A thorough SAM strategy is vital for business continuity. The problem is that there are many fundamental challenges to good SAM, and many strategies only focus on a limited part of the software lifecycle.
In many organizations, a SAM program will primarily focus on balancing the number of software licenses with the number used by the organization or ensuring that the software is in compliance with the specific vendor license agreement. However, this is usually done on an ad hoc basis or in response to an external demand like an audit or software renewal.
Instead, a good SAM strategy should be expanded to a full-fledged Digital Supply Chain (DSC) that leverages digitization and data transparency to optimize operations across the entire software lifecycle.
A standardized DSC digitizes, enriches, and maintains data records in defined systems. This actionable data can then be leveraged for SAM, procurement, cost reduction, workload prioritization, and beyond.
This takes SAM beyond compliance, leading to greater efficiencies across the organization in terms of spend and data transparency while ensuring that legal and compliance teams have the confidence that the new technologies entering their environment have been sufficiently reviewed.