Asset Tracking and Software Asset Management Service Management Test Kit (Publication Date: 2024/02)


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Discover Insights, Make Informed Decisions, and Stay Ahead of the Curve:

  • Are you tracking the effectiveness of your response to the human rights impacts identified?
  • What tracking needs do you have outside of the common acquisition, movement and consumption of items?
  • Are vulnerability monitoring, risk assessment, patching and asset tracking undertaken?
  • Key Features:

    • Comprehensive set of 1543 prioritized Asset Tracking requirements.
    • Extensive coverage of 131 Asset Tracking topic scopes.
    • In-depth analysis of 131 Asset Tracking step-by-step solutions, benefits, BHAGs.
    • Detailed examination of 131 Asset Tracking case studies and use cases.

    • Digital download upon purchase.
    • Enjoy lifetime document updates included with your purchase.
    • Benefit from a fully editable and customizable Excel format.
    • Trusted and utilized by over 10,000 organizations.

    • Covering: Cost Optimization, Project Management Software, Virtual Asset Management, Software Usage, License Management, ITAM Software, System Customization, SAM Policy, Market Analysis Tools, Cost Allocation, Information Technology, Software Deployment, Vendor Audits, Infrastructure Asset Management, Vendor Negotiations, Patch Support, Tracking Compliance, It Like, Licensing Metrics, Software Inventory, Cost Reduction, License Fees, Software Licensing, Asset Auditing, Flowchart Software, Software Portfolios, Asset Finance, Contract Reviews, Contract Management, Asset Tagging, Licensing Specialist, Software Purchases, License Compliance Tools, Supply Chain Management, Risk Assessment, Supplier Service Compliance, Software Updates, Asset Rationalization, License Optimization, License Agreements, Contract Negotiation, License Usage, SAM Tools, License Cost Management, Asset Management Program, Contract Expiration, License Entitlements, Software Consolidation, Obsolete Software, License Governance, Software Compliance, Asset Optimization Software, Software Expiration, Hardware Assets, Software Compliance Training, Virtualization Software, Risk Tolerance Levels, Software Asset Management, Software Evaluation, Revenue Leakage, Asset Optimization, Future Prospects, Vendor Contracts, Expense Software, License Transfers, Incident Management, Asset Compliance, Asset Tracking, License Metering, License Renewals, License Reconciliation, Asset Ownership, License Audits, Renewal Tracking, Software Maintenance, License Revocation, Asset Upgrades, License Tracking Tools, Virtual Machine Licensing, Data Driven Decision Making, Software Upgrades, Asset Lifecycle, Risk Management, SaaS Subscriptions, Audit Preparation, Mobile Device Management, AM Tools, Service History Management, IT Asset Management, Capacity Management Tools, Software Documentation, Software Expiry, Software Replacements, Contract Renewal, Cloud Licensing, Change Management Model, Usage Monitoring, Software Procurement, License Management System, Risk Management Service Asset Management, Online Safety, Software Contracts, Software Lifecycle, ERP Management Experience, Asset Identification Tags, Maintenance Contracts, Asset Management Strategy, Vendor Management, Disaster Recovery, Inventory Analysis, ITAM Integration, License Support, Staffing Considerations, ITSM, Asset Retirement, Compliance Review, Asset Discovery, License Tracking, Asset Disposal, Application Packaging, Software Budgeting, Hardware Asset Management, End Of Life Software, License Compliance, Compliance Reporting, License Migration, Software Applications, Software Retirement, Secure Software Management, Strategic Enhancement, Asset Valuation

    Asset Tracking Assessment Service Management Test Kit – Utilization, Solutions, Advantages, BHAG (Big Hairy Audacious Goal):

    Asset Tracking

    Asset tracking involves monitoring the success of initiatives addressing human rights violations.

    1. Implement a centralized software inventory system to track all software assets for accurate reporting and tracking.

    Benefit: Ensures compliance and saves time and resources by providing a clear overview of all software assets.

    2. Conduct regular audits to identify unauthorized or unlicensed software for immediate remediation.

    Benefit: Reduces legal and financial risks associated with unlicensed software, ensuring all software is accounted for and properly licensed.

    3. Utilize software metering tools to track usage and optimize software utilization and costs.

    Benefit: Provides insight into which software is being used and allows for better decision-making on software purchases and renewals.

    4. Implement a proactive software retirement plan to ensure outdated and unused software is properly removed from the system.

    Benefit: Reduces unnecessary costs by eliminating software that is no longer in use, freeing up licenses for redistribution to areas where they are needed.

    5. Consider using a cloud-based Software Asset Management (SAM) tool to streamline and automate processes, improving accuracy and efficiency.

    Benefit: Allows for real-time tracking and management of software assets, reducing manual errors and providing more accurate data for reporting and compliance.

