IT Asset Inventory Tracking and Management

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As organizations heavily transitioned IT equipment in the early 1990s from a mainframe to a distributed network environment, Duff & Phelps became a pioneer in IT asset inventory tracking and management. The asset proliferation occurred throughout enterprises and across global locations creating a significant tracking and management challenge.

To address the significant gaps in asset visibility, Duff & Phelps developed industry leading IT asset inventory tracking and management services that deliver superior quality in a concise timeframe, with minimal disruption to clients’ operating environments. Our experience encompasses over 1,200 engagements and millions of assets inventoried. Our high-quality IT asset inventory data allows clients to improve asset tracking, effectively manage the total cost of technology ownership and efficiently perform inventory audit requirements.

Our services include:

  • Comprehensive and customized project planning utilizing Project Management Professional (PMP®) methodologies;
  • Utilization of tablet technology with our Inventory Reconciliation Insurance Solution (IRIS) inventory software to optimize data integrity;
  • Off-site quality assurance to review every record and validate accuracy;
  • Data delivered in the layout required to populate an IT asset management (ITAM) database or other systems;
  • Reconciliation services to validate the effectiveness of asset tracking procedures (lease files, financial records, software licenses, etc.); and
  • Dynamic barcode inventory methodologies and/or RFID tagging solutions.

Following best practices, we deliver accurate, complete and standardized baseline inventory data. We also associate the data to a unique asset tag number (barcode, RFID, etc.) to ensure a fundamentally sound asset tracking foundation. The results provide support for:

  • Aligning IT asset investment to global business goals;
  • Increasing quality of life-cycle ITAM processes from procurement or lease to retirement;
  • Lowering IT operating costs associated with upgrades, maintenance and more;
  • Improving the utilization of internal resources for higher-end initiatives;
  • Implementing better security protocols around hardware, software and data; and
  • Capital budgeting/forecasting, audit and SOX compliance.
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