This white paper explores the definition of IT asset management and the business case for developing an asset management program.  Motivations for developing a program are discussed, most notable being the development of a centralized repository for IT assets in preparation for developing a configuration management systems and a CMDB.  The paper lays our seven basic steps to developing an asset management system and discusses other advantages, including asset tracking, lifecycle asset management, improved procurement practices and cost savings on software and hardware licenses management.  Best of breed technology, and improved capabilities for asset management, including automated asset discovery, are also explored.

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