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Description of ASTM-E2497 2011ASTM E2497 - 11Standard Practice for Calculation of Asset Movement Velocity (AMV)Active Standard ASTM E2497 | Developed by Subcommittee: E53.01 Book of Standards Volume: 04.12 ASTM E2497Significance and Use
This practice establishes a standard calculation representing the operational fluidity of assets used by an entity. It is intended that this practice foster and enable additional practices related to or based on AMV information. This practice enables effective and consistent communication and trend tracking over time regarding AMV. Calculating, recording, tracking, and comparing the computed AMV will provide comparative insight into the operational complexity of the entity. Determination of the component parts of the AMV calculation will provide information on the number of acquisition, disposition, and movement transactions and, viewed separately, will serve as a useful insight. Clarifying Comparative Example :
Entity A has few assets that are of a high dollar value but have been in place for many years and seldom move. These items are tracked to the site physical location level (PLL). Entity A will have an AMV near 0.0. This will be an accurate reflection of the record keeping and transactional risk associated with the management of assets within the entity. Entity B has over 5000 pieces of equipment that it tracks to the room PLL. As most of these items are information technology related, they typically have a useful life of a little over three years, after which they are donated to local schools. These items are moved from person to person and room to room very frequently for operational purposes. Entity B will have a high AMV, perhaps 3.0 or above. This will be an accurate reflection of the record keeping and transactional risk associated with the management of assets within the entity. 1. Scope
1.1 This practice calculates asset movement velocity (AMV) based on the movement of assets. 1.2 There is no existing, recognized practice for calculating AMV. 1.3 This practice is designed to be applicable and appropriate for all asset-holding entities. 1.4 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. 1.5 AMV can be calculated for the entirety of the asset inventory of the entity or any defined subset, including individual assets. 1.6 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. Keywords AMV; assets; asset movement velocity; location; moveable property; physical location; physical location level; physical location tracking; PLL; property; spatial tracking; transactions; EMV (equipment movement velocity); Equipment movement velocity (EMV) ICS Code ICS Number Code 25.060.20 (Dividing and tool-workpiece holding devices) DOI: 10.1520/E2497-11 ASTM International is a member of CrossRef. ASTM E2497This book also exists in the following packages...Subscription InformationMADCAD.com ASTM Standards subscriptions are annual and access is unlimited concurrency based (number of people that can access the subscription at any given time) from single office location. For pricing on multiple office location ASTM Standards Subscriptions, please contact us at info@madcad.com or +1 800.798.9296.
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About ASTMASTM International, formerly known as the American Society for Testing and Materials (ASTM), is a globally recognized leader in the development and delivery of international voluntary consensus standards. Today, some 12,000 ASTM standards are used around the world to improve product quality, enhance safety, facilitate market access and trade, and build consumer confidence. ASTM’s leadership in international standards development is driven by the contributions of its members: more than 30,000 of the world’s top technical experts and business professionals representing 150 countries. Working in an open and transparent process and using ASTM’s advanced electronic infrastructure, ASTM members deliver the test methods, specifications, guides, and practices that support industries and governments worldwide. |
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