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It’s easy to deal with hardware issues as they come along, but having a solid grip on your lifecycle plan for hardware keeps you competitive and shows how efficiently your company is run.  Large companies often have an entire team dedicated to managing the lifecycle process.  But it is just as crucial for smaller companies to stay on top of their hardware needs, so make sure you designate someone to oversee your company’s lifecycle plan.  Things to focus on include:

1.  Know when to decommission old hardware.  This is just as important as making the decision to invest in new hardware.  Holding on to equipment that is subpar could increase your costs while decreasing productivity.

2.  Look into the benefits from green initiatives- from asset disposal to recycling, there are steps you can take to make your company energy efficient and keep costs down.

3.  Explore buyback opportunities.  When you are ready to upgrade your hardware, check to see if your existing products have any value.  You might be able to trade them in and save some money on your new purchases.

By keeping up with your plan, you will help your company stay current and effective.

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