Printing is an important part of the routine functioning of a vast range of organizations. The advancement in technology has significantly improved the devices and their functions as well. Printing practices also consume a significant part of the office budget. Therefore, organizations invest in digital presses, which are more functional and beneficial.
The success of organizations depends on the return on their investment. So, they have to watch the ROI of digital presses to maximize their benefits. The UAE, which is the hub of the corporate world in the Middle East, provides significant opportunities to companies. Most of them acquire the services of Xerox UAE companies to make wise and profitable digital presses investment.
This article will help you explore the ways to calculate the return on investment for digital presses.
Top 3 Steps to Measure Return on Investment for Digital Presses
Measuring the return on investment of digital presses is significantly important for organizations. It can help them assess the efficiency of their devices, as well as provide insight into their printing practices. However, companies often face difficulty in measuring it.
The following are some of the most important steps to measure return on investment for digital presses.
1. Calculate the Total Cost of Operation
The very first step of calculating the return on investment of digital presses is to calculate the total cost of operations. The total cost of operations includes the number of times printing practices were utilized, as well as the number of pages used in the process. It also includes the type of printing, for example, simple page printing or flyer, brochures, etc.
In addition to it, the total cost of operation also includes the use of ink in the process. All of these calculations make the users aware of their ink usage, print production, as well as the number of times the digital press is used in record time.
2. Do Cross Over Analysis
The second step of measuring the return on investment of the digital presses is to do cross over-analysis. The cross-over analysis specifically highlights the functionality and efficiency of the digital press in a working atmosphere. The organization gets the opportunity of calculating the job data and compare it with the cost.
This step mainly focuses on identifying the amount of work that can be managed with the lowest expenses of cost and others. It also focuses attention on which tasks can be replaced or completed in a shorter time to boost the efficiency of the digital press.
3. Estimate Ink Costs
Ink constitutes one of the most important parts of the digital presses, which also often accounts for the greatest sum of the printing expenses in various printers. The third step of measuring the return on investment of the digital presses is to estimate the ink cost. This type of estimate helps the organizations uncover if the cost of the ink is adding to expenses or profits.
Efficient digital presses do not require frequent ink changes or refills. Moreover, waste production is also quite minimal in the case of efficient machines, which is a major sign that the device is helping earn a return on investment.
Is your digital press causing you to lose?
The measurement of the return on investment by following the above-mentioned steps will make the results clear for you. If you are unable to get your desired results, it means that you have made the investment in a wrong or inefficient device, and it’s now time to replace it.
You can acquire the services of experts to select the right digital presses according to your requirements and needs. You can also ensure to invest in the best quality printer with the help of experts, which will maximize your profit while limiting the expense and waste production.
So, do not stick to the old device, which is more of a hassle than a profit booster, and make the most of your investment now!
