The penny is a powerful tool in reducing cost and bolstering bottom line profits. Most people regard the penny as a waste of energy, but when you focus on the power of the penny, hundreds and thousands of dollars of wasteful spending can be eliminated. One area that many businesses forget to use the power of the penny is office printing. A simple black and white print can cost only a couple pennies a page, but when you print 10,000 pages a month across multiple devices, a penny can add up quickly. In this case, it is 0 a month (Body.01 x 10,000 = 0) or ,200 over 5-years (the typical life span of office equipment).
The manufactures are fully aware of the power of the penny and don't want you know as it could have a significant impact on their bottom line. When looking at new equipment, be sure to look at the overall cost to operate a piece of equipment and not just its purchase price. Below is a comparison* between two models of black and white laser printers. Both Printer A and B are similarly equipment with a built in network card, although the more expensive Printer B is faster than Printer A.
Printer A Cost: 9 CPC: Body.036 Total Prints over life time: 144,000
Total Cost of Ownership: ,883 (Body.036 x 144,000 + 9)
Printer B Cost: 9 CPC: Body.018 Total Print Over Life Time: 144,000
Total Cost of Ownership: ,591 (Body.018 x 144,000 + 9)
Total cost of ownership savings by paying more for printer B: ,292
Does it make sense to spend an extra 0 upfront if you can reduce your cost per copy (CPC) and save ,292 over the life of the equipment? The great thing is that you won't get "dinged" for printing more - in fact, the more you print, the more you save! Now look around your office, how many printers do you have? Take that number and multiply by the savings above to truly grasp the power of the penny! Next, contact a printer/copier dealer that will take into account the total cost of ownership when putting together a proposal for your needs.
*Comparison performed 10/2008 using HP and Xerox listed pricing on their corresponding websites.
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