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What is Asset Lifecycle Management?

Asset Lifecycle Management is a component of Asset Management software that handles the entire lifecycle of assets—procurement, management, upgrades, and disposal. The software ensures both IT and non-IT assets are utilized efficiently from acquisition to disposal, all within a single system. Asset tracking provides up-to-date information on each asset's location, responsible party, and status with just a few clicks.

More about IT Asset Management  Go to all Asset Management features

Example of Asset Lifecycle Management in ALVAO

When a company acquires a new laptop, the system tracks its purchase, manages its usage and maintenance over time, schedules upgrades, and finally oversees its disposal when it's no longer needed.