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MDSi Updates, Blogs, News, and Events

In a Corporate Lean World, Cutting Technology Spend is not Your Best Investment

Posted by IT-Service on Mar 4, 2014 7:30:00 AM

IT Technology SystemsWithout looking at the full scope of the effect on business processes, companies can severely handicap their future needs by deciding to cut technology budgets in the short-term. In fact, many times the efficient use of technology can provide cost saving solutions across many other areas of the business.

Obviously we can’t have a blatant disregard for the growing costs of running a business, which include tax increases, spending increases, inflation, utilities, labor, and many other needed resources that adds to total expense and overhead. However, we need to change our viewpoint of certain aspects of our business, namely technology and infrastructure, not as overhead costs but as investments for growth. Minimizing your technology investment can seriously damage your company’s infrastructure, as well as allow your competitors to gain traction in your industry as your business becomes stunted.

It can definitely be frustrating when the annual upgrades that are needed to stay competitive become increasingly expensive and budgets become tighter and tighter. The best way to combat this issue is to have an in depth understanding of how the technology works and how it is utilized within the scale of your business. This way, you will know whether the new hardware or software model is critical to your business model, or if it merely provides moderate upgrades that do not critically effect your business operations.

Without getting too political about finding other ways to add to your company’s annual or quarterly budget, it would be at least wise to acknowledge how drastic advancements in technology have benefited businesses involved in all industries. And the good news is many of these advancements, though some of which might require a serious change in your company’s already established IT methodology, are making the cost for companies to purchase IT and improve infrastructure less expensive.

Your best bet would be to find ways to incorporate technology into your business through less expensive options, such as purchasing hardware through a reseller of refurbished IT equipment. MDSi is a company that offers refurbished IT components that function just as effectively as a new model system can, are certified to OEM standard, and come with full maintenance options for the life of the hardware. If you are looking for an avenue to save money on your IT budget, but not wanting to cut your IT initiatives and projects for fear of the consequences, it is recommended that you speak to a professional from MDSi. A representative will provide you all the information you need to feel confident about purchasing refurbished IT hardware and components regardless of your OEM needs.

Topics: IT Hardware, Corporate Lean World - Cutting Technology Budgets