What would you say if a 14-year-old told you that he could save the government 22% of its budget with the simplest of changes?
Well, that is exactly what happened. Suvir Mirchandani is a 14-year-old student from Pennsylvania who was pondering ideas for his upcoming school science fair when he made a revelation.
In the U.S, the printing-related budget forecast for 2014 for Federal agencies is $1.8bn. So, Suvir tested a sample of U.S. government documents and found that they traditionally use the font Times New Roman. He worked out that if the government used the font Garamond instead of Times New Roman, it could save about $400m.
How I hear you say? Garamond and Times New Roman are very similar fonts, however, Garamond is thinner and lighter and therefore uses less ink. His idea started a little closer to home when he helped his school calculate the cost of ink for leaflets that they handed out to students. He then decided to extrapolate his findings to the U.S. government.
The idea is brilliant and the solution so simple. It goes to show that the little changes you can make in your business can have an enormous effect.
Check out this interview with Suvir on his findings: