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    Home New York IT Service Management IT Service Management Asset Management

    Asset Management

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    Asset Management

    The ServiceNow® Asset Management application integrates the physical, technological, contractual, and financial aspects of information technology assets.

    Asset management business practices have a common set of goals.
    • Control inventory that is purchased and used.
    • Reduce the cost of purchasing and managing assets.
    • Select the proper tools for managing assets.
    • Manage the asset life cycle from planning to disposal.
    • Achieve compliance with relevant standards and regulations.
    • Improve IT service to end users.
    • Create standards and processes for managing assets.

    Most successful ITAM programs involve a variety of people and departments, including IT, finance, services, and end users.

    Asset Management and the Configuration Management Database (CMDB) are related, but have different goals. Asset Management focuses on the financial tracking of company property. Configuration management focuses on building and maintaining elements that create an available network of services.

    • Asset Management Overview module

      The Asset Management Overview module displays widgets showing information such as configuration item by manufacturer, computers by manufacturer, configuration item types, and asset information for a specific vendor. It also includes a report widget showing pending asset retirements for the current week, month, and year.

    • Mobile for IT Asset Management

      With the Now Mobile and Agent mobile apps, view assets, report an incident against an asset, and match your asset to the source of purchase by scanning QR codes.

    • Asset information management

      Asset Management starts with finding out information about the assets your organization has.

    • Asset and CI management

      Asset and configuration item (CI) management refers to creating assets, setting appropriate states and substates, synchronizing assets and CIs, managing consumables, and retiring assets.

    • Asset classes

      The default asset classes are Hardware, Software License, and Consumable. These general classes can be used to manage a variety of assets.

    • Consumables life cycle

      Consumables are assets that are not tracked individually, but as a group of the same model.

    • Create fixed assets

      Fixed assets are containers that can hold multiple assets. Fixed assets are commonly tracked at the corporate level by a finance or accounting department, but may contain IT assets such as hardware and software.

    • Create pre-allocated assets

      A pre-allocated asset physically exists, but is not yet a financial liability.

    • Example Asset Management process

      The best method for managing assets depends on business needs and how your business is organized.

    • Transfer orders for Asset Management

      Transfer orders move assets between company stockrooms.

    • Create a transfer order for Asset Management

      Create a transfer order in order to transfer assets from one location to the other.

    • Transfer order line asset tracking

      As transfer order line actions are triggered, the stock information and states of any affected assets are updated. Consumables and non-consumables are tracked differently.

    • Stockrooms

      Stockrooms are places to which assets are assigned.

    • Stock rules

      Stock rules are defined criteria stating that when inventory of a particular asset in a particular stockroom reaches a specified threshold, a certain number should either be transferred from another stockroom or ordered from a vendor.

    • ITSM Software Asset Management

      The software asset management features of the ITSM suite can be activated using one of the plugins in the feature table.

    • Organization Management

      The Organization Management application provides an easy way to perform such asset management tasks as updating users and adding vendors.

    • Installed with Model Management

      Several types of components are installed with Model Management.

    • Installed with Asset Management

      A number of tables, user roles, UI policies, script includes, client scripts, and business rules are installed with Asset Management.

    • Domain separation and Asset Management

      This is an overview of domain separation and Asset Management. Domain separation enables you to separate data, processes, and administrative tasks into logical groupings called domains. You can then control several aspects of this separation, including which users can see and access data.

    • Contract Management

      Manage and track contracts with the ServiceNow® Contract Management application.

    • Procurement

      Procurement managers can use the ServiceNow® Procurement application to create purchase orders and to obtain items for fulfilling service catalog requests.

    • Product Catalog

      The product catalog is a set of information about individual models. Models are specific versions or various configurations of an asset. Asset managers use the product catalog as a centralized repository for model information.

