It is the intent of these principles to provide guidance for an efficient system to acknowledge custody of tangible property through certification of receipt.

These principles allow for better control of tangible property movement within any organizational structure, including suppliers and alternate locations.

Use of this practice will provide an auditable document for proof of custody change.

1. Scope

1.1 This practice covers the process of receipt notification as a result of tangible property movement.

1.2 The application of this practice should promote accurate visibility of tangible property location.

1.3 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.

2. Referenced Documents (purchase separately) The documents listed below are referenced within the subject standard but are not provided as part of the standard.

ASTM Standards

E2135 Terminology for Property and Asset Management

Keywords

custodian; movement; notification; receipt; receiving; suppliers; tangible property;

ICS Code

ICS Number Code 03.060 (Finances. Banking. Monetary systems. Insurance)

Citing ASTM Standards

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