Dell Technologies was named after its founder Michael Dell. It is a multinational computer technology company based in Round Rock, Texas and considering that Dell has some of the most highly sought after technology gadgets, it may benefit us to look at the financing option; DFS Dell.
Before that however, Dell Technologies has two subsidiaries; Dell Inc. or DELL and Dell EMC. It was on September 7, 2016, that Dell Inc. merged with EMC Corporation (now Dell EMC) and both companies became subsidiaries of Dell Technologies. It is a large company that has over 138,000 employees.
The company manufactures, sells, repairs, and supports personal computers (PCs), servers, data storage devices, network switches, computer software, computer peripherals, high-definition televisions, cameras, printers, and electronics built by other manufacturers.
Dell is very known for the innovations that it provides in supply chain management and e-commerce. It’s direct-sales model and its “build-to-order” or “configure to order” approach to manufacturing—delivering individual PCs configured to customer specifications form part of what make the company so known.
Michael Dell started Dell Technologies at the age of 19 with $1,000 in capital from his family. At the beginning, he worked on PC’s Limited, a seller of IBM PC compatible computers, while a student of the University of Texas at Austin and operated the company from his dormitory room.
It was in July 1985 that the company produced its very first computer of its own design. That computer was the 10 megabyte Turbo PC, which sold for $795. The price undercut that of any IBM model that was on sale then and after a positive article in PC Week, PC’s Limited was selling 1,000 machines per month.
It was after that that Michael Dell’s family lent him $500,000 to fund the growth of the company. The loans wee repaid in 1986 and by late 1986, the company was able to begin operations from an 82,000 square foot factory in North Austin.
Since then, Dell has become the third largest employer and largest private employer in Austin, Texas. In the first quarter of 2017, it was the third largest PC vendor in the world with a market share of 15.9% coming after Lenovo and HP Inc.
Dell Financial Services; DFS Dell
Dell Financial Services was founded in 1997 with a mission “To deliver financing solutions that enable and enrich the Dell customer experience.”
DFS Dell facilitates customer financing of products and services sold by Dell through consumer and small business revolving loans and fixed-term business loan and lease financing in North America and Europe.
According to the DFS Dell website;
“DFS focuses on delivering value at every step of the customer experience. DFS’ high degree of integration with Dell has enabled streamlining of the financing process for customers such as eliminating many manual, paper-oriented processes and delivering financing products and services online.”
They break that down to include these three benefits:
- DFS and Dell Account Team integration
- Technology road mapping and asset management to support customers’ technology transition plans
- Web-enabled solutions from placing finance orders, viewing and accepting finance documentation, as well as obtaining information and reports to streamline the financing process for customers
As you consider the DFS Dell, here are the products and brands affiliated with Dell. The company markets specific brand names to different market segments.
Dell’s Business/Corporate class brands are focused on long life-cycles, reliability, and serviceability and they include:
OptiPlex (office desktop computer systems)
Dimension (home desktop computer systems)
Vostro (office/small business desktop and notebook systems)
n Series (desktop and notebook computers shipped with Linux or FreeDOS installed)
Latitude (business-focused notebooks)
Precision (workstation systems and high-performance notebooks),
PowerEdge (business servers)
PowerVault (direct-attach and network-attached storage)
Force10 (network switches)
PowerConnect (network switches)
Dell Compellent (storage area networks)
EqualLogic (enterprise class iSCSI SANs)
Dell Electronic Medical Records Solutions (EMR)
Dell’s Home Office/Consumer class brands are focused on value, performance, and expandability. These brands include:
Inspiron (budget desktop and notebook computers)
XPS (high-end desktop and notebook computers)
Alienware (high-performance gaming systems)
Venue (Tablets Android / Windows)
Dell also has a Peripherals class that includes USB key drives, LCD televisions, and printers; Dell monitors includes LCD televisions, plasma TVs and projectors for HDTV and monitors. Dell Ultra Sharp is further a high-end brand of monitors.