Hardware Asset Management
Hardware asset management entails the management of the physical components of computers and computer networks, from acquisition through disposal. Common business practices include request and approval process, procurement management, life cycle management, redeployment and disposal management. A key component is capturing the financial information about the hardware life cycle which aids the organization in making business decisions based on meaningful and measurable financial objectives.
Software Asset Management is a similar process, focusing on software assets, including licenses, versions and installed endpoints.
Read more about this topic: IT Asset Management
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