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Financial Execs Target Print Spend for Tremendous Savings

Wednesday, March 08, 2006

Press release from the issuing company

CHAMBERSBURG, PA - March 7, 2006 -- Financial executives are paying more attention to indirect goods expenditures, especially the print channel, according to Printing Industries Consulting, a leader in revenue building, profitability and Business Process Outsourcing. The significance of sound purchasing practices for printing is being uncovered since the spend can equal up to 3% of operating revenues in hard dollar costs, along with additional soft dollar expenditures for staff time, supplier sourcing, and for relationship and procurement management. “Those responsible for controlling costs have recognized that merging pockets within their organization where print purchases are being made uncovered a large and frequently out-of-control spend,” according to Douglas P. Harbach, Division President for Printing Industries Consulting. “Once this figure is exposed and management realizes the amount of money escaping corporate oversight, printing procurement is no longer a middle manager issue but a boardroom issue.” Harbach says Printing Industries Consulting has helped organizations target this hidden cost and apply new principles to produce significant savings. This can sometimes include change in the manner print is bought by employees or, according to Harbach, choosing to utilize a specialized outsourcing firm like Printing Industries Consulting that understands the economics of the printing market and can effectively partner to produce measurable cost savings that will effect the bottom line. “Our patented method guarantees a 40% hard dollar savings on print costs,” Harbach adds. “When this spend area has been recognized for cost reduction and our methods and personnel engaged, organizations have universally achieved these savings while not missing a beat in obtaining print jobs at quality and on time.”

 

 

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