What exactly is Asset Recovery?

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If you work in any aspect of the IT world, chances are you have heard someone mention asset recovery at least once.  Unfortunately, not everyone knows how to utilize asset recovery to their full benefit or even what Asset Recovery is.  Simply put, Asset Recovery is Recycling your Companies retired network equipment or more specifically, when a company resells their IT equipment to recover as much as their initial investment as possible.


Do I have your attention now?

Now I know what you are thinking… but my company scraps all of our retired IT hardware, and we make  money from that. How is this any different? 

Well, scrapping equipment could be the solution for you, if every piece of equipment in your network is no longer functioning, that is.  The chances of all of the retired equipment that you have, being scrap-worthy, are highly unlikely.   While scrapping your old equipment may be convenient, it is a guaranteed way of literally throwing money away.  Money that you could be using to buy that new piece of hardware or to upgrade the entire network.

Ok so how do you do it?  How do you know what your equipment is worth?  

Firstly,  you need to know what you have.  The best way to do this is to compile a list of all of your equipment with at much detail as possible.  Part Numbers, serial numbers and manufacturers are always helpful.
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Once you have your list, it is good to find a few Network Equipment Resellers to give you a quote.  All reputable Resellers will give you a fair Secondary Market Valuation.  It is important to  get a few quotes to make sure that you are getting the most value out of your equipment.
From here, you decide which network equipment reseller you would like to work with.  Many resellers will arrange to have all of the equipment picked up from your specified location and will pay for the shipping cost, leaving you with nothing left to do but count your money and go shopping for some new IT gear.  If executed properly with a Trusted Used Equipment Broker, asset recovery can be greatly beneficial to your IT budget.

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