Print as a Service: Saving your Company One Document at a Time
When surveyed, 54% of organizations had no idea what the cost of their document environment was at the time. 33% of businesses could only give a rough guess. With those figures combined, this shows that only 13% of organizations are aware of what kind of impact their printing environment is making on their company. Where do you stand in that data? According to a recent infographic by Xerox, the impact of implementing Print as a Service into your business is substantial. Through both direct print costs and hidden print costs, there can be substantial cost savings to having a proper print management solution in place. Let’s take a deep dive into some of the hidden costs associated with printing and the stats around them (all of the stats below are based on an organization with 750 employees):
sources:
http://www.konicaminolta.com.au/industryreport/KM_MPS_FactsAboutPrintingWithoutMPS_CostEfficiency_enlarge.jpg
http://thumbnails.visually.netdna-cdn.com/uncovering-hidden-print-costs_502911b090c94.jpg
http://techsource.datacom.com.au/TechKnowledge/bid/177734/Infographic-Costs-of-Print-Before-and-After-Implementing-Managed-Print-Services
When surveyed, 54% of organizations had no idea what the cost of their document environment was at the time. 33% of businesses could only give a rough guess. With those figures combined, this shows that only 13% of organizations are aware of what kind of impact their printing environment is making on their company. Where do you stand in that data? According to a recent infographic by Xerox, the impact of implementing Print as a Service into your business is substantial. Through both direct print costs and hidden print costs, there can be substantial cost savings to having a proper print management solution in place. Let’s take a deep dive into some of the hidden costs associated with printing and the stats around them (all of the stats below are based on an organization with 750 employees):
- Organization Productivity: The average worker spends 8.8 hours per week searching for information. They will make 19 copies of every document, and lose 1 in every 20 documents printed. This amounts to re-prints and additional time spent on administrative tasks.
- IT service desk: A printing fleet for a firm of 750 employees is responsible for approximately 1 in 4 support calls. That’s 40% of all calls! This also equates to approximately 3,700 hours of IT support and 33,000 kilowatt hours of electricity.
- Storage/Footprint: Most firms have a ratio of 2.2 printers to every one employee. The optimal rate should be more along the lines of ten employees for every one printer.
- Environmental Sustainability: By managing the number of documents that are printed, you will be seeing a significant impact on your environmental footprint. For example, printing expenses take up 85.73 tons of carbon emissions when not managed. With print management you can reduce carbon emissions by up to 60%.
- Procurement and Administration: According to Xerox, 1-3% or your organization revenue is spent on print management. MPS programs can reduce hard costs by 30% and therefore see a cost savings of $1,000,000. What could you do with that kind of a savings?
sources:
http://www.konicaminolta.com.au/industryreport/KM_MPS_FactsAboutPrintingWithoutMPS_CostEfficiency_enlarge.jpg
http://thumbnails.visually.netdna-cdn.com/uncovering-hidden-print-costs_502911b090c94.jpg
http://techsource.datacom.com.au/TechKnowledge/bid/177734/Infographic-Costs-of-Print-Before-and-After-Implementing-Managed-Print-Services
