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Every asset has a lifecycle. The key to effective IT asset management is knowing precisely where a particular asset is in its lifecycle - at any given moment - and whether it is providing its intended value. If you know the current state of an asset, then you can intelligently plan IT updates/replacements and budgets as well as installations, changes and procurement activities.
The best tool to help you physically account for your organization's critical assets and ensure their effective use is LANDesk Asset Lifecycle Manager.