EAM/ITAM
Enterprise Asset Management (EAM) can be defined as a systematic, logical process of maintaining, upgrading, and operating physical assets in the most cost-effective manner for a particular organisation.
It combines engineering principles (in the case of EAM) with sound business practices and economic theory. It also provides tools to facilitate a more organised, logical approach to decision-making.
As such Asset Management therefore provides a frame work for handling both short and long-range planning processes for any given organisation. These same principles can also be applied to IT Asset Management.
The benefits of adopting such practices are
Improved return on assets. Decreased costs and risk. Increased productivity. Improved asset-related decision making. Increase asset service delivery responsiveness and revenue. Improved regulatory compliance efforts. Reduced total cost of ownership.
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