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Hardware Asset Management: Lifecycle, Steps to Implement, and More 

Written by Workwize Team | Mar 25, 2025 6:11:55 AM

In this age where cloud solutions and mobile apps dominate most of our day-to-day lives, it’s tempting to dismiss hardware as yesterday’s problem. 

But every swipe, scroll, and SaaS tool you rely on still runs on physical foundations.

The truth is that good hardware is the backbone of all functioning technology services. 

That’s why you need a process to manage the lifecycle of all your hardware assets efficiently. That’s where hardware asset management comes into the picture.

This article discusses hardware asset management and how to implement it in your organization.

TLDR: 

  • Hardware asset management, or HAM, is the process of managing the entire lifecycle of organizational physical assets like computers, routers, servers, etc. 

  • Management of hardware assets is a continuous process that starts even before the hardware is acquired and continues until its disposal. 

  • The smooth functioning of any modern organization depends on how effectively its operational hardware is managed. 

  • HAM even includes devices enrolled under BYOD and CYOD policies; basically, any device that is used in relation to your organization.

  • The lifecycle of hardware asset management has five phases: procurement, deployment, management, retrieval, and disposal. 

  • Workwize is the best platform you can invest in for comprehensive hardware asset management. It lets you procure, deploy, manage, retrieve, and dispose of assets all from a single console.