The document discusses managed print services (MPS), which involves outsourcing management of an organization's printing fleet to a third party. The key benefits of MPS include cost control through ongoing optimization, proactive maintenance, consolidated billing, and freeing up IT resources. MPS follows five pillars: define, measure, analyze, improve, and control. Trends in the industry show more providers offering comprehensive MPS solutions to help customers simplify management of printing costs, which typically represent 1-3% of revenue. MPS can streamline workflows, improve productivity, and reduce environmental impacts from paper, toner, and energy use associated with printing.