Tip of the Week: Tips to Help Manage Your IT Inventory Better


IT inventory management, also known as IT asset management or ITAM, is an important process for any business to undergo. This is effectively the process of ensuring that all of your information technology resources are accounted for and protected. Here, we’ve assembled some practices that will help make this process much simpler.

First, let’s delve into what ITAM actually covers.

Understanding ITAM

Consider all of the internal resources that your business uses, with the exception of your living, breathing employees. Everything that’s left can be considered an asset. ITAM narrows this down further into specifically the assets that pertain to your comprehensive IT infrastructure. This includes:

  • Hardware (like workstations, servers, printers, etc.)
  • Software (antivirus, productivity titles, etc.)
  • Any Peripherals (Keyboards, computer mice, other devices)

With these assets identified, ITAM assists you in tracking their purpose, how they interact, and other crucial details. This means, as you’ve likely realized, ITAM covers a considerable breadth of your resources, which makes it important that you keep it organized.

How ITAM Helps

A well-organized ITAM can help you save time and hassle by streamlining your processes, simply by keeping the data you need in a manageable and accessible record. As a result, you can make a variety of processes easier through improved data. This data can also help inform you of potential issues, or of the minimum requirements you have to meet to implement change.

Making the Most of ITAM

As promised, here are a few ways that you can optimize your use of IT asset management practices.

  • Make it a proactive process. Managing your technology assets needs to be something that you start before you are required to do so, and that isn’t abandoned after reaching a certain milestone. This will help keep you prepared for a wider range of circumstances.
  • Leverage automation. While Excel used to be an invaluable tool for asset management purposes, there are better options now that don’t require you to contend with spreadsheets that extend into the thousands of rows. Not only are automated solutions easier to manage, they come with a valuable set of added features to make your work life that much easier.
  • Track your assets. This one especially applies to your software. There is often a difference between what an agreement says can be deployed, and what can be deployed practically. Keeping your agreements and receipts helps you pass audits by proving compliance.

NuTech Services can assist you with your IT assets. To learn more, reach out to us at 810.230.9455.