One of the most fundamental, yet often overlooked, components of an operator’s network management toolkit is network inventory. As service providers strive to stay ahead of the competition and deliver high-quality services, utilizing best-in-class network inventory management software is key to success. After all, network inventory management can affect the performance of the entire network operations system stack.
As discussed in the blog post “The Strategic Advantage of Utilizing a Modern Network Inventory Management Solution,” the challenges and limitations of legacy inventory solutions highlight the urgent need for modern inventory solutions that can meet the complex demands of today’s networks and workflows.
Our white paper “Network Inventory Management Software: How to Pick the Right Solution” explains how cutting-edge inventory solutions, such as FNT Command, meet these demands.
New Requirements, New Software Demands
Traditional workflows, for example, should be supported in a modern solution, however, the way in which they are supported must evolve. For example, resource allocation for virtualized networks, long-lasting or transitory asset lifecycles, and network and service health that can be modified dynamically should all be supported. This is all driven by the need for a dynamic inventory. To improve operational efficiency, Closed-Loop Automations should be built around the traditional workflows indicated above. Additionally, a modern solution must flexibly adapt to not only manage traditional network resources such as physical network devices and passive network infrastructure, but also to manage modern hybrid infrastructure of any size or scale.
Implementing the right solution with the features and functionality listed above can deliver many benefits including improved visibility, faster provisioning, enhanced network performance, and cost savings. Network inventory management also enables data-driven decision making and future-proofs operations. Let’s take a closer look:
Improved Visibility and Provisioning: A modern network inventory management system offers real-time visibility of network assets and resources. This enhanced visibility enables faster and more accurate provisioning of services, resulting in improved operational efficiency and customer satisfaction. With comprehensive information about network components and their status, service providers can streamline their operations and minimize service disruptions.
Enhanced Network Performance and Reliability: Optimized network inventory solutions contribute to improved network performance and reliability. By effectively managing network assets, service providers can identify and address bottlenecks, optimize capacity, and ensure efficient resource allocation. This proactive approach helps maintain a high-quality network experience for customers, minimizing downtime and enhancing overall reliability.
Cost Savings and Efficiency: An optimized network inventory solution ensures that resources are efficiently allocated and utilized. Such a solution also reduces downtime by facilitating faster service turn-up and enhancing maintenance processes. These cost-saving measures contribute to improved profitability and operational efficiency for service providers.
Data-Driven Decision Making: By leveraging the wealth of information available in the inventory system, service providers can make informed, data-driven decisions. This includes optimizing network investments, identifying areas for improvement, and capitalizing on emerging opportunities. Data analytics enable service providers to stay ahead of the competition and adapt to evolving customer needs.
Download our white paper “Network Inventory Management Software” to learn how to choose the right network inventory management solution for your needs.