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Significance and Use
4.1 It is the intent of these principles to provide guidance for an efficient system to acknowledge custody of tangible assets through certification of receipt.
4.2 These principles allow for enhanced control of tangible asset movement within any organizational structure, including suppliers and alternate locations.
4.3 Use of this practice will provide an auditable document for proof of custody change.
1.1 This practice covers the process of receipt notification as a result of tangible asset movement. This practice provides further guidance in conjunction with Practice E2605.
1.2 The application of this practice should promote accurate visibility of tangible asset location and timely record updates.
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.
E2135 Terminology for Property and Asset Management
E2605 Practice for Receiving Assets
ICS Number Code 03.060 (Finances. Banking. Monetary systems. Insurance)
UNSPSC Code 80131801(Property management)
ASTM E2606-13, Standard Practice for Receipt Notification as a Result of Tangible Asset Movement, ASTM International, West Conshohocken, PA, 2013, www.astm.orgBack to Top