What Are The Essential Steps Involved in ITAM Process?

With the right IT asset management team, your business can stay reliable and cost-efficient. Companies can save up to 30% with an effective ITAM Process. In the coming business years, you can enjoy a great success rate. However, the foremost important thing is understanding the essential steps in the ITAM. Let’s check them out briefly. 

*Asset Discovery

When you manually manage the IT assets in your inventory, it can lead to increased human error, more time-consuming, and highly expensive. With the best ITAM methods, businesses can discover the latest software content, and it can automatically be added to the inventory. The automated systems will discover new applications easily and detect unauthorized software.

* Tracking Complete IT Asset Lifecycle

The essential ITAM process is the lifecycle tracking of assets. It will include the following things.

* Employees request a new asset

* Approval of the asset request from the managerial team

* Asset acquiring 

* Timely maintenance, updates, servicing, and repairs 

* Asset retirement 

* Tracking Software and Hardware Metrics

If you want to effectively manage the IT assets, your ITAM team must track the metrics. Based on your business nature, you might own various software and hardware assets. Eventually, you must decide the KPIs to prioritize. 

Here is the list of metrics to track.

* A total number of IT assets operated. 

* Maintenance costs

* Software licenses, both underused and overused 

* Expired warranties

These are the list of essential ITAM process involved in asset management. To know more about the process in detail, get in touch with Boerger Consulting.