As technological assets and devices become increasingly advanced, companies often feel pressure to upgrade their assets constantly.
Some companies think consistent technological development means destroying aging assets and replacing them with the newest models. However, this method is the most expensive and environmentally damaging way to approach technological investments.
Instead, companies should consider investing in repurposing their assets. Companies can enjoy numerous cost-saving benefits and improve environmental sustainability by repurposing technological assets.
Cost-Saving Benefits
Companies maximize the value of their investments when they choose to repurpose assets instead of destroying their data and purchasing new assets. Repurposing assets decreases the need for IT-related expenses, leading to savings on maintenance costs.
Our lifecycle management process allows companies to take advantage of an existing manufacturer’s warranty or resell their asset to a third party to balance out some costs. These asset management approaches help companies obtain the highest value for their aging assets.
Another approach that saves companies significant money over time is refurbishing aging assets and extending their lifespan. Often assets require new parts to function optimally. Replacing the part restores the asset to functionality and prevents companies from purchasing expensive new products.
With our proprietary software and attention to detail during the refurbishing process, companies experience a 20-30% reduction in IT-related costs after implementing our technological rep.
One case study found that the client experienced a 20% cost reduction overall. Between lower maintenance costs and decreased need to replace assets, the client saved $3-7 million per year.
Improved Environmental Responsibility
Repurposing assets rather than destroying them is an environmentally responsible choice. Companies benefit not only from the costs saved by not purchasing new technological assets but also from making an environmentally conscious decision.
Discarded technological assets and e-waste have a significant negative impact on the environment. Organizations can serve their communities more effectively when they commit to repurposing or recycling assets.
At NCS Global, we are committed to our “zero landfill” policy. By choosing NCS Global, organizations can feel confident that their assets will be repurposed responsibly.
Extended Asset Lifespan
Technology has led to massive innovation across industries, helping companies achieve goals that would otherwise be impossible. However, technological assets have a relatively short lifespan.
When products reach the end of their lifespan, companies discard assets as e-waste. Currently, the world produces more than 50 million tons of e-waste annually.
Repurposing assets is an effective way to extend their lifespan and decrease e-waste. An extended lifespan eliminates replacement costs, limits production interruptions, and reduces the ecological impact.
At NCS Global, we believe that organizations and the environment significantly benefit from repurposing their technological assets. We offer transparent, reliable solutions to guide companies through the repurposing process. If you want to learn more about our services, contact our representatives today.