2. Restock Essential Supplies
Conducting a year-end inventory of supplies is a simple but productive way to help keep operations running smoothly. Known as “anticipation inventory” in retail and manufacturing, it focuses on planning ahead and stocking up on essential items before demand peaks or supply chains slow down. According to research conducted by Morning Consult, most U.S. business owners anticipate their supply needs at least a month in advance and 80% maintain an inventory that lasts up to three months or longer.2
Taking stock of supplies can provide a clear picture of what is running low and in need of reordering, helping to avoid last-minute shortages so that we can experience a more seamless transition into the New Year.
A thorough review takes stock of office essentials—such as printer paper, ink and toner—along with breakroom and cleaning supplies like coffee, snacks and sanitizing products. Ordering in bulk can lower costs and streamline procurement, while setting up recurring orders with vendors helps maintain a consistent supply throughout the year. Anticipatory inventory can save time and effort later, reducing the potential for disruptions in productivity.
3. Refresh Technology and Equipment
Review workplace technology and equipment to help improve organization and productivity in the workplace. Outdated equipment can delay operations and impact employee morale. In fact, workers lose the equivalent of 11 days per year due to technology problems at work and on average lose 22 minutes per day because of outdated hardware or software.3 When devices fail or if software is not kept up to date, valuable time can be lost troubleshooting instead of focusing on meaningful work. Investing in updated digital tools can make a measurable difference in performance.
Begin by assessing which tools are due for replacement or upgrades. Keyboards, monitors and headsets, as well as printers, laptops and conferencing tools are some items to evaluate. For those that appear to be at the end of their lifecycle, replacing them before they fail can prevent downtime in the coming year.
Technology evolves rapidly, and digital training helps employees use and maintain their tools more effectively. Research shows that when teams are upskilled, equipment longevity improves and downtime decreases.4 Providing employees with both modern devices and the knowledge to use them will help keep operations running smoothly and create a more efficient, connected workplace.