What is Managed Print Services (MPS)? (as defined by Xerox) What is Managed Print Services (MPS)? The managed print services definition is broad, but the end result is simple: gaining visibility and control of printing, which helps save money and boost productivity. Managed print also helps improve environmental sustainability and document security. By "printing," means the total cost of managing and optimizing printers, their output, and the people and processes that support these devices. This includes: