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Starting summer 2014, ChemIT produced on-going savings of $1,850 per year (a 40% savings on prices ChemIT involved in) to provide full-color printer services, for free, to Chem majors, in Lar's undergraduate (Mac) lab. This included procuring a new, second, full-color printer for almost nothing. |
Summary, July 2014
Challenge: Find a way to reduce $5,800 annual printing costs for
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two color printers.
- This was critical to do following the decision by the Chemistry department to continue to not account for use by student, much less meter their use.
- Costs for providing this service runs around $6,300 the portion ChemIT could control was around $4,625 per year.
Action by ChemIT:
- Enrolled in a service contract with Eastern.
- This service provides us cheaper Xerox-branded consumables.
- This included maintenance services for the printers, even if off-warranty.
- Bought a new, second color printer for a ninth of it's expected cost.
Result: Effected recurring savings of
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almost $2,000 per year.
- Reduced costs by over $1,000 per year for just consumables through use of new service contract with Eastern.
- Saved $333 per year on warranty-type services, covering both printers. ($500/3 yrs * 2 printers)
- Accomplished this by not having to pay $500 for 3-year warranty service on new printer, or similar services for old printer, since service included with new service contract with Eastern.
- Saved ~$550 per year for new printer.
- A new printer was bought at 1/9th the expected price, giving the lab two, full color printers.
- Assume printer survives 4.5 years.
- Note 1: Paper costs remain as they were.
- Note 2: On-going actual savings assumes Eastern delivers on their service promises, of course.
Cost savings summary, PER YEAR
| Item | Annual Cost | Annual Cost NOW | ANNUAL |
|---|---|---|---|
Consumables ChemIT saved on | $3,736 | $2,718 | $1,018/yr |
| Warranty-type services (2 printers) | $333 | 0 | $333/yr |
| Recent printer purchase, amortized over 4.5 years | $556 | $57 | $499/yr, |
| Costs and SAVINGS, per year: | $4,625 | $2,775, | $1,850/yr (40% savings) |
| Paper (no ChemIT involvement) Assume: $4.73/ 500 pages | $1,670200 (estimate) | $1,670200 (same costs) | No change expected |
| Costs and SAVINGS, per year: | $6$5,295825 | $4$3,445957 | $1,850/yr (30% 32% savings) |
NOTE: On-going actual savings assumes Eastern delivers on their service promises, of course.
DETAILS
(1) Saving on consumables costs
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- Thus: $0.00946/ paper. (That's 0.946 cents per paper page.)
- To get paper used, used snapshot that 148,666 paper was used to print 231,116 imprints (due to double-sided jobs), or 64.3%.
- Of Assume that of 280,000 pages printed, only 250can estimate 180,000 papers paper sheets used (due to double-sided printingjobs).Estimate use of 176,500 paper sheets per year, derived from 250,
- 000 papers over 17 monthsOf 180,000 paper sheets used over 17 months, that comes out to about 127,000 paper sheets used per year.
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