IT Asset Management (ITAM) integrates the physical, technological, contractual, and financial aspects of information technology assets. ITAM business practices have a common set of goals:
Control inventory that is purchased and used.
Reduce the cost of purchasing and managing assets.
Select the proper tools for managing assets.
Manage the asset life cycle from planning to disposal.
Achieve compliance with relevant standards and regulations.
Improve IT service to end users.
Create standards and processes for managing assets.