HOBI Weekly Blog Recap (1/23-27/23)
We’ve all heard of the three R’s before – Reuse, Reduce and Recycle. It is a waste hierarchy that provides guidance on creating a sustainable life. But did you know that these three R’s aren’t even half of what a certified IT asset management organization can do for your company?
At first glance, reverse logistics may seem like a rather complicated process, but managing the flow of IT equipment is essential for every business. Experts in the reverse logistics process determine the appropriate channel equipment should be sent through to recover the most value.
- Review
This is the stage of reverse logistics where functionality and remaining value of IT equipment are determined. Products that partake in this process are then sent to appropriate sectors to maximize customers with ROI
- Refurbish
Once items are determined to still have a functional value, they are cleaned and remarketed. Our HOBI online shops sells the latest refurbished electronics on the market for a fraction of the price of newer models.
- Repair
Alongside the electronics refurbishment stage, equipment that has salvageable defective parts that can be identified while repairing and extending the life of an IT asset. HOBI tablet repair service cuts significantly cuts employee downtime from decommissioned mobile devices.
- Return Material Authorization (RMA)
Return material authorization occurs when faulty equipment is irreparable but still under warranty. The equipment is submitted to original equipment manufacturers (OEMs) for financial reconciliation. Reverse logistics experts that implement best practices for RMA and IT asset management are able to recover significantly more value and shorten RMA turnaround compared to the industry spaces.
- Recycle
Ah, the biggest ‘R’ of them all. Some IT equipment is recycled when it is not yet at its end-of-life stage. When electronics recycling should be utilized, the products have no remaining value and should then be disposed of according to industry standards and government regulations.
- Reuse
The reuse stage in the reverse logistics process is for equipment, refurbished or repaired, that is reintroduced into a company’s own service parts supply chain. When a company can reuse a product it already owns, that is a 100% value recovery.
- Remarket
HOBI International evaluates IT equipment to determine what items should be considered for electronics remarking and sold through our extensive channels. In this stage in the reverse logistics process, we make products retail ready and maximize value through remarking back to consumers.
But how does this affect the end result? What will this mean for the future?
- Reduced costs
Partnering with a certified IT asset management organization for reverse logistics saves your company the burden of paying hefty fines that is a result from improper electronics recycling.
- Recovered Value
HOBI’s innovative reverse logistics process maximizes customer ROI. Our experts determine the benefit of either refurbishment or recycling in order to recover the most value for each piece of equipment entering our warehouse.
- Reduced Risk
Data security is one of the most important issues when it comes to the reverse logistics process. Certified IT asset management and ITAD organizations have experience in on-site data erasure and destruction. Don’t let your sensitive data slip through the cracks.
Contact HOBI for more information on our reverse logistics process and how our professionals can assist your company.
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