When companies think about ways they can be more profitable, they rarely think about business sustainability.
Of all the office hardware that’s critical to the business world in late 2022, arguably no device is more influential than the multifunction printer.
By 2024, the hybrid workplace is predicted to be the dominant work environment model, with more than half of all work being performed by remote staff. Despite this, it seems that 72% of companies lack a solid strategy and 76% don’t have key performance indicators that support the implementation of hybrid work models. However, digitally transformative technologies such as artificial intelligence (AI) and machine learning (ML) among others are assisting companies in moving their workforce forward into hybrid environments.
The commercial real estate market is exploding, with prices skyrocketing as demand increases. For many businesses, this is not such a good thing, as it is accompanied by a high rate of inflation that is driving up lease prices. For that reason, many businesses are looking for ways to maximize or even reduce their current office space — a practice that often comes down to better inventory management.
So much time in business can be lost by searching for documents and files that are misplaced or not easily accessible. If you are managing a team, whether large or small, you probably don’t want your workers wasting time fussing with file mismanagement.
Known as the Razor Blade Strategy, you sell a low priced product tied to a higher priced consumable item that is needed on an ongoing basis. This was HP's (Hewlett-Packard) Printer Business Model for many years and many desktop printer manufacturers followed right along. For the Managed Print Services (MPS) Providers, these were easy targets to be able to save customers thousands of dollars.