How Much Paper your Business is Consuming?
With the advancements in technology it’s no surprise that we are entering the beginning stages of the digital revolution. McKinsey and Company states, “Early signs of the digital revolution are already here.”
A common misconception is the idea that old business processes that require old ways of consuming paper to perform daily tasks are dying with the onset of new technologies. The idea that paper consumption is declining with the onset of entering into the digital age is false. Paper end-use continues to increase despite “living in the beginning stages of the digital revolution”.
There are people that believe paper no longer serves a purpose in business. While this may be true for some areas of business operations such as in the fields of eCommerce and communication, the consumption of paper continues to not only exist but rise — serving a valuable purpose. For example, while smartphones and tablets may have helped to cut down on some forms of paper consumption, the truth is that it has a long way to go before it is phased out. Faxing, for example, is still required by law in several industries because email is not approved for use with sensitive information.
Each day, one billion photocopies are made The annual growth rate for the amount of paper produced by the average company is 25%.
Constant pressure to improve efficiencies, optimize business processes, and reduce costs …
Buying into the idea of a paperless office future may actually be preventing companies from taking a closer look at how much paper is actually eating at business budgets around the world.
Perhaps the primary driver behind the paperless office is actually due to the idea that organizations are constantly facing pressure to improve efficiencies, optimize business processes, and reduce costs. Do you feel any of these pressures?
Regardless of speculation, paper is still in heavy use.
“It is expected that the paper end-use market output growth will reach a peak in 2017 at 1.4 percent and experience a growth rate of 0.8 percent from 2019 to 2020.”
Businesses more than likely aren’t taking their paper consumption as seriously as they need to — and their budgets are probably hurting because of it.
After coming to terms with the fact that it’s impossible to go completely digital with most business processes at this stage in the evolution of technology, businesses have been known to reduce up to 30% of their print-related expenses.
How are they able to do this?
Organizations have to make peace with the fact that it’s impossible to go completely digital at this stage in the evolution of technology (Or possibly ever!?). Keeping in mind there are still too many tasks that require paper in order to be accomplished, you should start thinking about all the ways your company still relies on and consumes paper to run. Then, get smart about optimizing those processes to increase productivity and reduce print costs.
One of the best ways to do this is to partner with a Managed Print Service (MPS) provider.
A managed print service provider help optimize or manage business document solutions.
ELPEE MPS is a managed print services provider for small to mid-size businesses in Mumbai, with a proven track record of helping local businesses increase their productivity by optimizing document workflows.
Check out some of the ways ELPEE MPS has helped local business optimize document workflows, increase productivity and reduce print costs in these case studies.
It’s easy to discover how much money your business could save with MPS by obtaining a print assessment. It’s free, painless and will show you exactly how and where money can be saved.
Originally published at elpeemps.com on December 6, 2016.