Software Inventory Management

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

Margaret Rouse is an award-winning technical writer and teacher known for her ability to explain complex technical subjects to a non-technical, business audience. Over the past twenty years her explanations have appeared on TechTarget websites and she's been cited as an authority in articles by the New York Times, Time Magazine, USA Today, ZDNet, PC Magazine and Discovery Magazine.Margaret's idea of a fun day is helping IT and business professionals learn to speak each other’s highly specialized languages. If you have a suggestion for a new definition or how to improve a technical explanation, please email Margaret or contact her…