IT asset management (ITAM) is the set of business practices that join financial, contractual and inventory functions to support life cycle management and strategic decision making for the IT environment. Assets include all elements of software and hardware that are found in the business environment.
IT asset management (also called IT inventory management) is an important part of an organization's strategy. It usually involves gathering detailed hardware and software inventory information which is then used to make decisions about hardware and software purchases and redistribution. IT inventory management helps organizations manage their systems more effectively and saves time and money by eliminating unnecessary purchases and wasted resources.
Other articles related to "it asset management, asset, assets, management, it assets":
... information on warranties), and finance (invoice reconciliation, updates for fixed asset inventories) ... IT asset management generally uses automation to manage the discovery of assets, so inventory can be compared to ownership information ... Full business management of IT assets requires a repository of multiple types of information about the asset, as well as integration with other systems such as supply chain ...
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