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1) Physical spreadsheetsĪ basic ITAM system uses a physical spreadsheet to take inventory and manage assets. You can think about ITAM as having three levels, with level one being the least efficient and three being the most. This analysis determines how advanced your system is and how it can improve. The first step many businesses take when improving their hardware and software management systems is analyzing their current processes. The purpose of SAM is to help organizations to manage, monitor, control, and protect their nonphysical IT assets. Software asset management (SAM) is the process of managing the life cycles of software assets within an organization. Physical IT assets can include laptops, desktops, servers, workstations, and more.

Hardware asset management (HAM) is the process of managing the life cycles of physical IT assets within an organization. The two subdivisions of ITAM are hardware asset management and software asset management. IT asset management (ITAM) is a practice that collects contractual, financial, and inventory information that business leaders use to maximize the value of a technological asset.

Explore the world of ITAM by learning more about managing hardware & software assets. Vision networks announced that an ITAM program helps businesses save around 30% per asset within the first year of implementing the system. IT asset management (ITAM) allows businesses to maximize the value that is received from each asset, thus saving money, time, and other resources. Every IT asset provides value for a business.