A price tag doesn’t offer much insight on the real cost of new technology assets

Keeping your IT infrastructure current and equipment costs in check begins with taking a holistic view of an asset’s entire lifecycle, instead of focusing only on its productive phase. But this view is impossible to get when your strategy consists of buying an asset cheaply and using it until it wears out.

Identifying the right assets, leasing them with the help of experienced partners, such as CHG-MERIDIAN, and then managing these assets with advanced software is the better way. Taking the long view of Technology Lifecycle Management (TLM) means understanding and managing usage and costs before, during and after an asset’s productive phase, as well as refreshing equipment before it reaches its end of life.

Proactive technology lifecycle management not only prevents hidden costs from surprising management, it also reduces the risks that come with aging equipment — think of competitiveness and innovative strength.

Data is the key to understanding the full lifecycle of equipment and IT infrastructure and to getting a good return on your company’s investment in these assets.

The relevant data you need for budgeting, as well as important technical information, should be kept in one place for easy access and navigation.

Technology lifecycle management means having access to the data that shows not just which pieces of equipment are deployed to which sites, but where every piece of equipment is in its own individual lifecycle. Some companies don’t even know how many units of a particular asset they have sitting somewhere and yet are paying for every month.

While vendors often supply much of that data for their own equipment, it is usually siloed. It takes a vendor-independent expert like CHG to bring together all the data in one place, regardless of brand, asset or location, so companies can compare their performance against real-world benchmarks.

Businesses should not just be able to save money through leasing equipment and understanding its lifecycle. They should also be able to save time in managing their assets, whether it’s medical equipment, laptops or forklifts.

Automating the on-boarding of assets, approval chains, and communications can streamline the overall workflow and give back precious time to COOs and CIOs.

CHG’s proprietary Technology and Service Management System (TESMA) is an intelligent technology lifecycle management tool that pulls in and presents all the relevant information, down to each device, task and cost center, to help automate and minimize the overall workload.

There is a certain rhythm and rigor to refreshing technology assets prior to them becoming a drag on productivity. With CHG as the vendor-independent advisor and experienced partner from procurement to disposal, an organization can make sure to get the most out of their equipment.