Managing IT Assets with IT Inventory Management Tools

9 November, 2024

Tracking and Managing IT Assets with IT Inventory Management Tools: Over the past few decades, IT inventory management tools have been the most in-demand due to several reasons. IT inventory management solutions are widely used to track and manage IT assets, including hardware, software, consumables, and licenses. These tools also deliver visibility into IT assets, reduce costs, improve compliance, and optimize resource utilization.

With the rise of IT inventory management tools, choosing the right IT inventory management tool is not an easy task for every user because there are many things to consider when deciding on IT inventory management solutions. This article explains the details of how IT inventory management tools are increasingly tracking and managing IT assets, including hardware, software, consumables, and licenses.

Here’s a comprehensive overview of IT inventory management tools, incorporating key features and examples:

What are IT inventory management tools?

IT Inventory management tools are designed to track and manage IT assets, including hardware, software, licenses, and consumables. They are excellent for providing visibility into IT assets, reducing costs, optimizing resource utilization, and improving compliance.

What Are The Key Features Of IT Inventory Management Tools?

IT inventory management tools are widely used to discover and track assets across multiple locations and networks automatically. Here are the most popular key features of IT inventory management solutions.

  • Asset discovery and tracking
  • Software license management
  • Integration with other systems
  • Purchase and procurement management
  • Reporting and analytics

Popular IT Inventory Management Tools

There are many popular IT inventory management tools for IT professionals. Here are some of them.

Lansweeper

Cost: Free with limited features

One of the most popular IT inventory management tools is the Lansweeper. It is the best IT inventory management tool to create a comprehensive inventory of a company’s IT assets. This iconic tool combines agent-based and agent-less asset scanting with credential-free device recognition technology.

Key-Features:

  • Passive IT Discovery
  • Automated Warranty Collection
  • Discovery Connectors
  • Credential-free Device Recognition
  • Cloud Discovery
  • Agent-based Scanning with LsAgent

Benefits:

  • Lansweeper provides a single source of truth about IT assets.
  • It lets you the total cost of ownership (TCO) of any IT assets.
  • It also ensures efficient use of IT assets.

ManageEngine AssetExplorer

Cost: $795 One Time

ManageEngine AssetExplorer is web-based IT inventory management software for many professionals. IT professionals use this tool to monitor and manage assets in their network from the planning phase to the Disposal phase. This software offers many ways to ensure the discovery of all assets in the network. Every user can manage and monitor software and hardware assets with a range of features. Also, it is easy to install for every user.

Key Features:

  • IT asset management
  • License management
  • Asset cost tracking
  • Asset life cycle
  • Compliance management
  • Asset tracking
  • CMDB
  • Manage hardware inventory

Benefits:

  • It helps users discover all their networks’ Windows, Linux, and macOS assets with the unified agent for asset discovery.
  • It helps users monitor and maintain software and hardware assets.
  • This tool is the best to track purchase orders and contracts.
  • It also manages the complete IT asset lifecycle.

ServiceNow IT Asset Management:

Cost: $1 per year per asset

This is popular IT inventory management software for many professionals. It offers core asset management capabilities to manage your infrastructure, operations, and field services. It also helps users optimize their IT spending by identifying unused or underutilized assets. If you are looking for the best IT inventory management tool for your business, consider choosing the ServiceNow IT Asset Management tool.

Key Features:

  • Asset inventory audit
  • Asset reservations
  • Hr asset onboarding
  • Contract management
  • Asset governance control

Benefits:

  • It manages and monitors all your hardware, software, and cloud IT assets.
  • It improves utilization, reduces risks, and increases productivity without losing assets.
  • This tool also enables users to track and manage software licenses effectively.

Freshservice Asset Management

Cost: Free with limited features

Freshservice Asset Management is a well-known IT inventory management tool for managing and monitoring all hardware and software assets. Its easy-to-use interface and strong integration with Freshservice ITSM make it a more popular IT inventory management tool compared to others.

Key Features:

  • Freshservice
  • Existing Users
  • Compare items
  • Mobile apps
  • SaaS management
  • Connect with us
  • Asset lifecycle management

Benefits:

  • It lets you maintain your repository of assets by creating a structure of asset types in your service desk.
  • This tool helps companies reduce costs, improve compliance, and enhance operational efficiency.
  • It enables companies to streamline their asset lifecycle processes, optimize asset utilization, and maintain an accurate inventory of assets.

Apart from these, there are many IT inventory management tools like Zoho Inventory, SolarWinds Web Help Desk, SolarWinds Web Help Desk, and Spiceworks.

Choosing the Perfect IT Inventory Management Tool

With the rise of several IT inventory management tools, choosing the right IT inventory management tool is not an easy task for everyone because there are many things when deciding on these tools. Here are the steps on how to choose the right IT inventory management tool.

  • First of all, consider the size and complexity of your IT environment.
  • After that, consider evaluating features, benefits, and integration capabilities.
  • Next, you need to determine your budget and deployment preferences.
  • At the end, research vendors and user reviews.

In Conclusion:

These are just examples of popular IT inventory management tools. These are well-known for their outstanding features and benefits. Any IT professional can check all the details of these tools and consider choosing one of them! It is recommended to check all aspects of the IT inventory management software before making decisions on them. To know more information about IT inventory management solutions, start an online search right now.