Managing hardware and software assets is a crucial responsibility for IT teams. To do this efficiently, they use inventory management tools. These tools help IT professionals keep track of their assets by automating the asset discovery process. Then, they provide a complete overview of hardware and software assets across the network. This includes location and status.   With inventory management tools, IT teams can optimize asset usage. Next, they can quickly identify devices that need maintenance or updates. By using these tools, IT teams can streamline asset management. Thus, reducing the required manual effort and ensuring their assets are properly managed and utilized.