The document provides an overview of practical Service Asset and Configuration Management (SACM) based on real-world experience. It defines key SACM concepts, describes the roles and responsibilities in SACM, and how SACM interacts with other ITIL processes. It advocates for a practical approach to SACM that combines roles, outsources operations, and focuses on governance to provide benefits like lower costs and less barriers to implementation compared to a fully resourced SACM process. A case study of Toyota Motor Australia outlines challenges they faced after a cyber attack in rebuilding their configuration management database and understanding SACM's importance.