From switches and routers, to servers and chassis, costs can add up quickly for businesses building or upgrading a network infrastructure. Since network hardware is a large investment, getting the best value for equipment—when purchasing and selling—is crucial. Asset recovery, the process of re-selling or trading in hardware assets, is one way that companies can maximise the value of their network equipment. Although this process can be complex, trusted hardware lifecycle support specialists can help businesses navigate it more easily.
Recovering costs through asset recovery
Many businesses recognise that selling their surplus network equipment is a simple way to recover costs. Others realise that purchasing used equipment and trading in old equipment for refurbished hardware is a viable option. An option that eliminates the high costs associated with new hardware.
However, many are still not sure how to go about achieving these goals. So, in order to simplify these processes, companies are turning to hardware lifecycle support specialists for assistance.
The benefits of partnering with a hardware lifecycle support specialist
Asset recovery involves multiple steps which can vary depending on business requirements. Working with a hardware lifecycle support specialist offers several unique advantages:
- 1. Inventory assessment The first step of asset recovery requires a company to gather its outdated, unused, or underperforming equipment and send it to a networking hardware provider. The provider ensures all the correct equipment has arrived. If extra equipment is sent, providers should communicate this to the customer and include the additional equipment in their audit. Companies no longer have to spend time counting their equipment and wondering if certain items will have value.
- 2. Fair market assessment After all equipment is accounted for, a fair market assessment is used to determine the hardware’s worth. This involves testing the equipment to see if it is in good working condition. And researching the current market price of similar hardware. Having a hardware lifecycle support specialist perform a fair market assessment saves businesses time. It also eliminates guesswork about the equipment’s true value. Also, it helps guide businesses toward their final decision regarding the hardware.
- 3. Cash or trade-in When working with a hardware lifecycle support specialist, businesses can either accept cash or receive credit for additional new or used, warrantied equipment through a trade-in process. Also, since a customer isn’t tied to one specific manufacturer, they are free to choose from many different types of new or refurbished hardware in order to find the best solution for their business requirements. Manufacturers do not offer this kind of flexibility. Because to receive any value from old equipment, organisations must purchase new products from the same manufacturer.
- 4. Added security Once equipment is sold back to the networking hardware provider or traded in for different hardware, all data is erased. This brings peace-of-mind to customers by assuring financial, proprietary and client information cannot be accessed and misused by others. A provider will then securely dispose of the hardware, relieving customers of all the red-tape issues that come with recycling electronic equipment.
- 5. Recoup costs Businesses can recoup costs from their original purchases by trading in equipment for credit towards additional purchases. On the buying side, customers can also reap certain benefits. Manufacturers typically push customers to buy from them directly and to purchase only new equipment. However, purchasing refurbished equipment from a vendor-agnostic provider yields significant cost savings compared to new hardware. Businesses interested in building or upgrading a network infrastructure can be sure that the refurbished equipment they buy from networking hardware providers has been thoroughly tested, wiped of previous data, and re-configured to like-new condition.
- 6. Green initiatives Hardware lifecycle support specialists help properly dispose of equipment that is damaged or worthless through recycling and then provide customers with a certificate of destruction. They also refurbish equipment that is still functional and of value rather than contributing to landfill waste. Thus, companies concerned with sustainable business practices will not have to compromise their corporate values when they decide to clear old hardware from their inventory.
Businesses can be sure that these providers will work in compliance with environmental regulations and security laws.
A true asset to the bottom line
As companies look to cut costs, managing network infrastructure cost becomes a critical task. With asset recovery now an established industry, businesses can leverage outdated equipment for credits and cash towards new or refurbished hardware. Although the process may seem daunting, working with a hardware lifecycle support specialist helps alleviate the stress associated with value assessments, data wiping, and equipment disposal and can provide more value than working directly with manufacturers. With many companies looking to cut spending, recouping costs associated with hardware is one sure way to improve the bottom line.
Want to learn more about our WEEE, System Decommissioning and Lifecycle Services? Check out our Value Added Services.