IT Asset Management (ITAM)

What actually is IT Asset Management (ITAM)?

IT asset management is the process of tracking and managing all the tech devices a company owns, like laptops, monitors, phones, and accessories, through their entire lifecycle. That includes buying, assigning, maintaining, and eventually retiring or reusing equipment.

IT asset management is all about keeping a close eye on your tech from procurement through disposal to cut waste, control costs, and maximize use. It can cover everything from smartphones and routers to laptops and MacBooks and makes sure your resources match your needs.

Where some companies are still using legacy systems and even spreadsheets to track their IT assets, others are moving to modern IT asset management platforms. The best offer automations and IT procurement built-in. Meaning that IT managers can purchase hardware for employees even if they’re being hired on the other side of the world.

IT asset management is often an overlooked part of the IT manager’s job. It might be considered to be boring or implicit but in fact it can be used as a strategy for employee retention, cost savings and company security. With remote onboarding on the rise, proactive IT asset management means that new employees can be onboarded on day one with fully functioning IT equipment even if you’ve hired them in Alaska or Argentina.

On the other hand, proactive and just-in-case IT procurement strategies mean that companies can purchase and store IT equipment in global warehouses at the best prices ready for deployment as soon as a new employee starts. Finally, proper IT asset tracking means better security all round. There’s nothing worse for an IT team or an audit than a misplaced laptop somewhere around the world.

If you’re interested in finding out how Dots IT asset management software can serve you, book a free demo today!