I.T. Hardware Secondary Market: A Valuable Resource During Economic Downturns and Uncertainty

The technology world has seen challenges with COVID-19 and the global microchip shortage. Hurricane Katrina and the 2008 recession caused IT professionals to rethink disaster recovery. These events have presented challenges and problems that few could predict. Times of crisis, economic downturns, disasters, and uncertainty will happen.

  • May 25, 2021
  • used network hardware, microchip shortage, secondary market, supply chain
  • The Team at CXtec

secondary market - complete lifecycle management during economic uncertaintyA Sound Solution That Proves Even More Valuable During Economic Adversity   

The technology world has seen challenges with COVID-19 and the global microchip shortage. Hurricane Katrina and the 2008 recession caused IT professionals to rethink disaster recovery. These events have presented challenges and problems that few could predict. Times of crisis, economic downturns, disasters, and uncertainty will happen.  

There is a dependable resource to serve IT teams, especially during times of economic downturns or uncertainty. That resource may surprise some people, but it makes a lot of sense. The secondary market for IT equipment is an excellent resource when the chips are down.  Choosing a partner that provides reliable, quality pre-owned IT hardware is particularly valuable when times get tough. Let us cover some key points that highlight the value of using a reputable company. 

 

supply issuesSupply Issues  

The global microchip shortage of 2021 has proven to be problematic for companies. Goldman Sachs has said it will affect as many as 169 industries. What is the big problem? Microchips are in so many everyday devices. That by default means IT hardware. OEMs like Cisco are seeing huge delays to fill product orders. Secondary market hardware providers have a massive inventory of products ready to ship. That means orders going out in days, not months. This is a huge benefit to IT professionals who need to finish projects.   

Budget Cuts   

budget cuts - secondary market IT hardware solutionsDuring economic downturns or times of adversity, companies need to reduce costs. That means getting the job done with less. The secondary IT hardware market can supply the equipment you need at a fraction of the cost of OEM list prices. With a track record of high reliability and performance, you have a cost-effective solution. Apply this saved money to projects and high-priority initiatives.   

Leading secondary market IT hardware providers do more than sell used equipment. They provide solutions for complete lifecycle management. That means providing right-sized hardware maintenance solutions with the help of third-party maintenance. This gives you a way to optimize your maintenance and support while reducing costs.   

They also provide end-of-life management services. Including safe, secure IT asset disposition services. That protects your data and is also green. Many times, this means you can get top dollar for your used equipment that you no longer need. Depending on your needs, you can choose to get cash or credit for your equipment.   

All these products and services help with reduced budgets.   

Staff Reductions  

staff reductionsUnfortunately, during tough times organizations may have to cut back on staff. That means smaller teams must do more. Allocation of team resources becomes key. You want to make use of your team’s limited time. Partnering with a secondary market IT hardware provider can help you manage this. Through their products and services, you can simplify and streamline the management of your infrastructure. Leading providers of secondary market IT hardware are more than resellers of equipment. They provide complete lifecycle management solutions. They offer added value beyond OEM dealers.   

Secondary market leaders create maintenance strategies to streamline and optimize support and management of your IT infrastructure. This means their experts can build a strategy for you based on an analysis of your needs. This differs from the conventional OEM approach. One difference is providing an extra tool for the IT professional. That is third-party maintenance (TPM).  Third-party maintenance gives you support for a wide variety of hardware. This includes aging equipment including end-of-life (EOL) products.  

With quality secondary-market providers, you get the support you need when your team needs it most while extending product lifecycles and managing costs. This approach using TPM often gives IT teams more control over when they choose to refresh equipment and reduces costs.  

Having a proven partner in complete lifecycle management saves time and money.  This applies whether you need to buy products, have them supported, extend lifecycles, or reclaim value on them at the time to refresh. When you have limited staff resources, you can maximize those resources without working with a laundry list of vendors. It is a more organized, efficient, and uncomplicated way to manage your infrastructure.  

Rethink Your Approach to Infrastructure Management  

When will the next crisis happen? When will the next recession hit? When will be the next supply chain disruption? Nobody can be sure. What you can be sure of is that those types of events will happen sometime. You cannot afford to wait.   

You can use the secondary market products and services to better prepare you for the tough times. It is a sensible and sound approach because of the reduced costs, large inventory and their ability to provide customized support and services.   

All companies can use the secondary market to their advantage. The key is to understand your needs and how best to use them. Some companies may want to use these companies in a supplemental way. Other companies may find it better to use the secondary market as an integral part of their strategy.  IT managers, CIOs, and other executives should take time to consider how they can make the best use of the secondary market as a business resource. 


Related Resources:

Complete Lifecycle Management Guide

Guide To A Smart, Right-sized Hardware Maintenance Strategy

Want to learn more about how you can use the secondary market to help protect yourself when their are supply issues, economic uncertainty and downturns?