Probably one of the least developed processes for asset management in the past, disposal management has received a great deal of attention in the last few years, thanks to online auction sites, the growth of a secondary usage market and the EPA’s activities that are drawing attention to the environmental issues. The process for disposal begins with the determination that an asset is no longer of use to the organization. Once this determination is made, there are a number of avenues to pursue and a number of pitfalls to avoid. As with any business issue, an analysis of the costs and benefits must be undertaken to determine the best choice for the corporation. It is recommended that the programs chosen for disposal be supported by policy due to the potential financial and public relations backlash from an environmental issue.
There are many ways that Hardware Asset Management can benefit an organization. With the volatility of today’s economy and the reduction of IT budgets, finding savings is more important than ever. Organizations that have never heard of IT Asset Management are now educating their staffs and implementing business practices in order to maximize every dollar spent.