SummitAI Asset Management

Owned by Chilukuri Srinivasa Reddy (Unlicensed)
Last updated: Apr 23, 2024 by Mayuresh Balaji Kamble (Unlicensed)Version comment
2 min read

What is SummitAI Asset Management?

SummitAI Asset Management module is a solution that helps organizations to manage cost, mitigate risk, compliance, and improve return on investments with an operational approach and increase efficiency by helping to manage IT Assets across the entire Asset Life Cycle from planning, requisitioning, allocation, retirement, and disposal. 

SummitAI Asset Management is a multi-tenant system,which enables the enterprises to manage Assets across tenants and it can also be used to manage IT and Non-IT Assets, such as tables, chairs, shop floors Assets through the entire Asset Life Cycle Management including depreciation of the Assets.

Asset Life Cycle Management

The SummitAI Asset Management module makes it easier to handle the complete life cycle of an Asset, that is, all the stages from Procurement to Disposal. It helps in managing Assets purchased through Purchase Order Management and tracking the complete hardware and software inventory of these Assets.


Figure:  Asset Life Cycle 

It manages the Asset deployment, specifications, monitoring and calibration, costing, and tracking from a single system. It plans the inventory to meet the requirements more accurately by making the right parts available at the right location, when required.

The following features are part of the Asset Life Cycle Management:

Management of IT and Non-IT Assets

  • IT Asset Management: Multi-company and multi-site management of workstations (personal computers, laptops, PDA, terminals, workstations, X terminals), servers, network devices (hub, router, etc.), peripherals (printer, scanner, etc.), internal components (processor, extension card, mass storage device, etc.), and software licenses. For more information about SummitAI IT Asset Management (ITAM), see SummitAI IT Asset Management.

  • Non-IT Asset Management: Furniture, phone equipment, office equipment, security, vehicles, etc.