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Cutting IT Costs Without Negatively Affecting Business Cutting IT Costs Without Negatively Affecting Business November 9 Carson Wentz Jersey , 2013 | Author: Joseph B. Kappernick | Posted in Business
IT maintenance, upgrades and new implementations are necessary expenditures for any business that wants to stay relevant, compliant and competitive. Unfortunately, they can also be very costly and and rife with opportunities for overspending. In today’s uncertain market, IT leaders and purchasers often struggle to find a balance between reducing IT costs and keeping the organization’s IT systems current and effective. Suspending projects or cutting new investments may save money in the short-term Philadelphia Eagles Hats , but it will inevitably hurt the business in the long run.
The best way to avoid a situation where business is impacted by budget cuts is to find ways to reduce costs during the actual purchasing process. Arming yourself for negotiations and having a clear plan will go a long way in allowing you to invest in the technology you need without overspending. Remember the following before your next purchase:
1. Your existing vendor may not be the best
Your current vendor may not always be best choice, especially if you are purchasing new trending technology. Do your research on alternate vendors to get the best deal and gain valuable leverage for negotiations.
2. Only buy services you will use
Many vendors will try to sell you packaged bundles with all sorts of services. While this may seem like a money saving solution at first glance, you will likely end up paying for services and support that you don’t really need. Make sure you only sign up for items that you will actually use.
3. Gain pricing insight
You must know the fair market value of any IT purchase before you enter negotiations. Without this information, you are sure to overpay. Vendors are notorious for changing prices on many products and services for no reason other than they can.
4. Decrease excessive support
New software and implementations need to be supported, but how much is too much? Before agreeing on any level of support Philadelphia Eagles T-Shirts , access which areas need premium support and which ones will function with less.
5. Don’t stand for annual maintenance increases
If a vendor wants to include these in your agreement, you need to refuse. Allowing for annual increases means that you are paying too much for service.
6. Plan ahead
The IT purchases you make today should not only help you now, but also be aligned for your goals for the next 18 months. Being too shortsighted could cost you big money when you are unprepared for future growth and changes.
Joseph B. Kappernick specializes in helping Fortune 500 companies save money. He recommends that you visit NPI to learn more about IT expense reduction solution service
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