Most likely every business school in the country teaches a section on lease versus buy analysis. That may be trickier now with the constant tax law changes, but nonetheless, it is a systematic approach to comparing the cost variables and economic benefits of each option. The end result of the analysis will hopefully provide a clear choice that shows one option with a superior return on investment.
Believe it or not, this type of analysis is helpful in the document management world as well. It’s called the repair or replace quandary. We find that a high percentage of companies that completed a scanning project, or inherited the end product of one, found that the work was poor quality. This makes it difficult and frustrating for users to find important information. Does it make more sense to repair the damage or just start over?text