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IT Hardware Procurement: Importance, Benefits, & Best Practices

Written by Author | May 2, 2024 8:50:00 AM

Effective IT hardware procurement is not just about finding the best deals on computers and peripherals. It's a process that can impact an organization's bottom line, productivity, and competitiveness.

According to statistics, the average company's IT hardware budget includes almost 20% laptops and 51% desktops, servers, and networking. These numbers are expected to grow due to the increasing reliance on technology. 

Effective IT hardware procurement can lead to cost savings, improved efficiency, and enhanced security. For example, negotiating volume discounts with suppliers can reduce purchase prices.

Not only this. Implementing a regular hardware refresh cycle ensures that employees have access to the latest technology, raising productivity and morale.

In this article, we will explore the significance of IT hardware procurement, discuss its benefits, and discuss best practices to help you navigate the complexities of global IT management.