Full Description

1.1This practice calculates asset movement velocity (AMV) based on the movement of assets.

1.2There is no existing, recognized practice for calculating AMV.

1.3This practice is designed to be applicable and appropriate for all asset-holding entities.

1.4This 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.

1.5AMV can be calculated for the entirety of the asset inventory of the entity or any defined subset, including individual assets.

1.6This 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, health, and environmental practices and determine the applicability of regulatory limitations prior to use.

1.7This international standard was developed in accordance with internationally recognized principles on standardization established in the Decision on Principles for the Development of International Standards, Guides and Recommendations issued by the World Trade Organization Technical Barriers to Trade (TBT) Committee.

Product Details

Published: 11/01/2017 Number of Pages: 2File Size: 1 file , 55 KB