This document discusses how organizations can implement Lean IT principles to optimize their use of IT assets and reduce costs through an IT Asset Management (ITAM) approach. Key points include: - IT assets account for a large percentage of enterprise costs and expenditures, with up to 20% spent on unused assets. - ITAM can help organizations gain visibility into their full IT asset portfolio, reduce waste by eliminating unused assets, and negotiate better software contracts and terms. - Studies show organizations can save 1-2% of their annual operating budgets and 10-20% on yearly software costs through improved ITAM practices.