Cracking the Whip On IT Spending - ' Finding 3'
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: 20 Ways to Save Money on IT">
Finding 3
20 Ways to Save Money on IT (Slideshow)
We examined 20 different ways companies try to save money and asked whether they resulted
in large or minimal savings. Only five of these approaches (the approaches with a Savings Ratio
greater than 1) provide large savings for more than half the companies that use them. And for
small and midsize businesses, virtualization (especially when combined with hardware consolidation
and storage) is clearly the best way to take a bite out of your budget. But one of the least
used approaches, establishing or joining an existing group buying arrangement with other companies,
also should be considered; it's a way SMBs can compensate for their relatively poor negotiating
status. But even without the power of a buying group behind you, it's worthwhile trying
to negotiate for better deals from your vendors.
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