‘Sweating the Assets’ Puts New Emphasis On Equipment Lifecycle Management

I mentioned recently that this year’s annual Gartner ITAM summit was more focused than in years past. With the challenging economic climate of the past 18 months, nearly every organization has been under unprecedented pressure to do more with less. That also meant fewer people attending the conference.

But as I returned to our offices and followed up on the many leads and contacts I made there, I heard a recurring theme among company representatives. Most were obviously intent on seriously improving their game in the asset management area, and to use best practices to achieve larger company-wide strategic goals related to cost savings and risk mitigation. And with many companies now becoming at least cautiously optimistic about the economy in 2010, budgets are beginning to show some renewed flexibility.

But one interesting challenge also seems to be nearly universal, judging from those many recent conversations. As organizations increasingly “sweat their assets” to make them stretch further, they’ve inevitably found a corresponding decrease in residual value to be gained from IT equipment at the end of its useful life to the organization. To us at Redemtech, that merely means more opportunities to refocus attention on one of our core value propositions: our ability to optimize equipment value through better management of the entire lifecycle, including a more sophisticated handle on the resale process.

By introducing a time-tested set of best practices into the management of these assets, we know through long experience that everyone can win. That means lower total cost of ownership, added levels of overall risk mitigation, and more pleasing outcomes for the environment. Who says there’s no such thing as a free lunch?