Your understanding of Technology Expense Management (TEM) terminology begins here with Valicom.This TEM glossary explains the most common terms in simple, approachable language to help you understand, manage, & optimize your telecom environment.
IT Asset Management
Definition:
Tracking and managing IT resources, such as hardware, software, and telecom equipment, throughout their lifecycle. It optimizes usage, reduces costs, and ensures compliance with licensing and service agreements.
Usage Example:
IT asset management identified outdated telecom hardware, prompting cost-effective upgrades.
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