Your understanding of Technology Expense Management (TEM) terminology begins here with Valicom.This TEM glossary explains the most common terms in simple, approachable language to help you understand, manage, & optimize your telecom environment.
Asset Management
Definition:
Tracking and maintaining devices, licenses, or services from purchase to retirement. It ensures resources are used efficiently, reducing waste and avoiding unnecessary costs.
Usage Example:
Asset management identified unused devices, saving monthly fees.
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