A lot of work has been done by printer and MFP manufacturers to help companies reduce their printing costs, mainly around improving utilization of printing devices and consolidation of those devices. Many of those vendors even have developed sophisticated software technologies and methodologies to help automatically identify what printers are being used, where companies should place their printers, where color printing is necessary, etc. One example can be seen here.
A good example of the effect that better management of print costs can have is at HP, where they have saved $7 million in annual costs, as reported this week in a Network World article. That was almost a 50% reduction from its $15.2 million printing operating costs.
That's impressive! But what the article doesn't cover -- and HP doesn't discuss in their own research note on the project -- is an often overlooked cost savings opportunity that is widely available thanks to the fact that more and more printing devices are scan-enabled. Reducing print-related costs is good...reducing the overall amount of printing can be even better.
For example, one of our customers (who averages more than 300,000 printed pages per month), began a corporate-wide initiative to promote scanning at their MFPs instead of printing and copying. They recognize that printing and copying aren’t going away, but by offering an easy way for employees to scan documents, they were able to reduce the amount of printing and copying, and increase the usage of their MFP infrastructure. Over the course of two years, they increased the # of employees that they supported by 50% but only increased their output volume by 31%. This has led to a monthly savings of $25,000 in reduced output costs alone. And the savings reach well into seven figures when including device consolidation, reduced support and administration costs, and productivity increased by including paper in electronic workflows.
Further emphasis of the benefits of scanning also just came out in a recent Gartner research note by Don Dixon that talks about how document imaging – once the domain of trained workers in centralized environments – can now easily be handled by office workers at “smart MFPs”. These smart MFPs not only print, fax, copy and scan, but can also integrate with applications, are management friendly, and behave well on the network. And from an IT and user perspective, offering scanning to office workers is becoming even more attractive as a single software platform can be used across MFP brands, offering easy administration and a standard imaging process for all employees. I’ll have more on document imaging standards and platforms in future posts.
So yes, follow the example of companies like HP who are improving the utilization of printing devices. But also look at what you can do in terms of using your MFPs for document imaging to further reduce those print costs.
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