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Probrand, a technology services provider, released a study that revealed margins being paid to IT suppliers soared to 50.84% during the Covid pandemic.
Analysis on $6.6 million of tech spend across 14 sectors before the first wave of Covid lockdowns showed that IT buyers paid a 9.4% margin on products on average. As supply and demand for work from home equipment rose, the average margin rose to 50.84%, the company said in a press release announcing its study.
The Society of IT Managers recommends 3% as a best practice margin for IT purchases. Margins varied for different sectors. The most extreme cases were very high, such as a government organization paying a 1,456% margin on HDI cables, the Probrand study said.
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®) Hospital Business Survey Committee: The Hospital PMI™ registered 55.8 percent in January, down 6.8 percentage points from the December reading of 62.6. This was the eighth month of growth. The Business Activity Index and New Orders Index both had a sizeable decrease in January compared to December, with New Orders moving into contraction. The Employment Index increased in January moving back into expansion territory. The Case Mix Index decreased to 56.5 percent, down 5.5 percentage points compared to the December reading of 62 percent. The Days Payable Outstanding Index increased to 55 percent, up 2.5 percentage points from the December reading of 52.5 percent. The Technology Spend Index registered 50 percent, a decrease of 2 percentage points from the December reading of 52 percent.