Recent research: The Value of Asset Management for IT Procurement Management
The Value of Asset Management for IT Procurement Management
Category(s): Software Development and Deployment
IT Procurement managers often find a discrepancy between the number of software licenses purchased by the organization and the number actually in use.
You want to pay for the just the right number of software licenses, not too few or too many. This goal is not as simple as it sounds; over procurement continues to be an on-going problem in many businesses. Maintaining dynamic insight into the availability and management of all IT assets, including software, has become increasingly challenging as these assets are recognized as a vital component of the business fabric. An IT Procurement manager who doesn’t have an accurate picture of software assets usage, is likely to buy more software licenses than the company needs. On the other hand, if there are not enough licenses, the company may be hampered in being able to complete a project on time. Software contracts are complex because they take into account the version of software, the maintenance of that software platform, the costs associated with the hardware configuration, and the number of users authorized to use that software. As the number of licenses and the complexity of those licenses increases, the traditional methods of manually keeping track of software licenses becomes unwieldy. Improving the management of your IT assets can help ensure your company is in compliance with contract requirements and that you are optimizing the use of the IT assets you are paying for.