Hardware Asset Management (HAM) covers the management of physical components as well as networks starting from procurement to the retirement of an asset. HAM processes need to be incorporated in organizations' routine and aligned with other IT processes for the most effective result. Hardware needs proper management just like software, assets should be properly maintained from the moment of request till retirement. And it won't only save the money, but will definitely have an impact on how much time will be needed to fix any hardware issues.
Lifecycle of Hardware
Hardware asset management may need a slightly different approach than software one, but it is still equally important. The main stages of a hardware assets life cycle are:
- Hardware Request
- Use (Any issues? Needs upgrade? Accidental damages)
- Storage/Not in use
- End of warranty or maintenance
The disposal stage doesn't have to be wasteful - depending on your country there are various ways to dispose of old hardware in an environmentally friendly way. Some businesses will buy old hardware from an organization and resell them as ‘refurbished’. Hardware can also be properly recycled, given to charity or to a school, depending on its current state.