Overview - IT Asset Management

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IT Asset Management

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.

Oomnitza IT Asset Management

Goals of ITAM

ITAM business practices have a common set of goals:

  • Uncover savings through process improvement and support for strategic decision making
  • Gain control of the inventory
  • Increase accountability to ensure compliance
  • Enhance performance of assets and the life cycle management
  • Improve Availability Time of the Business/Applications/Processes.