Standard Practice for Calculation of Asset Movement Velocity (AMV)
|Publication Date:||1 December 2011|
|ICS Code (Dividing and tool-workpiece holding devices):||25.060.20|
This practice calculates asset movement velocity (AMV) based on the movement of assets.
There is no existing, recognized practice for calculating AMV.
This practice is designed to be applicable and appropriate for all asset-holding entities.
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.
AMV can be calculated for the entirety of the asset inventory of the entity or any defined subset, including individual assets.
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.