THE ITAM NEWSLETTER

7 Ways To Maximize ITAD Value Recovery

Author: Jeremy Boerger, The ITAM Coach​

Share this Article

Boerger_Computers on shelves[46] copy

The global IT Asset Disposition (ITAD) market is booming, with an estimated value of $16.8 billion in 2022, and expectations to reach $34 billion by 2030 according to a recent report in Business Wire. Two key growth drivers are remarketing and value recovery.

As an IT manager, you know the challenges of managing unused IT hardware assets. I recently had the pleasure of chatting with Jim Johnson from Mender, an ITAD solutions provider. Our conversation gave me new insight into how IT Asset Management (ITAM) can help organizations maximize value recovery.

Here are 7 compelling reasons to leverage ITAM for your ITAD program:

1. Optimal Timing for Disposition

IT hardware loses value quickly. Those laptops, monitors, docks and printers in storage will never be worth more than the day they went out of service. By tracking details like manufacturer, model, and serial number, ITAM enables you to determine the optimal timing for disposition based on remaining value thus avoiding unnecessary costs.

2. Proper Data Destruction Reporting

Leading ITADs follow stringent standards like NIST and DOD to protect your company from data breach risks and minimize your security and compliance exposure. ITAM can track each and every unit, thereby giving you peace of mind that none of your information gets out there.

3. Revenue Sharing on Upcycled Assets

Rather than basic recycling, upcycling reuses working assets, creating revenue sharing opportunities. Knowing if your outdated IT equipment and components can be refurbished or repurposed is key. Asset tracking ensures you get upside from assets resold versus simple disposal.

4. Carbon Footprint Tracking

As carbon credits gain traction, ITADs can provide detailed carbon emissions reporting to support your sustainability initiatives. ITAM can track assets with end-of-life value for emerging carbon markets.

5. Optimizing Procurement

Comprehensive ITAM data helps you optimize refresh cycles and avoid unnecessary purchases by identifying usable inventory. Taking advantage of assets at their peak will provide major cost savings for your company.

6. Detailed Tracking for Better Decisions

Granular tracking of make, model, and serial numbers guides asset lifecycle decisions, instead of relying on counts. Imagine that you have 200 monitors in storage. Each unit has its own lifecycle. Without tracking, you don’t know which still have value and are re-deployable and which are “junk”.

7. Maximizing Resale Value

Basic disposal channels like auctions lose significant value versus ITAD revenue sharing programs. With ITAM insights into asset values, you avoid leaving money on the table. ITAM provides the data-driven insights to maximize financial, operational, and environmental benefits from your asset disposition activities. As the ITAD market accelerates, comprehensive asset management is key for your enterprise success.

Conclusion

As the ITAD market accelerates, comprehensive asset management is key for your enterprise success. If your company is sitting on a pile of old IT hardware, it’s time to dispose of it. Then get your ITAM team on top of your hardware assets and you’ll know what you have, what the value of it is, and how to maximize its value. Remember, one person’s trash is someone else’s treasure!
 
Want help building or upleveling your team? Reach out to me and let’s talk about how I might be able to help or send you in the right
direction.

Share this Article

Leave a comment

Your email address will not be published. Required fields are marked *

Picture of Jeremy Boerger<br><a  ITAM Coach</a>

Jeremy Boerger
The ITAM Coach

Jeremy Boerger has over two decades of experience within the Information Technology sector. His signature Pragmatic ITAM Method is used by major manufacturing, healthcare, and global financial institutions. It enables them to Spend Less On Software Without Buying Less Software.

Categories

Categories

Recent Posts

Subscribe to my blog

Buy The Book:

Rethinking Technology Asset Management

If you’re a business leader or an IT
executive who is tired of hearing:
This is just the way ITAM is.
Then this book is for you. Buy here:


Screen Shot 2022-03-31 at 9.31.11 AM
Picture of Jeremy Boerger<br><a  ITAM Coach</a>

Jeremy Boerger
The ITAM Coach

Jeremy Boerger has over two decades of experience within the Information Technology sector. His signature Pragmatic ITAM Method is used by major manufacturing, healthcare, and global financial institutions. It enables them to Spend Less On Software Without Buying Less Software.

Categories

Categories

Recent Posts

Recent Posts

Subscribe to my blog

Buy The Book:

Rethinking Technology Asset Management

If you’re a business leader or an IT
executive who is tired of hearing:
This is just the way ITAM is.
Then this book is for you. Buy here:


Screen Shot 2022-03-31 at 9.31.11 AM

CONTACT THE ITAM COACH

Schedule a call with me and find out if you could be managing your assets more efficiently with the tools you already have. There is no pressure or obligation.
(You may not even need me!)

Submit the form or:

Share this Article

Share this Article

mobile-logo-resized mobile-btn-resized-final
Boerger Consulting

Don't Sweat Your Next Software Audit!

Get the knowledge you need to succeed from one of the world's top ITAM practitioners.

Subscribe To The ITAM Newsletter