Significance of Asset Recovery Services in Business
Significanceof Asset Recovery Services in Business
A recent research shows that many companiestend to overlook the mammoth opportunity that lies behind effective managementof idle IT assets. It is found that only forward-thinking entrepreneurs can actuallyextract revenues from the tools that are otherwise declared junk and are piledup in a warehouse. Innumerable profitable e-waste companies have cropped up inthe recent past that offer state-of-art e-waste management solutions. Again, itis always advisable for businesses to appoint contractors with hands-onexperience in dealing with end-of-life computers and telecommunicationproducts.
A professional asset recovery contractorwould always follow step by step procedures while handling end-of-life equipment.In general, eco-friendly disposal of IT tools and efficient implementation ofasset recovery process include the following step -
Tracking and managing piled up assets
Differentiating between reusable andnon-reusable of assets
Assessing the actual value before resellingthem
Effective redeployment or reselling of theend-of-life stock
Systematic compilation of all these in anofficial report
Management of surplus equipment isconsidered an inevitable Corporate Social Responsibility (CSR) which adds tothe goodwill of a company. Many entrepreneurs today opt for donating theirusable surplus assets to charitable organizations. Thus, for maximum Return onInvestments (ROI), many customised e-waste solutions are offered by experts onthis subject. Locating resalable assets and IT property can turn extremelytime-consuming. Thus, it is always a prudent move for small, medium and evenlarge enterprises to appoint an external industrial recovery team for optimumutilization of their resources. The good thing is, many contractors also offersolutions purely on a commission basis. They charge their customers only whenthey have sold, donated or disposed of the product in an environment friendlymanner.
Many recovery contractors themselves buy ITproducts which have not reached the end-of-life and are still usable. Anincreasing number of contractors are readily buying office IT tools includingCore 2 or higher computers, laptops, flat panel monitors, new toner cartridges,network equipment and various telephone systems. IT equipment in good,operational conditions are generally disposed of when a company is shifting,moving or downsizing its office. However, it is on part of the entrepreneurs toproperly evaluate their asset's value before reselling or coming to anagreement. IT recycling professionals also offer free pickup of assets andassure secure removal of data while abiding by the DOD techniques. It is saidthat corporates should specifically focus on protecting sensitive informationby keeping in mind the possibilities of infringing software licensing policies.Finally, an official asset recoveryservice is not declared finished until a certified audit report on datadestruction and refurbishment is documented and signed upon by both theparties.
