MDSi Updates, Blogs, News, and Events

MDSi Updates, Blogs, News, and Events

Asset Lifecycle Management: Achieving Cost Avoidance Through Informed Decision Making

Posted by Jason Flomerfelt on Feb 24, 2015 4:11:00 PM

Asset Lifecycle Management: Achieving Cost Avoidance Through Informed Decision Making

As technology continues to change and an organization expands, proper administration of current technology assets becomes essential. Reduced visibility during asset lifecycle management increases expenses, decreases reliability, and is detrimental to business operations. Does your company find itself purchasing duplicate hardware, increasing inactive inventory? Do you have a centralized tool that will easily give you an accurate inventory of both inactive and active hardware across your global infrastructure? Are you paying for storage space for inactive hardware that you can make money on through decommission or redeployment?

Asset lifecycle management is important since it facilitates the decision making process for every organization. If your company does not know what hardware is available or is inefficiently deploying existing new and refurbished hardware, associated costs will be much higher. The first step toward cost avoidance is building awareness through improved logistics and inventory management. A company cannot make the right spending choices without first having knowledge of current possessions and capabilities.

The Path Toward Cost Efficient Administration

A centralized view of current assets is necessary to gain control of spending and boost infrastructure or site configuration performance. The easiest way to accomplish this is to gain the help of a dependable provider who has a system in place to aid in every portion asset lifecycle management. This means they are able to provide advice in a number of areas including:

--Logistics

--Purchasing

--Asset Retirement

--Re-distribution

--Sparing

--Compliance

--Configuration

--Inventory Control

Lack of visibility contributes to poor decisions such as buying a component when one is already available to implement. Additionally, sending out inefficient equipment will result in further costs, as configuration or replacement takes longer. Until the right information is available for asset lifecycle management, only uninformed decisions are possible. By getting a handle on current assets, your organization will be able to improve reliability, better utilize existing inventory, and deliver higher quality services to customers.

Getting Started

If asset lifecycle management is the objective, the best choice is to gain the additional expertise of a provider who is not only capable of aiding in the administration of assets, but also able to offer specialized skillsets for improving hardware management. For example, the expenses are not just in making educated hardware choices, but also with the implementation of those choices. Ideally, you want more than just a consultant, but a partner that has the expertise and availability to implement various infrastructure services and programs.

At MDSi, we have developed a proprietary system to deliver a centralized view of all your IT assets. This system, combined with our high level of engineering and implementation expertise, delivers the right solutions geared toward managing current inventory to gain cost avoidance strategies. If getting a grasp on asset lifecycle management is proving to be difficult, our team is readily available to help you meet these goals and gain an edge over the competition.

Topics: Asset Management, IT Services