Many companies have begun to recognize the importance of having an IT asset management (ITAM) process in place for software asset management (SAM), employing techniques like license harvesting to reduce unnecessary company spending. However, hardware asset management (HAM) is still often overlooked. This is a costly mistake, as tracking the end-of-life data of hardware assets will help companies plan ahead, save money, and increase productivity. When it comes to ITAM, hardware asset management goes hand-in-hand with SAM. Any new software needs supported, maintained hardware in order to function correctly. Therefore, it is imperative that all asset management plans include a way to manage the lifecycle of your hardware assets.