{"id":2902,"date":"2018-05-11T11:08:20","date_gmt":"2018-05-11T15:08:20","guid":{"rendered":"https:\/\/sinalite.com\/printersuccess\/?p=2902"},"modified":"2025-05-28T18:10:03","modified_gmt":"2025-05-28T22:10:03","slug":"five-tips-for-lowering-costs","status":"publish","type":"post","link":"https:\/\/sinalite.com\/printersuccess\/five-tips-for-lowering-costs\/","title":{"rendered":"Five Tips For Lowering Costs"},"content":{"rendered":"

During my tenure at NAPL (National Association for Printing Leadership), one metric we used to define leading or world class companies was year to year increases in profitability. As most companies in the industry recognize, increasing profitability is an elusive goal. Part of the formula to increase profitability is holding or reducing costs, especially labor costs.<\/span>
\nAt Print 17, my old friend Andy Paparozzi, the chief economist from Idealliance, made a presentation entitled <\/span>Capital Investment: Where Companies are Planning to Invest and Why<\/span><\/i>. In the survey, he asked the participants who reported increased profitability how they achieved it. \u00a0The answers follow.<\/span>
\n\"\"
\nSource: Idealliance \u201cCapital Investment: Where Companies are Planning to Invest and Why\u201d<\/span>
\nAs you can see, maintaining or reducing costs is one of most common denominators listed. In fact, if you compare these answers to those from two years ago, you discover that the importance of almost everything listed stayed the same or declined while the percentage that reported reduced labor costs increased (26.2%-30.2%). If you are interested in striving to be a leader, here are a few best practices to consider.<\/span><\/p>\n

How to Reduce Your Print Production Costs<\/span><\/h2>\n

1. Consider Interns<\/span><\/h3>\n

Many schools offer internships that help younger people get jobs and low-cost alternatives to full time staff. Young people like the idea of internships because it allows them to combine getting credits and making money, they get to test drive a job and a company, it improves their resume, and they know it may lead to a permanent position.<\/span><\/p>\n

2. <\/span>Create Your Own On-Call or Temp Workforce<\/span><\/h3>\n

There are many different terms for this idea. Some staffing agencies use the term <\/span>flexible staffing<\/b>, meaning that full time employee (FTE) staff is a rigid strategy. The most obvious advantage is the money savings. Most of the benefits are similar to those from interns such as:<\/span><\/p>\n