Our latest Training Trends report highlights the fact that continuing education professionals expect the number of training programs they offer to increase over the next year. At the same time, budgets are projected to remain flat. Organizations are increasingly looking for ways to deliver their programs more efficiently, without sacrificing the overall experience for their learners. Switching to a print-on-demand (POD) model for course materials is one strategy that is often overlooked.
Many organizations assume they don’t produce enough volume for POD to be economically feasible. It is true that in general, POD can potentially be more expensive on a per-piece basis than opting for a longer print run. But that all depends upon how your POD strategy is executed, and what your ultimate goals are.
Rather than taking an all-or-nothing approach (large volume print runs vs. one-at-a-time), it may make sense to think about printing a micro-inventory—smaller quantities of your educational materials that can satisfy a few months’ worth of demand, instead of anticipating your annual order volume. In doing this, you only pay for the materials you sell, giving you volume pricing without paying for excess inventory, which ultimately frees up cash flow for your organization. At the same time, it minimizes spoilage should your content need to change during this time, while giving you more flexibility to monitor and manage changes in demand as the year progresses.
One organization in particular, (ISC)2, switched to a POD model, eliminating the need to print, ship and store large print inventories around the globe, resulting in a 60% cost savings. Read the (ISC)2 Customer Profile to learn more about the benefits they experienced by switching to a print-on-demand model.
POD isn’t the right fit for every organization, but don’t be too quick to rule it out until you’ve run the numbers. It could lead to some significant savings while, at the same time, making it easier to manage your content.