Standard Practice for Inventory Verification: Electronic and Physical Inventory of Assets

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PDF

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English

Published date

01-01-2017

Publisher

American Society for Testing and Materials

CONTAINED IN VOL. 04.12, 2017 Defines inventory verification which includes either physically or electronically confirming the existence, location, and quantity of assets.

1.1This practice addresses inventory verification which includes either physically or electronically confirming the existence, location, and quantity of assets.

1.2Inventory verification is a key element in the asset management process.

1.3The appropriate level to track assets is best expressed in Practices E2499 and E2608. Different types of assets may be managed or tracked at different levels of control, as noted in Practice E2608. The location specificity required for an inventory verification should match the location specificity required by the entity’s asset management procedures or other controlling command media.

1.4Inventory verification requires proper planning and execution. Depending on the type and scope, the inventory verification can involve significant dedication of resources. Entities should ensure that the value earned from an inventory verification is equal to or greater than the costs of the dedication of resources.

Committee	E 53
DocumentType	Redline
Pages	5
PublisherName	American Society for Testing and Materials
Status	Current

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ASTM E 2675 : 2009 : R2014	Standard Practice for Property Management System Outcomes
UNE-ISO 55001:2015	Asset management. Management systems. Requirements.
ASTM E 2676:2009	Standard Practice for Tangible Property Mobility Index (MI)
ISO 55000:2014	Asset management Overview, principles and terminology

ASTM E 2604 : 2015 : REDLINE	Standard Practice for Data Characteristics of Equipment Asset Record
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ASTM E 2132 : 2017 : REDLINE

Standard Practice for Inventory Verification: Electronic and Physical Inventory of Assets

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