1.1 This practice calculates equipment movement velocity (EMV) based on the movement of equipment.
1.2 There is no existing, recognized practice for calculating EMV.
1.3 This practice is designed to be applicable and appropriate for all equipment-holding entities.
1.4 This practice does not cover material inventory. Inventory velocity (or inventory turns) is extensively described and discussed in supply chain literature and is based on throughput rather than movement transactions.
1.5 EMV can be calculated for the entirety of the equipment inventory of the entity or any defined subset, including individual items of equipment.
This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety and health practices and determine the applicability of regulatory limitations prior to use.
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