Streamlining IT Maintenance & Asset Management

Without breaking the bank

Todd

Welcome

Thank you for taking the time to investigate how Third Party Maintenance (TPM) and asset management offers significant savings over support contracts from original equipment manufacturers (OEMs). It is estimated that OEMs make between 80-90% profit on maintenance contracts, the cost of which is routinely increased by 15% per year.

It doesn’t have to be that way. At XSi, we help our customers save money on annual OPEX expenses without sacrificing quality.

 

XS International’s Content

Case Study: Streamlining IT Asset Management
A large US-based energy provider realized their IT asset management procedures needed an upgrade; the existing system was cumbersome, their IT department was not designed for managing equipment logistics, and the inventory was being tracked manually via incomplete Excel spreadsheets.

After speaking to multiple TPM providers, the company hired XSi to rework their entire IT asset management system, which included training the staff on the new system and providing third-party technical support going forward.

The results were astounding: the company recovered hundreds of assets and saved 85% on maintenance compared to plans offered by the OEMs, amounting to over $1,000,000 in annual savings. Read More

How using third-party maintenance reduces IT expenses
The truth is, 80% of total IT costs occur after the initial purchase; primarily due to the high cost of ongoing maintenance imposed by the original equipment manufacturers.

Results Despite their importance, IT budgets increase by a modest one percent annually. These constraints put IT managers in a difficult position, as it is standard for OEM maintenance fees to increase by 15% annually for the first five years, and significantly more after that.

This whitepaper provides an overview of the following:

  • Where the traditional IT maintenance model falls short
  • Why leading IT analysts recommend third-party maintenance
  • How TPM provides 50-80% savings over OEM support contracts
    Read More

Gartner

Missing Components of Hardware Asset Management Strategies Are First Steps to Failed Policies

Tim Zimmerman, Roger Williams

31 July 2018

Too many hardware asset management strategies introduce risk, excessive costs and wasted time due to incomplete decisions and poor asset tracking. Sourcing, procurement and vendor management leaders must address these critical decisions in order to deliver a complete asset management strategy.

Key Challenges

  • Sourcing, procurement and vendor management leaders often limit their hardware asset management strategies to items that are discoverable in the network, which is only a fraction of their total hardware assets.
  • At least 30% of IT assets are believed to be missing, stolen or considered "ghosts" because sourcing, procurement and vendor management leaders have a limited strategy that fails to manage nondeployed components, spares and other high-value assets.
  • Sourcing, procurement and vendor management leaders waste millions on stand-alone hardware asset management tools that do not meet their actual needs, resulting in inefficient and costly manual efforts and rebuying lost assets not tracked by the tool.

Recommendations

Sourcing, procurement and vendor management leaders looking to mature their IT and hardware asset management strategy must:

  • Create a cross-functional team to define a comprehensive hardware asset management strategy by including line of business (LOB) technology, facilities devices and all other data-generating hardware (like IoT devices) that provide value to the organization. Read More