Globally, paper production has been on a downward trend since 2017, even with the world population continuing to rise.  Why then would paper prices be on the rise?

The concept — and deployment — of digital transformation strategies across industries has taken the modern workplace by storm. With high-priority tech initiatives on every boardroom table, more companies than ever are looking for competent IT talent that can help them transform the way they do business. The problem, however, is that 69% of leaders at the forefront of digital change can’t hire the talent they need, keeping them from staying abreast of technology.

Disruptive digital technologies are presenting new ways for the legal sector to achieve digital transformation, enabling more accessible, client-focused legal services for current and future clients. These technologies provide a new level of efficiency and support to legal teams, freeing them up to focus on client care and other high-value tasks. But to truly harness the power of these tools, lawyers must understand the influence of these technologies and how they can be used to their fullest to acquire and retain clients — and achieve a new standard of profitability.

More than ever, businesses are moving toward a digital-centric work model to take advantage of the many benefits offered by the digital transformation process. And today’s markets offer the perfect time to make the switch, with new revenue opportunities appearing through the type of broader engagements that support transformation. Strategies like managed print services (MPS) bring digital transitions into focus for both small and large enterprises by targeting sustainability initiatives alongside cost and risk benefits.

Conducting regular reviews on company operations to identify cost-saving measures is a good business practice at the best of times. When a company faces economic challenges, it’s a priority to try to save costs wherever possible. Keeping staff productive and cutting operational budgets is a challenge for any business. One strategy that helps many organizations do both is by adopting Managed Print Services (MPS) and solutions.

Healthcare organizations, whether doctor’s offices or insurance companies, operate in a unique environment. They’re responsible for delivering services that directly impact the wellbeing of individuals alongside all the requirements of running a business. To pull off this balancing act, they need healthcare solutions that support both the business and patient aspects of their operations.

Managed print solutions aren’t just for businesses – they’re a smart choice for any educational institution that wants to take control of their print environment. With managed print services, a school can improve its printing efficiency, reduce overhead expenses, and improve the security of its network and document environment.

Let’s first address the factors which determine a cost per copied or printed page and in order to do this let’s assume an average monthly volume of 5,000 pages.

In a true cost per page, the equipment would be included. If the cost of the equipment is the industry average, $6,500, and is leased for five years this should be approximately $130 per month. At 5,000 pages per month, you will need $.026 per page just to cover the equipment cost.

Toner is a huge factor in determining cost per page. Our example above is a color device. This means it will require four toners at a time: Black, Cyan, Magenta and Yellow. Let’s assume the price for a black toner is $79 and yields approximately 16,500 pages based on 5% coverage. This would make just the black toner $.0048 per page.
The Cyan, Magenta and Yellow toners each cost $120 and yield approximately 5,500 pages based on 5% coverage. Each color toner costs $.022
A Full Color Page is calculated at 20% coverage of the page and based on these numbers, would equate to approximately $.07 just in toner costs.

Now, I am going to throw a wrench out, not to get us sidetracked, but it is something that definitely needs to be addressed. What happens when you want to have an extra set of toners on the shelf but you are only paying a cost per page price?
Toners on the shelf are not actually generating any cost per page revenue for your vendor. In the scenario above, this would equate to $439 in additional costs not factored into the cost per page. In essence, the cost per page for black just doubled to $.0096 per page and $.14 for a full color page just for toner. While there is the argument of having extra toner so you never run out and experience downtime, the fact is the number one cause of running out of toner is human error. The technology today is so advanced, if you sign up for our AutoTech program, you will never need those additional toners on the shelf nor need to worry about human error. You can read more about AutoTech,

Other consumable items would include the following:
Photoconductor or Development Units are often referred to as drums. In a color device, there will also be four of these units: Black, Cyan, Magenta and Yellow. They often range from $100 - $200 each.
Transfer Belts are also in the $100 - $200 range, as are Fusing Units or Fusers and Exhaust Filters.

Doing Better Business began creating custom Printer Fleet Management programs in 2004 to help our clients measure, right-size, optimize, manage and constantly work towards improving business processes with the main emphasis on continual evolution towards a more paperless office.

NPS stands for Net Promoter Score which is a metric used in customer experience programs. NPS measures the loyalty of customers to a company. NPS scores are administered by a third, unbiased party with customer satisfaction surveys and reported with a number from -100 to +100, a higher score is desirable.