Managed Print Services: 5 Ways MPS Reduce Costs

For business owners, the daily demands of running an organization can be overwhelming. From managing employees to developing strategies, every minute counts. Yet, many businesses still bear the hidden burden of internally managing their print environment, a task that often consumes valuable time and resources without proper oversight. This is where the power of managed print services (MPS) becomes undeniably clear.

At Woodhull, we understand that you seek high-quality Ricoh printers and efficient print services without the headache of self-management. Managed printer services are not simply about fixing a broken machine or ordering toner; they represent a comprehensive strategy designed to optimize your entire printing infrastructure, leading to significant cost reductions and improved operational efficiency. Let us explore five key ways that MPS can help your business save money.

#1. Eliminating Hidden Costs Through Comprehensive Assessment

One of the primary benefits of a robust manage print service program is the initial, in-depth assessment of your current printing environment. Many businesses are unaware of the true cost of their printing operations, which extends far beyond the price of ink cartridges and paper. Hidden expenses often include:

  • Underutilized or Redundant Devices: Businesses frequently accumulate an excess of printers, some of which are rarely used or duplicate the capabilities of other devices. A thorough MPS assessment identifies these inefficiencies.
  • Decentralized Purchasing: Without a centralized procurement process, departments or individuals may purchase supplies and equipment at higher prices, missing out on bulk discounts and standardized pricing.
  • Excessive Energy Consumption: Older or improperly configured printers can consume more energy than necessary, leading to higher utility bills.
  • Unnecessary Print Volumes: A lack of insight into print usage can lead to excessive and wasteful printing.

Through a meticulous analysis, your MPS provider identifies these hidden costs, providing a clear roadmap for optimization. This detailed understanding is the first crucial step toward achieving substantial savings.

#2. Optimizing Your Printer Fleet for Maximum Efficiency

Once the assessment is complete, managed print services focus on optimizing your entire fleet of printing devices. This optimization is not merely about removing underutilized machines; it involves strategically placing the right Ricoh printer in the right location for specific needs. This might include:

  • Consolidation of Devices: Reducing the number of printers where appropriate, consolidating multiple single-function devices into efficient multifunction Ricoh printers.
  • Device Standardization: Implementing a standardized fleet of Ricoh printers simplifies maintenance, reduces the need for diverse spare parts, and streamlines supply ordering.
  • Right-Sizing Equipment: Ensuring that departments have access to printers that match their actual print volume and requirements, preventing over-specification or under-specification of equipment.
  • Workflow Integration: Integrating printers seamlessly into existing workflows, such as document management systems, to reduce manual steps and improve overall productivity.

By optimizing your printer fleet, MPS ensures that you have precisely what you need, where you need it, maximizing efficiency and minimizing unnecessary expenditure.

#3. Proactive Maintenance and Automated Supply Management

Imagine never having to worry about a printer breaking down unexpectedly or running out of toner in the middle of an important print job. This peace of mind is a cornerstone of effective managed print services. MPS providers utilize advanced monitoring tools to:

  • Proactive Maintenance: Monitor the health and performance of your Ricoh printers in real-time, identifying potential issues before they escalate into costly repairs or downtime. This predictive approach minimizes disruptions and extends the lifespan of your equipment.
  • Automated Supply Replenishment: Automatically track toner and other supply levels, ensuring that consumables are ordered and delivered precisely when needed. This eliminates the need for internal staff to manage inventory, reduces emergency orders, and prevents stockouts.
  • Dedicated Support: Gain access to expert technical support, alleviating the burden on your internal IT team. Printer-related issues are handled by specialists, allowing your IT staff to focus on more strategic initiatives.

This proactive and automated approach not only saves money on repairs and emergency purchases but also significantly boosts employee productivity by reducing downtime.

#4. Implementing Print Policies and Enhancing Security

Uncontrolled printing can be a significant drain on resources. Managed print services empower businesses to implement and enforce intelligent print policies, directly impacting cost reduction:

  • Usage Tracking and Reporting: Comprehensive reporting provides detailed insights into who is printing what, when, and on which device. This data allows for informed decision-making regarding print behaviors and identifying areas for further optimization.
  • Secure Print Release: Implementing secure print release mechanisms, such as requiring a PIN or card swipe at the device, prevents sensitive documents from being left unattended and encourages mindful printing.
  • Duplex Printing Defaults: Setting default print jobs to duplex (double-sided) significantly reduces paper consumption, a substantial cost saving over time.
  • Enhanced Document Security: MPS solutions incorporate robust security features to protect your documents and data throughout their lifecycle, from print submission to output, safeguarding against potential breaches.

By establishing and enforcing these policies, MPS promotes responsible printing habits, leading to tangible savings in paper, toner, and overall operational costs.

#5. Transitioning from Capital Expenditure to Operational Expenditure

Traditionally, acquiring and maintaining a printer fleet involved significant upfront capital expenditures for purchasing hardware, followed by ongoing costs for supplies and maintenance. Managed print services shift this model by offering a predictable monthly service fee. This transition provides several financial advantages:

  • Predictable Budgeting: A fixed monthly cost for your managed printer services allows for accurate budgeting and eliminates unexpected repair bills or large capital outlays.
  • Reduced Upfront Investment: Businesses no longer need to make substantial initial investments in new Ricoh printers, freeing up capital for other critical business needs.
  • Scalability and Flexibility: As your business evolves, your MPS agreement can be adjusted to accommodate changing print volumes or device requirements, ensuring your printing infrastructure always aligns with your operational demands without heavy reinvestment.

This shift to an operational expenditure model provides greater financial flexibility and allows businesses to allocate resources more effectively.

Achieve Peace of Mind and Focus on Your Business

The cumulative effect of these five cost-saving strategies makes a compelling case for adopting managed print services. For business owners who desire high-quality Ricoh printers and efficient print services without the burden of internal management, partnering with a trusted provider like Woodhull is the ideal solution.

Imagine a world where your printing infrastructure runs seamlessly in the background, reliably supporting your operations without demanding your constant attention or unexpected expenses. This is the promise of managed print services.

Give yourself peace of mind and more time to work on your business by partnering with Woodhull and using Woodhull’s managed print services. Let us handle the complexities of your print environment so you can focus on what you do best: growing your business.