According to Buyer’s Laboratory, 90 percent of companies can save up to three percent of their annual revenue by analyzing their print expenses cost. You can do this for your business too by examining these common expenses:

1.    Machine

Start your assessment with your printers. Did you purchase your own printers for your office or did you lease them or have a contract of cost-per-print? Also, ask yourself if you have plans to expand in the future or acquire additional printers to keep up with the growth of your company.

2.       Service and Maintenance

It’s likely you will need to spend on a one-time maintenance fee if your printer breaks down. But, if your equipment provider offers a contract with service and maintenance coverage, you will be able to save money. While gathering these details may be overwhelming at times, organizing this information can lead to more significant savings.

3.    Supplies

Take note of the supplies that you need to keep your printer operational. This includes toner, staples, paper, and print media among others. Review how these items are being ordered or purchased. Being able to track how these supplies are consumed and the costs that come with it will help you understand how often you need to replenish each item. If you want to cut costs, you can prioritize what only needs to be printed or buy a refill such as Samsung refills instead of new cartridges.

4.    Machine Life Cycle

Just like any other device, the more you use your printer, the more it depreciates quickly. It would be helpful to check the warranty information so you know what’s covered and how long the coverage is. You also need to consider whether your machine could be outdated before it is fully paid. There are print management programs that allow you to use the machine until the efficiency drops, your business campaigns change or a better technology becomes available.