For hardware inventory, the difficult question is where to draw the line between consumable equipment (which may only be tracked as a cost) and assets which are tracked and accounted for in a different way. Another consideration is whether the equipment has – or has the capability of having – licensed software installed on it.
Irrespective of equipment costs, the underlying software licence obligation is key in any scoping decision.
Keeping control can be a challenge, as is the ability to keep the inventory and software cross-reference up to date.
LOCS can help with defining the processes, selecting/customising audit tools and licence reconciliation as necessary.