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The Life-Cycle Approach: Smart IT Asset Management In an era of rising IT architectural complexity, IT asset management has been identified by groups such as Gartner Research as an absolutely crucial practice for businesses of all sizes. What is The Life-Cycle Approach? Best-practice IT asset management involves a full consideration of the complete life cycle of your business’s IT assets, a cycle that includes five distinct stages: planning, procurement, deployment, maintenance, and disposal. A well-considered life-cycle approach to IT asset acquisition and management can significantly reduce the total cost of ownership (TCO) of your company’s hardware, software, and total information infrastructure. By treating IT asset management as an ongoing process rather than an occasional task, IT professionals with a life-cycle perspective examine the total lifespan of their equipment, and make plans and allowances for each distinctive phase. TCO, Procurement, Disposal and Asset Recovery At Millennium Information Technologies, we are up to date on the issues faced by companies today concerning Procurement and Asset recovery. This process occurs during the first and last phase of an asset’s life cycle. MIT can supply your company with recertified or refurbished HP, SUN, CISCO and IBM hardware that will handle your company’s requirements while also optimizing your current IT assets at the end of their lifespan. Keeping a balance between these two phases will produce the most cost-effective method. At MIT we will assist you in identifying the value of your hardware and how you can reduce the TCO of your IT assets while increasing your company’s ROI.
