Hardware Asset Management Software

Hardware asset management covers the business processes carried out to create inventories, follow the warranty and maintenance dates, and evaluate their cost and efficiency of the hardware assets owned by the enterprise. The scope of hardware asset management may differ from business to business. While some businesses only handle the management of IT equipment, some businesses may manage all equipment in the company.

Some of the assets managed under hardware asset management are:

Computer, printer, phone, tablet, notebook, network, handheld terminals, server, monitor, keyboard, mouse...

As businesses grow, they increase their inventory by purchasing new assets. As the number of assets in business inventory increases day by day, the necessity of monitoring and controlling these assets arises. Otherwise, assets may be lost and retired assets may still continue to cost companies.

Hardware asset management makes the hardware inventories of the enterprise more visible with a holistic management approach. Thus, businesses can easily view which assets they own, the locations, the costs and the life cycles of these assets.

Implementing Hardware Asset Management has several benefits for businesses. Some of them are listed below:

• Hardware asset management facilitates in optimizing the cost of ownership.
• The lifecycle of hardware assets can be extended through repair and maintenance.
• New hardware purchases can be delayed with the help of extending the life cycle of existing hardware assets.
• New hardware purchases can be planned in advance and hence, a large amount of money is not required to spend at one time. This can reduce the risk of investment and improve cash flow.
• Hardware asset management helps in achieving optimum levels of utilization. For example, if there are high CPU utilization and low memory utilization, then the company can purchase more memory for reducing the memory backlogs instead of purchasing new CPUs.
• Hardware asset management helps in identifying underutilized hardware assets so that they can be redeployed or removed from service.

Hardware asset management software is a solution developed for businesses to manage their HAM processes more effectively. The software centralizes hardware inventory management processes, enabling them to be managed and monitored on a single platform.