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Thanks largely to Michael Hint, 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
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Find a way to reduce $5,800 annual printing costs for 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 the portion ChemIT could control was around $4,625 per year.
Action, by ChemIT
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(Thank you, Michael Hint!)
- 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
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Effected recurring savings of 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.
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