Inventory Management in IT

Inventory management in IT refers to the process of tracking and managing physical and digital assets, such as hardware, software, and licenses. It ensures that the right quantity of resources is available when needed, optimizing costs and preventing shortages or overstock. This involves monitoring equipment like servers and computers, managing software licenses, and ensuring compliance with regulations. Effective inventory management helps organizations maintain operational efficiency, reduce waste, and support decision-making regarding upgrades and purchases, ultimately contributing to smoother IT operations and better service delivery.