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Significance and Use
Provide for the physical protection and control of moveable property in storage/warehouse locations, and ensure best value while avoiding undue risk.
This practice establishes a standard approach to storage and warehousing of moveable property.
It is the intent of this practice to provide guidance for an effective and efficient system in the storage of moveable property. Entities adopting this practice shall establish entity specific policies or procedures, or both, implementing this practice.
1.1 This practice defines the physical protection and control of moveable property in storage locations.
1.2 Generally, organizations should establish and maintain control of moveable property through means of storage in a manner that will strike a balance between cost of storage and the degree of protection necessary to mitigate the risk of loss, damage, or destruction.
1.3 This practice covers moveable property as defined in Terminology E 2135
1.4 This practice is applicable and appropriate for all moveable property-holding entities as defined in Practice E 2499
1.5 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
E2221 Practice for Administrative Control of Property
E2499 Practice for Classification of Asset Physical Location Information
ICS Number Code 55.220 (Storing. Warehousing)