What is MPS?
Managed Print Services (MPS) involves managing hardcopy device fleets (copiers, printers, multifunction devices, and fax machines) in a unified fashion. While this can be done internally, the term is typically associated with outsourcing the fleet to an external vendor. There are typically three stages in the customers adoption of outsourcing:
Control:
During this phase MPS implementations are focused upon gaining control of the fleet.
Optimize:
At this point, the implementation is focused upon optimizing the fleet by trying to ensure that hardcopy assets are deployed in the optimal manner.
Enhance:
In the final phase, customers move beyond optimization of the fleet to actually enhancing the capabilities of the fleet by using document management and document workflow to improve basic business processes such as processing loan applications, or other paper intensive processes.
This area is a subset of the broader Managed Services market, although MPS has unique applications for the organization. Managed Print Services could be considered part of the cloud computing movement, an emphasis on reducing an organization's capital expenditures and freeing IT to focus on core initiatives.
Source: Wikipedia