Businesses should take IT Asset Life Cycle Management seriously; doing so will save the organization money, time, and frustration over the projected life cycle of a piece of equipment.

Here are few reasons why the matter of IT asset management should be taken seriously:

• Reduce the level of asset theft / loss
• Reduce stock piling of equipment
• Eliminate random purchases
• Take advantage of corporate purchasing agreements
• Avoid lease penalties for non-return of equipment
• Get a handle of the vast array of different configurations that are in production
• Ensure software license compliance
• Restrict software deployment to those that actually need it
• Begin to leverage underutilized warranties
• Make better repair versus replace decisions
• Improve the accuracy of asset/component failure predictions
• Improve the utilization of high value assets and equipment
• Improve asset reliability
• Extend the useful life of their I.T. assets
• Safe and responsible disposal of I.T. assets