Making ad hoc purchases:

This is one of the common mistakes seen in any company. Enterprises often allow employees to make ad hoc purchases, which usually end up in wastage of money. Companies need to stop buying software in a piecemeal fashion and go for volume purchase agreement, which obviously is more cost effective.

Not tracking installation and use:

Another common mistake is not keeping track of software and its usage across the company premise. By tracking installations and usage, companies might be able to considerably reduce ongoing maintenance payments, since most applications may not be in use or they are no longer supported by the vendor. The best example is a recent incident in a major IT company, where they decided to go for a track checking and found thousands of invalid software and licenses. As a result, the company was able to save more than $1.2 million.

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