There are a couple of things that can help you determine exactly how much you can save by having your label-printing in-house. While you will definitely save money in the long run, it depends mainly on the label needs of your company.
You should take into account the number of labels you will need to print on a typical day, but also during peak sales periods. If the color label printer can print that many labels in a single day, you could save a considerable amount of money.
For many business owners, it’s not about the money they will save, but the money they will make by having an operation as crucial as label printing and applying in-house. If your vendor fails to deliver labels within time, your inventory will keep sitting, eventually missing out on sales.
For a quick calculation, you can estimate the cost of printing a thousand labels with an in-house printer. Then subtract it from what a vendor would charge you. If the number is big enough to pay off the printer itself in a few months, you should go for it.