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Ever felt like your IT support is stuck playing whack-a-mole—just when you fix one laptop, another ticket pops up? The pressure to “do more with less” can be brutal. If you’re spending too much time on manual requests, asset losses, or frantic overnight shipping, smart lockers and IT vending machines promise a way out. 

But here’s the twist: the cheapest locker can end up being more expensive in the long run. In this post, we’ll: 

  • Reveal the real costs—beyond the “sticker price”—that can blindside you. 
  • Show how non-integrated solutions can create more IT work (not less). 
  • Highlight the massive ROI you can capture when you deploy a fully automated, ServiceNow-certified approach like Velocity Smart Collect. 

Stick around if you want to learn how to slash help-desk tickets by up to 60%, reduce IT asset loss by 90%, and save enough money to impress your CFO. 

 

 1. The High Stakes of IT Asset Management

In the current climate, the phrase “do more with less” is on every executive’s mind. Yet, many employees still: 

  • Lose or misplace 5–10% of company-issued IT devices. 
  • Wait 2.9 days on average for replacements, causing major productivity leaks. 
  • Complain about the “painful” wait for IT to respond—denting your employee satisfaction scores. 

What’s at stake? Lost productivity, wasted budget, and frustrated employees. According to research by Velocity Smart Technology, just 100 monthly hardware requests can translate to £27,000 in lost productivity if employees wait days for a new device. 

If you’re reading this, you’re probably hoping smart lockers or IT vending machines can be your golden ticket. They can be—if you avoid the hidden pitfalls below. 

 

2.Sticker Price vs. Total Cost: The Hidden Pitfalls

It’s Not Just the Hardware 

When you see a locker or vending machine advertised at an attractive price, remember it’s only one piece of the puzzle. You’ll also face: 

  • Software & Integration fees 
  • Shipping & Freight (especially for global deployments) 
  • Maintenance & Support (annual or monthly) 
  • Tariffs or Import Duties if buying overseas 
  • Certification costs (UL, CE, CSA, BIS, etc.) 

All told, a “bargain” unit can become a Trojan Horse of hidden overheads, especially if you need robust integration with your ITSM platform (like ServiceNow). 

 

3.Typical Pricing Models & Benchmarks

To give you a sense of the broader market, here’s a look at common pricing structures and approximate cost ranges. 

3.1 Pricing Models 

  1. Upfront Purchase (CapEx) 
  • One-time hardware cost + recurring software/support fees. 
  • Good if you want to capitalize hardware and control annual costs. 
  1. Hardware-as-a-Service (Subscription) 
  • Monthly or annual fee (hardware, software, support included). 
  • Easier on the budget initially, but total expenses can be higher over 3–5 years. 
  1. Usage-Based / Transaction-Based 
  • Pay per item dispensed or per user transaction. 
  • Less common in IT asset scenarios, can complicate budgeting. 
  1. Combination Pricing 
  • A mix of minimal upfront + monthly + possible usage fees. 
  • Offers flexibility, but be careful with TCO calculations. 

 

3.2 Smart Lockers: Market Ranges 

Model 

Upfront Purchase 

Monthly Subscription 

Basic Smart Locker 

$6,000–$10,000 hardware  
+ $1,500–$3,000/yr software/support 

$350–$700/month all-inclusive 

Advanced/Larger Smart Locker 

$10,000–$15,000 hardware  
+ $2,000–$5,000/yr software/support 

$700–$1,200/month all-inclusive 

Tip: High-end lockers with biometrics or advanced security can exceed $20,000 upfront. 

 

3.3 IT Vending Machines: Market Ranges 

Model 

Upfront Purchase 

Monthly Subscription 

Basic IT Vending Machine 

$8,000–$12,000 hardware  
+ $1,500–$4,000/yr software/support 

$400–$900/month all-inclusive 

Advanced IT Vending Machine 

$12,000–$20,000 hardware  
+ $2,000–$5,000/yr software/support 

$900–$1,500/month all-inclusive 

When comparing these options, think beyond the sticker price. If you’re serving multiple offices or continents, logistics can quickly inflate costs. 

 

4.The “Swivel Chair” Syndrome: Why Non-Integrated Lockers Create More Work

Picture your IT staff toggling between: 

  • ServiceNow (for ticket creation, asset management) 
  • Locker Management System (LMS) (for pick-up scheduling and notifications) 

They manually: 

  • Enter request details in the LMS so the locker can send a pick-up email. 
  • Check back later to confirm the user retrieved the device. 
  • Return to ServiceNow to close the ticket, reassign assets, or note any special handling. 

This re-keying or “swivel chair” approach burns time and invites errors. Each request might cost 5–10 minutes of IT labor, which can accumulate into thousands of pounds/dollars a year in hidden costs. 

