Posted by Michelle Rochford
When it comes to buying a printer or multi-function device, the lowest purchase price doesn’t necessarily mean it’s the most cost effective solution. What we mean by this is when your company is looking to purchase a new printer, it’s important that you look beyond the purchase price. Just because the initial purchase price is low, doesn’t mean the overall running of the printer will be cheap too. Before you invest in a printer you need to understand all the costs involved with purchasing and running the device.
For example, like a car needs petrol, servicing and maintenance, a printer needs toner, paper and servicing. While you might have bought a relatively inexpensive printer, the true price you want to be looking at is the total cost of ownership (TCO). The printers with the lowest TCO offer the best value in the long run.
Taking the time to understand the TCO when purchasing a new printer or device can help prevent unnecessary financial or productivity loss in the future. In this article, we are going to help you understand why it is important to consider the total cost of ownership of your printer, and what to consider before making your purchase to ensure you’re getting the best value long term.
Essentially, there are three key things to take into consideration when calculating the TCO for a printer.
Now that you understand the top three things to consider when calculating the TCO, you can start to look at your businesses’ individual needs and how your printer or multi-function device is going to be used in your office. This means you need to think about things like:
Once you’ve answered the above questions, there are a few more variables to consider before you can calculate the TCO. These include
Now that you have all the information ready, you can use this handy equation on this blog to figure out the TCO.
By expertly managing your print environment, Fuji Xerox will help you achieve cost savings in areas of printing such as supplies, maintenance, service and process improvements.
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