Why Bulk-Buying at EOFY Makes Sense
When EOFY rolls around, so do the related sales. Many EOFY sales will include bundles, bulk-buy savings, and other offerings that can allow you to purchase multiple items at reduced prices.
Ultimately, many of the businesses that run end-of-financial-year sales are looking to clear out as much stock as possible before the year is over, so this is when they’ll have some of the best savings, especially for B2B purchases.
This is the opportune time for your business to jump in and secure high-use items and other key essentials in preparation for the financial year 2025-2026.
Budget utilisation before reset
Chances are your business, like most, has a devoted “use it or lose it” budget that can be used in any financial year. If you still have budget left over, now’s the time to identify what you need and secure those purchases before the 30 June deadline.
Stocking up before the financial year is over is a great way to utilise as much of your budget as possible, which will then make it easier to allocate a similar or higher budget in the next financial year. Making these purchases before EOFY can also help reduce your tax liability, thanks to potentially being able to claim deductions on certain office supply purchases.
Of course, it’s always best to speak with your accountant or a tax professional beforehand to ensure you invest in the right tax-deductible purchases.
Cost-per-unit savings
Another benefit of EOFY sales is that bulk purchases can become even more affordable. In particular, those frequently used items that are a staple in your office (think office stationery, kitchen supplies, cleaning supplies, etc.) can be significantly cheaper when bought in bulk.
This can simplify utilising your available budget and getting more value from your business expenses. It also allows you to start the new financial year in a good position, having a solid surplus of the supplies you need, which saves on time and admin costs.
Office Essentials to Bulk Buy Now
There will always be those items that you’ll consistently need to stock up on and refill. And given you typically need a lot of them, they’re the perfect essentials to bulk buy for even deeper discounts.
Printer paper, toner, pens, and notebooks
Some of the most obvious frequent purchases include things like print paper, notebooks, ink and toner, pens and other key stationery supplies. Running out of any of these items can impact productivity, so it’s always best to have a readily available resupply on hand.
Coffee, tea, and kitchen supplies
Similarly, kitchen staples like coffee, tea, soft drinks, long shelf-life items such as UHT milk, sugars, and popular fruits and snacks are essentials worth stocking up on. Never underestimate what a well-stocked kitchen can do for employees and morale.
How to Maximise Your Order Value
Use bundles and multi-buy offers
During EOFY sales, you’ll often find that several products could be sold in bundles or offer multi-buy discounts. For example, if it’s looking like time to upgrade to a new printer, you may find options that come in cost-saving bundles. This could be a printer + ink/toner + paper combo at a cheaper price than if you purchased each product independently of each other.
It’s also worth keeping an eye out for any products that have “buy more, save more” or similar options. These typically signify bulk-buying prices and can provide far more bang for your buck. And during a period where you’ll want to use up as much of your business’s allocated spending before the new financial year rolls around, it’s the perfect time to get a solid supply of the high-use items your business needs.
Subscriptions
These days, so many businesses rely on subscription-based services. These can come in the form of software and web-based subscriptions (e.g. Office 365, Adobe Creative Suite, CRMs like Salesforce, etc.) or service-based subscriptions, such as a supplier who stocks your office with fresh fruits every week.
While you may not think of them in terms of bulk purchases, there are plenty of subscriptions that will offer cheaper pricing if you sign up for an annual plan that’s paid in bulk vs a month-to-month subscription structure. These subscription providers may offer special reduced pricing on their plans during EOFYS, and you should keep an eye out for these, as they can lead to significant savings.
EOFY Promotions You Shouldn’t Miss
Featured EOFY bundles
As we touched on under ‘How to Maximise Your Order Value’, EOFYS will often come with a wide range of curated bundles discounted for EOFY. Keep an eye out for these when the sales begin, with a particular focus on any bundles that offer the products and equipment your business genuinely needs for the new financial year.
Some of these bundles can also come with useful extras, such as bonus gifts or items or vouchers that will allow you to save even more money on purchases in the next financial year.
Clearance and limited-time offers
Finally, don’t forget to look out for clearance items. These are often the items that a retailer needs to sell as many of as they can due to having overstocked on them. It can also apply to products that have been discontinued and need to be removed from the store or showroom as soon as possible, and these can come with some serious discounts.
Whatever your business needs before EOFY, be sure to consider the additional savings and benefits that can come from purchasing bundles or bulk options.
As EOFY approaches, don’t forget to check out the range of office supplies on offer at Office Choice, from frequently used stationery to complete office furniture solutions.
We can work with your business to fulfil bulk order requests.