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ASTM International - ASTM E2221-02

Standard Practice for Administrative Control of Property (Withdrawn 2011)

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Organization: ASTM International
Publication Date: 10 July 2002
Status: inactive
Page Count: 2
ICS Code (Company organization and management in general): 03.100.01
significance And Use:

A physical inventory is a form of an assessment or audit. While inventories can take many forms, organizations should ensure that the information resulting from the inventory has a value to the... View More

scope:

1.1 This practice covers the management of administratively controlled movable, durable property.

1.2 Generally, organizations should establish and maintain control of such property inventories in a manner that will strike a balance between the costs of control and the risks of sustaining incidents of lost damaged or destroyed property.

1.3 The creation and maintenance of cost effective property management systems is of vital concern, and the costs of inventory control used to identify and locate property should be continually assessed against the physical inventory results.

1.4 The cost effective and timely identification and location of property assets is a critical economic factor in the success of any organization.

Document History

ASTM E2221-02
July 10, 2002
Standard Practice for Administrative Control of Property (Withdrawn 2011)
A physical inventory is a form of an assessment or audit. While inventories can take many forms, organizations should ensure that the information resulting from the inventory has a value to the...
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