Effective IT asset lifecycle management (ALM) is essential for optimizing resources and maximizing returns on IT investments. From procurement and deployment to maintenance and eventual disposal, businesses need a structured approach to manage IT assets efficiently. ALM helps organizations track hardware and software usage, minimize downtime, and ensure compliance with security and regulatory standards. Proper asset management also plays a key role in reducing operational costs, improving sustainability, and streamlining upgrades. By implementing a strategic ALM framework, businesses can enhance productivity and drive long-term cost savings.