If you are involved in a business that involves large amounts of transactions on a daily basis (grocery stores, bars, banks etc.) the amount of receipts printed out on a daily basis could add up significantly over every financial year.
Although this may seem like a trivial matter to these businesses, it is only because they do not take into consideration, or rather realise that they would be able to save a substantial amount of money for their business on the long run. Every dollar saved is a dollar of revenue for a business and as such even little things such as receipt paper rolls should be given due focus.
There are various kinds of printers that are put to use for different purposes in a business, for example the dot matrix printers that use 2 ply or 3 ply bond paper are usually used for printing on invoices, purchase orders and even at POS units and as for bubble jets or ink jets, these sort of printers are used mainly at home for graphics and small volume printing.
Laser jets on the other hand have various uses much like copiers or Xerox machines that could also be used as a printer. Some of these printers have been discontinued such as the bubble jet mainly attributed to the high cost of ink and the type of paper materials which have different quality levels (60, 70, 80, 90, 120 GSM), and even bond paper that are 2ply, 3ply with copying carbon used on dot matrix printers.
Although the bubble jet printer and ink-jets came after the dot matrix which were among the first type of printer commercialised, people still use the dot-matrix due to its durability and cheap ink cartridge. However, the cost of paper which has been on a steady upward trend has posed as a challenge to these printers and the advent of thermal paper printers that are used to print receipts and other graphics has placed a downward pressure on the dot matrix mainly due to cost.
All in all, the objectives of a business are straight forward which is to minimise cost and maximise profit. When we compare thermal printers and the dot-matrix at POS counters, in the long run, the cost of thermal paper rolls are significantly lower compared to the dot-matrix and the 2 ply or 3 ply bond paper configuration and coupled with the fact that the dot matrix can sometimes run out f ink at POS stations, it causes long queues to form as the cartridge is changed.
As for thermal printers which are slightly more expensive, when calculating long term costs, the initial cost of the thermal printers become insignificant compare to the dot matrix. Although the cost of printers and printing papers may seem like trivial issues, collectively with other trivial things, the costs could add to be quite significant over the duration of a financial year.
Thus, cost savings should be applied to the entire length of a company’s value chain if at all the objective of the company is to ensure the highest return on assets for shareholders.