How to Reduce Costs and Invest in Better Technology at the Same Time
Businesses everywhere are feeling the pain of inflation, and many of them are cutting back on their spending as a result.
But cost savings need to be strategic. Otherwise, if they come at the expense of meeting customer demand and growing your business, they can worsen your financial situation.
This is why many companies invest in innovation before and during the toughest times to help them quickly cut costs while creating new labor efficiency and productivity.
In fact, studies by Harvard Business Review and Bain & Company looked at the difference investing in innovation makes during periods of major financial challenges, such as the 2007-2009 Great Recession.
These reports found that 9% of roughly 4,700 companies studied outperformed their competitors by at least 10% in sales growth and profit. One of the most significant factors in their success was their investment in technology, according to Bain & Company.
Bain & Company’s study found that technology is crucial because it enables companies to move faster and simplify business processes with both step-change and continuous improvements. It gives us ways to improve efficiency, cut costs, and increase agility at a time when we need it most.
Katy George, a senior partner at McKinsey, agreed. “Technologies create much more flexibility around product changes, volume changes, as well as movement of your supply chain,” she said in an interview with Harvard Business Review.
That’s the idea behind the GO Zebra Trade-In Program, an initiative from Zebra Technologies that has been helping companies create new labor and cost efficiency for years.
The GO Zebra Trade-In Program: How It Works
The GO Zebra Trade-In Program helps businesses get thousands of dollars in rebates toward new devices by trading in their outdated hardware, such as mobile computers, barcode scanners, and label printers. Upgrading to more recent hardware unlocks the latest quality-of-life improvements that improve operational efficiency and help better automate processes.
Instead of delaying upgrades and settling with older devices, you can save money while quickly deploying the latest solutions with innovative new capabilities that take mobile productivity and efficiency to new levels.
For example, some of our clients have used the trade-in program to purchase Zebra’s breakthrough TC8300 touch mobile computers, which has a track record of boosting worker productivity by 14% and enabling 40% faster data entry with 60% fewer errors.
Others used the trade-in rebates to invest in next-generation MC9300 mobile computers, which combine Android touch simplicity with a traditional keypad for an ultra-rugged handheld mobile and scanner that’s the best of both worlds.
With the GO Zebra Trade-In Program, you can get a rebate of up to $650 per device on a variety of devices, including:
Handheld mobile computers
Vehicle-mounted mobile computers
Rugged enterprise tablets
Touch mobile computers
Barcode scanners
Industrial printers
Mobile printers
ID card printers
Fixed industrial scanners
Machine vision sensors
The program is all about helping companies manage costs and improve efficiency at the same time. By making technology upgrades or adoption more affordable up front, the program helps companies make smart investments at a time when many others are cutting back. And those investments quickly turn into a significant return, with many companies seeing boosts in productivity, efficiency, and cost reduction well into the double digits.
Next Steps
Contact us to speak with a solutions consultant about the GO Zebra Trade-In Program and how it can help you achieve your goals, even with an uncertain economy.
References
https://hbr.org/2010/03/roaring-out-of-recession
https://www.bain.com/insights/beyond-the-downturn-recession-strategies-to-take-the-lead/
https://hbr.org/2019/05/how-to-survive-a-recession-and-thrive-afterward