Let’s say you work as an IT manager for a large corporation—or maybe a government office or a school—that’s replacing nearly all its IT assets with newer and faster technology: new PC towers and monitors for every desk; new tablets and smartphones for every employee.
Without a doubt, that’s the sort of expenditure that doesn’t come cheap. But what if there was a way to recoup some of the costs involved with the large scale replacement of IT equipment?
As it happens, there is. And a process known as IT asset recovery is where it all begins.
It asset recovery is a complicated term for a relatively simple process. The bottom line is that most computing equipment replaced by organizations today still has significant market value. That’s why simply disposing of old IT hardware just doesn’t make sense.
And from a financial point of view, allowing it to gather dust in a storage closet is almost worse: If your company’s unused and outdated equipment needs to be stored at a specific temperature or humidity level to prevent deterioration, for instance, you’re essentially wasting money around the clock. Ouch.
Interested in trading with the best in the business?
Those of us here at CWI have been in the IT asset recovery business for nearly 20 years. We know from first-hand experience that selling used IT assets such as computers, tablets, printers, and scanners can do much more than create a surplus of storage space. It also turns the equipment your organization can’t use into the currency it desperately needs to pay for new hardware. Yes, it’s a cliché, but that’s what we call a win-win.
Here’s how it works:
CWI Can Help Do More Than Just Recycle Your Old Computers
IT asset recovery is the process of making sure you get the best value from your old, unwanted computer equipment.
It’s important work, but for many companies, not something they can do in-house.
Finding the right IT asset management firm is like shopping for any product or service: You need to consider a number of different factors before you decide what you want to buy or who you want to hire.
Here are a few questions to ask yourself if you’re in the market for an IT asset recovery solutions company.
The Right IT Life Cycle Management Can Help You Save
There’s a saying Ronald Reagan used in some of his presidential speeches: “You can’t spend yourself rich.”
But when it comes to your computer systems at work, you can certainly save yourself poor.
Rather than saving money by holding onto old computer systems, you might be hurting yourself more in the long run because of the cost of constantly having to repair or upgrade inferior systems.
Q. Are you losing more on productivity due to downtime than you’re saving on not buying new computers?
If you read about Native American people who lived on the plains, you come across the same concept over and over:
“They wasted no part of the buffalo.”
Well, that’s sort of how you should think of folks who work in the field of IT asset management: they want to be sure no part of your computer goes to waste.
But that’s getting ahead of ourselves. First we need to answer two questions: “What is IT asset management?” and “If it involves getting use out of old computers, how is it any different from computer recycling?”
As we mentioned in a previous blog post that was published this past July, recent studies have shown that increasing numbers of companies are choosing not to remarket their retired computers and IT equipment, but to dispose of them instead.
Their reasoning? According to IT department heads, it comes down to a lack of confidence in the data security of most ITAD (IT Asset Disposition) companies.
Naturally, we want our IT remarketing clients — past, present and future — to have complete confidence in our data erasure standards. To that end, we’d like to share with you a case study of our own organization’s data security that was compiled by WhiteCanyon Software.
WhiteCanyon is a leading provider of security software; we partnered with the firm while searching for a solution to securely and permanently erase data from clients’ hard drives as efficiently and effectively as possible.
To learn more about how we’ve significantly streamlined our data erasure efforts, click here or on the image above to download the WhiteCanyon case study. (PDF)
The refurbished computer market can be an excellent choice if properly researched, and purchased from a high-quality company with a great track record. Here are five good reasons to consider going refurbished with your next IT equipment purchase:
1. You’re on a Budget
Of course! This is the big one. It’s estimated that you can save an average of 25% to 50% off the retail price when you go with refurbished computers. The savings can really add up, especially with larger purchases.
2. You Don’t Need the Latest and Greatest in Computers
Many businesses and applications don’t require the latest, cutting-edge technology or performance. If you don’t require graphics intensive uses, for instance, there is no need to be spending the money on the latest hardware when that is not where your business needs lie.
3. Refurbished Computers are Environmentally Responsible
Reusing is even better than recycling. There’s no need to dismantle a perfectly good computer that still has years of productive life remaining. It’s a good thing to do from both an economic and an environmental standpoint.
When a business is ready to turn over its computer equipment and upgrade to the latest systems, recycling is often the first thought.
Recycling used computers is a good idea, granted, much better than a one-way trip to the landfill, but there’s a much better approach: used computer remarketing.
Remarketing is About Extracting More Value
The idea behind remarketing is that most computers, especially those sourced from a corporate environment, have more life left in them than one might think. This is a result of two thoughts: Corporate environments tend to take much better care of their IT assets, and many companies take pride in staying on the cutting edge of technology, so they’ll replace computers on a fairly brisk 3-5 year cycle.
The decision to buy a used computer, or a set of them for your business, is a balancing act between value and performance. Properly vetted, a good used computer can save you substantial money and provide you with an appreciable life span of highly productive use. To really make it worth your while and investment, however, there are a few questions you should ask before making the leap.
The decision to buy used computers can be a very sound, responsible investment for your IT needs if executed properly.
Depending on your company’s needs, well-maintained, used computers can fulfill your requirements quite well and at a fraction of the cost. But where you purchase your used computers and IT equipment can be the most important decision in the process.
Here are a few things to discover when you’re choosing the best place for you:
Actually, It Depends…
When to replace your used computers is a difficult question and there is no real right answer. Depending on what kind of computer it is, what it’s used for, and who you ask, you’ll most definitely get a different opinion.
As a recent Computerworld article explored, some computers are replaced every eighteen months, some every five. Most every three to four years. Shorter for laptops than desktops, due to their travel and durability issues. But as new software continues to gobble up and require more processing power, and higher computing power becomes more and more affordable, the lure and logic of trading in all your used computers becomes more pressing.