    Related concepts
    • Domain separation and Asset Management

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    Release version
    Choose your release version

      Asset Management

      • Save as PDF Selected topic Topic & subtopics All topics in contents
      • Unsubscribe Log in to subscribe to topics and get notified when content changes.
      • Share this page

      Asset Management

      The ServiceNow® Asset Management application integrates the physical, technological, contractual, and financial aspects of information technology assets.

      Asset management business practices have a common set of goals.
      • Control inventory that is purchased and used.
      • Reduce the cost of purchasing and managing assets.
      • Select the proper tools for managing assets.
      • Manage the asset life cycle from planning to disposal.
      • Achieve compliance with relevant standards and regulations.
      • Improve IT service to end users.
      • Create standards and processes for managing assets.

      Most successful ITAM programs involve a variety of people and departments, including IT, finance, services, and end users.

      Asset Management and the Configuration Management Database (CMDB) are related, but have different goals. Asset Management focuses on the financial tracking of company property. Configuration management focuses on building and maintaining elements that create an available network of services.

      • Asset Management Overview module

        The Asset Management Overview module displays widgets showing information such as configuration item by manufacturer, computers by manufacturer, configuration item types, and asset information for a specific vendor. It also includes a report widget showing pending asset retirements for the current week, month, and year.

      • Mobile for IT Asset Management

        With the Now Mobile and Agent mobile apps, view assets, report an incident against an asset, and match your asset to the source of purchase by scanning QR codes.

      • Asset information management

        Asset Management starts with finding out information about the assets your organization has.

      • Asset and CI management

        Asset and configuration item (CI) management refers to creating assets, setting appropriate states and substates, synchronizing assets and CIs, managing consumables, and retiring assets.

      • Asset classes

        The default asset classes are Hardware, Software License, and Consumable. These general classes can be used to manage a variety of assets.

      • Consumables life cycle

        Consumables are assets that are not tracked individually, but as a group of the same model.

      • Create fixed assets

        Fixed assets are containers that can hold multiple assets. Fixed assets are commonly tracked at the corporate level by a finance or accounting department, but may contain IT assets such as hardware and software.

      • Create pre-allocated assets

        A pre-allocated asset physically exists, but is not yet a financial liability.

      • Example Asset Management process

        The best method for managing assets depends on business needs and how your business is organized.

      • Transfer orders for Asset Management

        Transfer orders move assets between company stockrooms.

      • Create a transfer order for Asset Management

        Create a transfer order in order to transfer assets from one location to the other.

      • Transfer order line asset tracking

        As transfer order line actions are triggered, the stock information and states of any affected assets are updated. Consumables and non-consumables are tracked differently.

      • Stockrooms

        Stockrooms are places to which assets are assigned.

      • Stock rules

        Stock rules are defined criteria stating that when inventory of a particular asset in a particular stockroom reaches a specified threshold, a certain number should either be transferred from another stockroom or ordered from a vendor.

      • ITSM Software Asset Management

        The software asset management features of the ITSM suite can be activated using one of the plugins in the feature table.

      • Organization Management

        The Organization Management application provides an easy way to perform such asset management tasks as updating users and adding vendors.

      • Installed with Model Management

        Several types of components are installed with Model Management.

      • Installed with Asset Management

        A number of tables, user roles, UI policies, script includes, client scripts, and business rules are installed with Asset Management.

      • Domain separation and Asset Management

        This is an overview of domain separation and Asset Management. Domain separation enables you to separate data, processes, and administrative tasks into logical groupings called domains. You can then control several aspects of this separation, including which users can see and access data.

      • Contract Management

        Manage and track contracts with the ServiceNow® Contract Management application.

      • Procurement

        Procurement managers can use the ServiceNow® Procurement application to create purchase orders and to obtain items for fulfilling service catalog requests.

      • Product Catalog

        The product catalog is a set of information about individual models. Models are specific versions or various configurations of an asset. Asset managers use the product catalog as a centralized repository for model information.

      Related concepts
      • Domain separation and Asset Management

      Tags:

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