    6. Include software asset management in your organization′s procurement process to ensure new software purchases align with budget and needs.

    Benefit: Helps prevent overspending on unnecessary software and ensures budget resources are allocated effectively.

    7. Train employees on proper software asset management practices to increase awareness and compliance.

    Benefit: Reduces the risk of unauthorized software being installed and used, ensuring all software assets are properly managed and accounted for.

    CONTROL QUESTION: Are you tracking the effectiveness of the response to the human rights impacts identified?

    Big Hairy Audacious Goal (BHAG) for 10 years from now:

    Our big hairy audacious goal for Asset Tracking in 2030 is to have a comprehensive and globally recognized system in place that effectively tracks the response to human rights impacts in all industries and sectors.

    This system will utilize advanced technology such as artificial intelligence, blockchain, and big data analytics to accurately identify and monitor human rights impacts throughout the supply chain. It will also involve collaboration with key stakeholders, including governments, corporations, NGOs, and local communities.

    Through this system, all companies will be held accountable for their actions and responsible for addressing any human rights issues that arise. This will lead to greater transparency, fairness, and protection of human rights globally.

    In 10 years, we envision a world where every person′s human rights are respected and upheld, and where businesses are proactive in addressing any potential impacts on human rights. Our goal is not only to track these impacts, but also to see real progress and positive change in human rights practices across all industries.

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    Asset Tracking Case Study/Use Case example – How to use:


    The client, a multinational corporation specialized in manufacturing consumer goods, was facing increasing pressure from stakeholders and consumers to address and mitigate potential human rights impacts within their operations and supply chain. This stemmed from reports and investigations revealing instances of labor exploitation, unsafe working conditions, and child labor in their supply chain. In response to this issue, the company decided to implement an asset tracking system to track and monitor their response to identified human rights impacts.

    Consulting Methodology:

    The consulting firm proposed a three-phased approach to implementing the asset tracking system:

    1. Gap Analysis and Identification of Key Human Rights Impacts:
    The first phase involved conducting a gap analysis to determine the current state of the company′s human rights practices. This involved reviewing policies, procedures, and practices related to human rights, conducting interviews with key personnel, and mapping out the supply chain. The aim was to identify potential gaps and risks in the company′s human rights management system. Based on this analysis, key human rights impacts were identified, and a prioritization matrix was developed to determine the most critical areas of focus.

    2. Development and Implementation of Asset Tracking System:
    In the second phase, the consulting team worked closely with the company′s IT department to develop and implement an asset tracking system tailored to their specific human rights impacts. The system was designed to capture data in real-time, from various sources such as employee surveys, supplier assessments, and audit reports. It also included a dashboard with visual representations of data to enable easier analysis and reporting.

    3. Monitoring and Continuous Improvement:
    The final phase focused on monitoring the effectiveness of the response to the identified human rights impacts. The consulting team worked closely with the company′s sustainability team to analyze the data captured by the asset tracking system and provide recommendations for continuous improvement. Regular monitoring was also conducted to ensure the system was being used effectively and to identify any new or emerging human rights risks.


    – Gap analysis report highlighting potential gaps and risks in the company′s human rights practices
    – Prioritization matrix to identify key human rights impacts to be tracked
    – Asset tracking system tailored to the company′s specific human rights impacts
    – Dashboard with visual representations of data for easier analysis and reporting
    – Recommendations for continuous improvement based on monitoring and analysis of data.

    Implementation Challenges:

    The implementation of the asset tracking system faced several challenges, including resistance from some departments within the company, limited resources and budget, and lack of data and information management systems. To overcome these challenges, the consulting team worked closely with the sustainability team to provide training and support on using the asset tracking system, secure additional funding, and develop data management protocols.


    – Number of human rights impacts identified and tracked
    – Percentage improvement in labor practices within the company′s operations and supply chain
    – Percentage reduction in supply chain risks related to human rights impacts
    – Number of grievances and complaints related to human rights impacts resolved
    – Supplier performance ratings on human rights management practices.

    Management Considerations:

    Effective management and monitoring of the asset tracking system were crucial to the success of the project. The consulting team recommended regular reporting and review meetings with key stakeholders, and the establishment of a dedicated team to oversee the system and manage data. It was also essential to ensure transparency and accountability within the company by making the data and reports accessible to stakeholders, including employees, investors, and NGOs.


    – Implementing an Effective Human Rights Due Diligence Process in Global Supply Chains, BSR (2015)
    – The Business Case for Human Rights: Lessons Learned and Looking Forward, Harvard Kennedy School (2016)
    – Achieving Responsible Supply Chain Management through Asset Tracking, Frost & Sullivan (2018)
    – Human Rights and Supply Chain Management, Journal of Business Ethics (2015)
    – The Growing Importance of Measuring and Managing Human Rights Impacts for Companies, Boston College Center for Corporate Citizenship (2018).

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