What is ITAD?
You may have come across an article or web page with the word “ITAD” in it and asked yourself, what is ITAD? What does ITAD stand for? What’s a simple ITAD definition? ITAD stands for Information Technology Asset Disposition. Clearly the abbreviation ITAD is used ubiquitously for a good reason. The full name is somewhat of a mouthful. For a full ITAD definition, we’ll go into what Information Technology Asset Disposition means as well.
ITAD: IT Asset disposition
Information Technology Asset Disposition definition: ITAD is the business of disposing of outdated, unviable, or undesired equipment in an environmentally safe and responsible manner. ITAD companies specialize in the processes related to disposing of and remarketing IT assets, while mitigating expenses and maximizing the value of the IT assets.
What Is ITAD Able to Do For You?
ITAD companies can help you get rid of your excess IT equipment or decommission your data center and get paid for it (not to be confused with ITAM). Once they’ve bought your material, they’ll then go through the IT Asset disposition market as well as their own personal end user network to attempt to recoup as much value from your equipment as possible. In simple terms, a good itad definition is: any process related to getting value back for IT equipment. For a more in depth itad definition and its context, it’s imperative to understand the it asset disposition market and how itad companies go about their value recovery process.
What Is The IT Asset Disposition Market?
The IT asset disposition market is a secondary IT market used by ITAD companies to remarket assets they purchase. Many ITAD companies coordinate with other different ITAD companies to sell the equipment off to the highest bidder. Some ITAD companies rely on broker bin, others contact the other ITAD companies directly, though most itad companies sell direct to end users in any case.
Choosing the Right Company In the IT Asset Disposition Market
There are likely close to 100 ITAD companies at this point, and it can seem difficult to find the optimal choice. Consider the following scenarios. Regardless of your scenario, there will be features that you most likely will want to look for above all else.
You have bulk inventory and need decommissioning services
You have just a few pieces of equipment and can ship the material yourself