ASTM E2132-17 PDF

Scope: 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.

ASTM E2132-17 Referenced Document

ASTM E2131 Standard Practice for Addressing and Reporting Losses of Tangible Property*， 2022-08-01 Update
ASTM E2135 Standard Terminology for Property and Asset Management*， 2022-06-01 Update
ASTM E2499 Standard Practice for Classification of Asset Location Information*， 2018-07-01 Update
ASTM E2604 Standard Practice for Data Characteristics of Personal Property Asset Record*， 2024-04-21 Update
ASTM E2608 Standard Practice for Equipment Control Matrix (ECM)*， 2020-07-01 Update

2017 ASTM E2132-17 Standard Practice for Inventory Verification: Electronic and Physical Inventory of Assets
2011 ASTM E2132-11 Standard Practice for Inventory Verification: Electronic and Physical Inventory of Assets
2001 ASTM E2132-01(2007) Standard Practice for Physical Inventory of Durable, Moveable Property
2001 ASTM E2132-01 Standard Practice for Physical Inventory of Durable, Moveable Property