What is your excess and obsolete material worth in the open market place? Do you know? More than likely it is not worth what you have on your books. In the case of components the material might be less value than your book value, unless there is a tight supply for a commodity component which is very hard to predict. In the case of IT gear, your accounting system more than likely posts a 24-36 month depreciation schedule. Market intelligence is the best way to understand the value of your gear, but where do you find it?  Most asset management software does not provide you with a valuation of your equipment. There are others that know, but go to great lengths to ensure that you, the owner, does not know. That is how they make their profit. While we don’t yet have a Kelley Blue Book for IT equipment, ServoTerra is getting close with its SaaS planning application, designed to provide you with the information you need to reclaim the residual value of your excess inventory.

Tweet this!