Plus, employees still rely on staff availability to push data between systems. If a laptop dies at 2 a.m., the user might wait until morning for the locker to reflect the correct pick-up code. The result: lost productivity and frustrated users. 

 

5.ServiceNow Integration: The DIY Trap

5.1 The Lure of Custom Development 

Some companies try buying a cheaper locker and plan to build the ServiceNow integration themselves. However: 

  • ServiceNow Developer Rates: £700–£900/day (or $900–$1,200/day in the U.S.) 
  • Project Costs: Even a moderate project can surpass £200,000–£400,000 ($250,000–$500,000). 
  • Maintenance: Two major ServiceNow releases a year mean re-testing your custom code often. Additional database licensing can exceed £25,000/year. 

Before you know it, you’ve spent far more on development than a pre-certified solution would’ve cost—and you might still be missing core functionality. 

 

6. Going Global: Logistics, Tariffs, and Hefty Freight Bills


Smart lockers are not small. They can weigh 300 kg or more. Shipping that overseas: 

  • Freight Costs: Can be thousands per unit, especially for expedited freight. 
  • Import Duties: That “cheap” Canadian locker might see 10–30% in tariffs when entering the U.S. or Europe. 
  • Local Certifications: UL in the U.S., CE in Europe, CSA in Canada, BIS in India—each region may demand specific tests or documentation. 

Deploying the wrong hardware internationally can become an administrative and financial nightmare—sometimes overshadowing any initial savings. 

 

7. Velocity Smart Collect: One Integration, Countless Benefits

7.1 Fully Automated, ServiceNow-Certified 

Instead of spinning up a giant dev project, Velocity Smart Collect: 

  • Runs natively in your ServiceNow environment. 
  • Automatically updates with every new release (no extra tech debt for you). 
  • Provides out-of-the-box workflows—request management, borrow-and-return, reporting, auto-assignment, and more. 

All for a fixed cost (~£20,000) that includes installation, configuration, and ongoing support. You can deploy in as little as 5–6 weeks—instead of waiting 6+ months for a custom integration. 

7.2 Real ROI: The Data Speaks 

Stuart McDonald, COO of Velocity Smart Technology, notes: 

“Customers discover significant time and cost savings—over 30% reduction in on-site support, a 45–60% drop in service desk calls, and up to 15% savings on ordering and shipping. This delivers an overall ROI within 12–18 months.” 

Velocity has seen these numbers play out repeatedly: 

  • 45–60% fewer service desk hardware requests 
  • 30% reduction in on-site IT support time 
  • 15% lower shipping costs via bulk ordering 
  • 90% less device loss (vs. 5–10% previously misplaced) 
  • Employee satisfaction: Gains of 20+ points in CSAT/NPS 

Employees can pick up a replacement device at 2 a.m., fully automated, while your IT team rests easy. 

7.3 Multi-Manufacturer, Global-Ready 

Velocity Smart Technology is one of the very few smart locker solution providers capable of seamlessly integrating with multiple locker manufacturers—thus addressing those tough global logistics issues. That means: 

  • Flexibility: Choose hardware certified in each region, avoiding big shipping and import headaches. 
  • No Re-Dev: Switching brands? No problem—Velocity already supports the new vendor’s APIs. 

 

8. So, What’s the Bottom Line?

8.1 Key Takeaways 
  • Hardware Price is just the tip of the iceberg. Integration costs, logistics fees, and maintenance can dwarf initial savings. 
  • Manual “Swivel Chair” tasks undermine the whole point of smart lockers. Aim for end-to-end automation. 
  • Global Deployments demand a careful look at shipping, tariffs, and certifications—one “cheap” solution in Country A may be cost-prohibitive elsewhere. 
  • Pre-Built vs. DIY: Certified ServiceNow solutions (like Velocity Smart Collect) often pay for themselves soonerthan custom code. 
  • ROI can arrive in 12–18 months or less—employees love 24/7 pick-ups, IT loves fewer calls, finance loves lower costs. 

 

9. Final Thoughts:

If you’re ready to lose the leaky faucet of lost time, manual data entry, and asset mismanagement, a fully integrated approach is the answer. Velocity Smart Technology stands out as one of the few providers that works with multiple locker manufacturers—giving you global reach without the usual headaches. 

We’re so confident we have the highest ROI in the IT Asset Management Smart Locker industry that we’ll build you a free ROI Business Case. Let us analyze your ticket volumes, asset replacement rates, and shipping costs to show exactly how much you’ll save—often paying for itself in as little as 12–18 months. 

Ready to transform your IT asset management into a streamlined, 24/7 self-service powerhouse? Contact us today at Velocity Smart Technology and let’s get started on your custom ROI plan. 

 

Disclaimer 

All numerical references (e.g., cost ranges, ROI timelines, shipping fees) are approximate averages and may vary based on your location, project scope, and current market conditions. Always consult relevant experts for a custom estimate. 

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