Storage Resource Management (SRM) refers to
software that manages
storage from a capacity, utilization, policy and event-management perspective. This includes bill-back, monitoring, reporting and analytic capabilities that allow you to
drill down for performance and availability.
Key elements of SRM include asset management, charge back, capacity management, configuration management, data and media migration, event management, performance and availability management, policy management, quota management, and media management. [Adapted from Bitpipe]