UsedCisco.com


Asset Recovery on the Rise
July 24, 2007, 3:42 pm
Filed under: General Environment

In late 2000, Union Bank of California concluded that it was time to refresh its desktop PCs every four years and some IT equipment as often as every 2. This meant that 200 PCs as well as countless network hardware appliances would have to be retired every month. Unfortunately, there was no strategy in place for the task, or even a designated person or department to manage the systems.

“Until then, there was no process for disposing of PCs,” says Julie LeDuc, IT group purchasing manager at Union Bank. “Each department would do its own thing, either storing them in warehouses, saving them for contingency purposes or simply disposing of them.”

With a mandated company policy of environmental friendliness and the rumblings of the Sarbanes-Oxley and Gramm-Leach-Bliley acts, LeDuc knew the company couldn’t simply have the machines shipped to the local junkyard where anyone could harvest them for sensitive data. It was time for a corporate asset-recovery strategy to ensure that the machines were retired in a secure and eco-friendly manner.

Union Bank is ahead of the curve simply for considering a turnkey asset-recovery solution. The fact is, e-waste is a major growing concern globally, and whether or not you care, soon you will not have a choice. Legislation is already under way to make appropriate disposal od IT equipment part of the “Law”. Furthermore, if done properly, you may realize a decent return on your investment when companies bid for your used equipment for the purposes of remarketing and selling it through growing secondary market channels. There are other benefits as well, including the appropriate destruction of your proprietary and confidential data.

It can be tempting to look at asset recovery as a cost and choose the least expensive vendor as an asset-recovery partner. However, experts agree that reducing risk should be the primary criterion when devising a strategy: the risk of fines, lawsuits or damaged reputation. That’s why in large corporations, increasingly, responsibility for asset-recovery has moved beyond the department level and the IT division to the CXO level — often to the CIO, chief financial officer or even CEO. It makes sense for companies to have a centralized recovery strategy so that one department doesn’t get the entire organization in trouble with the law or the media.

There are many organizations that offer a suite of custom products and services surrounding asset recovery. Here are just a few offered by Digital Warehouse inc.

• Cash Buy-Back (Buy-back Program)
• Exchange for Newer Technology (Exchange Program)
• Straight Consignment (Consignment Program)
• Revenue Sharing (Base + Split GP) (Revenue Sharing
• Redeployment
• Donation
• Recycling
• Destruction

Whatever approach your company ends up taking to IT asset recovery, the benefits are clear: Organizations stand to gain peace of mind that the data on their retired systems won’t fall into the wrong hands, can realize a higher ROI on their hardware investments and will get a jump start on forthcoming e-waste legislation. The environmental benefits are green icing on the cake.

Taken from: ComputerWorld.com

For a comprehensive list of companies who have IT Asset Recovery programs visit Bradreese.com

Reuse…Save up to 90% off list price and save the environment too when you shop at UsedCisco.com

By Joshua Levitt
E-Commerce Sales and Marketing Manager for UsedCisco.com

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