Despite the fact that much of the way we conduct business these days is done digitally, companies large and small still rely on printing. In fact, it’s a bigger expense than you would imagine. It’s important for companies to gain a better understanding of these costs to ensure this money is being spent wisely.
How can you determine how much your business is spending on printing?
One of the simplest ways to quantify your printing costs is by calculating your device’s cost-per-page. This figure is the average cost of every page your organization prints and will give you a clearer picture of the true cost of your printing. It’s also easy to calculate, so any office can determine it with minimal effort.
The most basic way of calculating your printer’s cost-per-page is by using the manufacturer’s usage standards. Each manufacturer provides a page yield for their ink and toner cartridges in accordance with the International Organization of Standardization (ISO). This page yield is the approximate number of pages that can be printed using one of these cartridges. Using this figure, your cost-per-page for black and white printing would be calculated by dividing the cost of your cartridge by the estimated page yield. For example, if your cartridge costs $50 and the estimated page yield is 1,000 pages, this would come out to five cents per page. Complete your cost-per-page calculation by dividing the cost of your paper by the number of sheets, and add that total to the cost of your device’s ink or toner.
Calculating Color Printing Cost
Calculating the cost of color printing is a bit more complicated than black-and-white printing. Most color printers use four cartridges: black, cyan, magenta, and yellow. For each cartridge, you perform the same division to determine its cost per page. Then, add up the totals from all four cartridges. Finally, include the cost per sheet of paper to calculate the overall cost per page for color printing.
Rate Per Page Calculation
Calculating a more accurate cost-per-page requires a bit more work on your part. When you add new cartridges to your printer, record the date in a log. Include the cost of the cartridge(s) and the current page count on the device. The next time you replace that cartridge, write down the new page count. This will help you determine how many pages you printed with the cartridge and perform the calculation explained earlier. Don’t forget to include your cost-per-page for paper. Then you will know your business’s average cost to print a page.
Ways to Save? Contact Doceo!
<p><p>Calculating your cost-per-page is an easy way for you to gain an understanding of your printing costs, and determine whether the devices you’re currently using are cost-effective. To learn more about printing costs and how to lower them while maximizing efficiency in your office, contact Doceo today!