a low-priced supplier is easy enough, but you should also find one who keeps inventory on hand in their own warehouse. That prevents unexpected delays that can be caused by suppliers who only order from the factory after they have your order. By eliminating the extra steps and third party operations that take place every time you order, you can establish a predictable lead time from order placement to arrival.

A good supplier will keep your records on hand and even offer you an automatic replenishment order option based upon your historical order frequency. In other words, if you have been ordering one case of thermal paper rolls every two months, a good supplier will let you place a recurring order that arrives at your business like clockwork every two months, without any further action on your part. Why should you worry about the details if you can push them back on your supplier.

This removes the need to place orders and the need to frequently monitor your inventory level. Of course, you’ll want to keep a safety stock just in case you have an unexpectedly busy month. If you spend less time on the small stuff and more time on growing your business, then that might happen more often.