Spurred by rapid technological evolution, barcode technology has become more versatile and functional; enhancing its appeal in the business world. Barcode equipment and software has simplified data collection in many industries — saving many businesses massive sums of money and lots of time. Adopted quickly and widely by huge companies and organizations after its introduction, barcode technology failed to break significant ground in the small and medium business worlds. For a longtime, barcode manufacturers and vendors struggled to unravel the cause of this enigmatic marginal reluctance by certain business types. After ruling out conservative business practices, they had an “epiphany.” It was just a minor money problem. Many SMEs were reluctant to spend money on barcode equipment purchases. After figuring out the problem, the vendors came up with an ingenious solution — barcode equipment rentals. Formerly considered as non-essential, sophisticated technological products, barcode equipment has gained popularity among SME business owners due to the rental option. Although the rental option is celebrated by some, others argue for the full purchase alternative — checkout the debate.
Cost
As mentioned above, it has always been about money. Like any other product, the cost of barcode equipment casts a huge shadow on its customer appeal. Expectedly, the most alluring pro for rental barcode products is their low deployment costs. However, some industry analysts argue that those who prefer this option end up paying more with every subsequent barcode renting cost. Business owners who prefer renting counteract this argument by claiming that they require the equipment rarely; making the total renting costs relatively insignificant. Factually speaking, renting is cheaper than buying if you don’t require it for daily processes.
Convenience
Arguably, full ownership of the barcode equipment guarantees convenience to the buyer. This is the most compelling reason for buying barcode equipment and software. Although barcode vendors promise timely delivery of rentals, it is not implausible to imagine that once in a while there could be a delay with shipping, through no fault of the rental company. Rental companies do advise their clients to book early to ensure adequate transaction and shipping time for the rentals. Obviously, compared to renting — buying ensures convenience, as the equipment is always at the fingertips of whom ever needs it.
Technological Evolution
Renting barcode equipment shields customers from technological lags, which culminate in expensive product upgrades. Those supporting renting present a credible argument based on the popular premise that today’s “new” is tomorrow’s “old.” Considered as a negative side effect of rapid technological evolution, it’s true that there is always a new, better product awaiting release. For barcode rental customers, renting ensures that you always get the latest release instead of getting stuck with an outdated model bought years ago. For instance, renters claim that if they need barcode reader rentals, they always ask for the latest model, which is more functional and efficient. However, working with a reputable barcode software company should offer options for keeping your equipment and software up to date and functioning beneficially.
Maintenance
Customers who prefer rental barcode equipment do not bear any maintenance costs or suffer any product breakdown inconveniences. After buying barcode equipment, the owner bears liability for its maintenance and repair. Although buyers claim that renters incur high charges if they break or lose any rented equipment, renters claim that their new models are sturdier and that anyone can lose stuff. Again, renting wins!
Considering all the insightful arguments presented regarding these two “ownership” options, it is true that both choices have several merits and demerits. Ultimately, it comes down to what type of business, the specific needs, and frequency needed as to whether renting or buying is better.