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Considering the cost of generating additional purchase orders or sending a driver on an additional pick-up…doesn't it make sense to buy everything in one place? Hidden expenses don't show up in the profit and loss column but in an era of increased productivity for profitability, shouldn't we be concerned with time?
The old adage "Time is Money" plays a central role in our fast paced construction building and supply business. I often hear that some of our customers will send their parts pick-up driver to a big box store, or a construction supply house to pick up tools, cords or ladders. North Coast Electric stocks, sells and services all the tools you will need for your job.
Tool Man's top ten hidden expenses in buying tools at the Big Box.
(If you include these, how much money are you saving really?)
1. Additional Purchase order expense.
2. Traffic and travel time.
3. Big box or bank card % rate.
4. Wasted time by and employee in the retail environment.
5. Fuel expense.
6. Employee expense for extra time/stop.
7. Lack of expertise provided by big box sales team.
8. Return issues (Receipt, wait in line)
9. Availability of true industrial grade tools.
10. Vehicle use expense.
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