As with any commodity, there are always benefits when buying in bulk and the same applies when buying fasteners. The first most obvious benefit is, of course, the cost saving. When you buy in bulk, you benefit from the economy of scale, making the cost per item far cheaper than if you were buying in smaller quantities. The second benefit is that buying in bulk means you can do fewer shopping trips, saving you the time and inconvenience of constantly having to replenish your fastener stock hold.
These benefits create an obvious allure to buying in bulk. Who wouldn’t want to save time and money? Unfortunately, many people don’t always consider the risks that often come with it, choosing to ignore the more sensible option in the drive to save money. Being aware of these common errors might save you from making that mistake, so keep the following points in mind when you’re looking to buy fasteners in bulk.
Assess Your Needs
One of the biggest mistakes people make when buying fasteners in bulk is that they assume they’ll use them all up. If you haven’t done a proper assessment of what the application truly requires, you’re going to end up discarding most of your purchase or leaving the balance to rust in storage. An assessment is even more important if the application requires a variety of different fasteners. Some fasteners are far more expensive than others so it can be tricky to determine what is worth bulk buying and what not. In most cases, hiring a professional service to consult on your needs is the best way to manage your inventory and many of these services offer a ‘buy-back’ on unused items, saving you the cost and hassle that comes with over-purchasing.
Many people can get carried away when buying in bulk but it’s important to remember that you’ll always be paying more up front, which is an obvious risk. If you must invest in a large number of fasteners, however, then it would be wise to ensure that the fasteners you purchase are of the correct design and quality, according to your and the manufacturer’s expectations. Asking for test samples allows you to test the products yourself but most industrial fasteners are covered by specific industry standards and you can request certification to prove the fastener’s material properties and tolerances.
Do Your Homework
Another mistake people make is not comparing the sale price of fasteners to the bulk prices, simply assuming that the bulk price is cheaper. Many vendors are simply not in a position to lower their prices, even on larger quantities, so it’s vital that you do your research and choose a reputable vendor that’s going to meet your needs. At Bearing Centre, we are renowned for carrying only the finest products at the most competitive prices and our reputation is upheld by the number of leading industry suppliers that we represent. Contact us now for a quote or browse our product range here.