ASTM E2132 - 17 - Standard Practice for Inventory Verification: Electronic and Physical Inventory of Assets

ASTM E2132 - 17

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

Status : Current   Published : January 2017

Format
PDF

Format
HARDCOPY



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

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

1.3 The 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.

1.4 Inventory 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.




Standard NumberASTM E2132 - 17
TitleStandard Practice for Inventory Verification: Electronic and Physical Inventory of Assets
StatusCurrent
Publication Date01 January 2017
Normative References(Required to achieve compliance to this standard)No other standards are normatively referenced
Informative References(Provided for Information)No other standards are informatively referenced
Descriptors Asset, Asset management, Equipment, Inventory verification, Physical inventory, Verification
ICS13.120
PublisherASTM
FormatA4
DeliveryYes
Pages4
File Size70 KB
Price£36.00


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