Asset Lifecycle Management Best Practices
Information Technology Asset Management (or ITAM) is a predetermined set of practices employed by a business to support strategic decision making and improving spending within the current IT infrastructure. A sound plan and streamlined procedures are imperative to tracking and managing all the IT-related assets. ITAM is necessary to cut down additional maintenance costs, improve efficiency, reduce security risks, be ready for audits and maintain optimum inventory levels. This, in turn, helps other Information Technology Infrastructure Library (ITIL) processes by increasing their efficiency, working out perfect budgets and making the best purchase decisions.