Software Inventory Management

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What Does Software Inventory Management Mean?

Software inventory management is the process of keeping a record of all the software and applications used within an IT environment.

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It is a part of IT asset management that enables the recording of type, size, data, vendor and other related data of software installations.

Techopedia Explains Software Inventory Management

Software inventory management processes usually include:

  • Keeping a record of the quantity of software or applications installed, installation date, size, etc.
  • Type of software installed or deployed within the IT infrastructure such as billing, payroll, CRM, etc.
  • Expiry and license renewal dates
  • Software update cycle (when was the software last updated and when is the next update due)

Software inventory management is also used as a means to calculate the software’s monetary worth and impact on business.

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Margaret Rouse
Technology expert
Margaret Rouse
Technology expert

Margaret is an award-winning writer and educator known for her ability to explain complex technical topics to a non-technical business audience. Over the past twenty years, her IT definitions have been published by Que in an encyclopedia of technology terms and cited in articles in the New York Times, Time Magazine, USA Today, ZDNet, PC Magazine, and Discovery Magazine. She joined Techopedia in 2011. Margaret’s idea of ​​a fun day is to help IT and business professionals to learn to speak each other’s highly specialized languages.