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Transforming Your Enterprise Magazine

Spring 2008
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Large Enterprise Business

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Identify savings in document output

By assessing the complete spectrum of document output, pharmaceutical companies can achieve significant cost savings that can be redirected back to the business.

Identify savings in document output The document-related information supply chain comprises the flow of information from point-to-point in a business and results in the creation or use of outputs. Optimizing specific areas of this supply chain can deliver significant savings. However, when most companies evaluate the document-related information supply chain, they often focus solely on the general office and the central reprographics division, overlooking the entire spectrum of the document output spend.

“Most companies only look at part of their enterprise output environment, which results in missed savings opportunities,” says Tab Edwards, HP Market Development Consultant. “Especially in pharma, where many companies create significant output that exceeds what’s generated in the general office. Those costs must be considered to achieve maximum cost savings.”

HP provides an enterprise output assessment that reviews all areas of document production and management, including general office, central reprographics, mainframe, commercial/external production, and SAP output management. Companies can choose to look at all areas or to take a modular approach to assessing their document-related information supply chains. In addition, HP can provide an enterprise content management assessment to help automate and streamline paper-based processes.

“If you look at certain areas of output production, like commercial or external, it is possible to identify significant cost savings that can be redirected back to the business to fund a research grant or to pay for output optimization initiatives,” says Edwards. “Assessing your document output environment gives you a better indication of what you’re currently spending and what you can potentially save.”

A major life science company provides an excellent example. The company was looking to reduce the cost of output enterprise-wide. HP started with an analysis of the general office and Central Reprographic Department (CRD), identifying an estimated total cost of ownership (TCO) in the general office of $9.5 million and in the CRD of $2.1 million. From this analysis.

HP estimated that the company could reduce its TCO in the general office and save approximately $4 million.

While the general office and CRD findings were useful in highlighting potential savings, the truly revealing discovery came when HP assessed the company’s commercial output spend. From this analysis, HP uncovered that the company spends approximately $75 million on external output and recommended strategies to reduce that spend by 10 percent. “With a comprehensive, enterprise-wide assessment, pharmaceutical companies can see the breadth of their output spend and derive efficiency gains and real dollar value from making adjustments to their document-related processes,” says Edwards.

For a consultation on how HP can help you reduce costs and improve operational efficiency in the document information supply chain, call 1-877-258-6162 and reference code 12.


Related link

»  Health and Life Sciences Solutions
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Table of contents

Introduction

» More than the sum

Strategies

» Improving global collaboration
» Moving to a more collaborative future

Experiences

» Collaboration supports refresh success
» Reducing risk in information storage
» Speeding response to support the business
» Improving the IT/business dynamic

Solutions

» Change management for the data center
» Future-proofing the data center
» Mastering modernization
» Making multi-core mean more

Technologies

» Built-in security for Web applications
» Turning insight into action
» For storage, virtual equals flexible
» Enterprise storage for any need
» iSCSI hits its stride

Health & Life Sciences

» Real-time health information environment
» Systematic approach to information exchange
» From transactional to strategic use of data
» Better information for better health outcomes
» Speed time from innovation to practice
» Shortening the cycle of clinical trials
» Identify savings in document output
» Access and capture data at the point of care
» Archiving to support growth and productivity
» Optimizing the pharma supply chain
» Feedback
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