ASTM E2606-13

Standard Practice for Receipt Notification as a Result of Tangible Asset Movement

SIGNIFICANCE AND USE
4.1 It is the intent of these principles to provide guidance for an efficient system to acknowledge custody of tangible assets through certification of receipt.  
4.2 These principles allow for enhanced control of tangible asset movement within any organizational structure, including suppliers and alternate locations.  
4.3 Use of this practice will provide an auditable document for proof of custody change.
SCOPE
1.1 This practice covers the process of receipt notification as a result of tangible asset movement. This practice provides further guidance in conjunction with Practice E2605.  
1.2 The application of this practice should promote accurate visibility of tangible asset location and timely record updates.  
1.3 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.

General Information

• Status: Historical
• Publication Date: 31-Oct-2013
• ICS: 03.060 - Finances. Banking. Monetary systems. Insurance
• Technical Committee: E53 - Asset Management
• Drafting Committee: E53.01 - Process Management

Relations

• Replaces: ASTM E2606-08 - Standard Practice for Receipt Notification as a Result of Tangible Property Movement
• Effective Date: 01-Nov-2013
• Referred By: ASTM E2675-22 - Standard Practice for Asset Management System Outcomes
• Effective Date: 01-Nov-2013
• Referred By: ASTM E2135-22 - Standard Terminology for Property and Asset Management
• Effective Date: 01-Nov-2013

Standards Content (Sample)

NOTICE: This standard has either been superseded and replaced by a new version or withdrawn.
Contact ASTM International (www.astm.org) for the latest information
Designation:E2606 −13
Standard Practice for
Receipt Notification as a Result of Tangible Asset
1
Movement
This standard is issued under the fixed designation E2606; the number immediately following the designation indicates the year of
original adoption or, in the case of revision, the year of last revision. A number in parentheses indicates the year of last reapproval. A
superscript epsilon (´) indicates an editorial change since the last revision or reapproval.
1. Scope 3.1.4 receiving, v—the process of accepting incoming asset
into an entity’s control. It includes verification, identification,
1.1 Thispracticecoverstheprocessofreceiptnotificationas
and recording of incoming asset.
a result of tangible asset movement. This practice provides
further guidance in conjunction with Practice E2605.
4. Significance and Use
1.2 The application of this practice should promote accurate
4.1 It is the intent of these principles to provide guidance for
visibility of tangible asset location and timely record updates.
an efficient system to acknowledge custody of tangible assets
through certification of receipt.
1.3 This standard does not purport to address all of the
safety concerns, if any, associated with its use. It is the
4.2 These principles allow for enhanced control of tangible
responsibility of the user of this standard to establish appro-
asset movement within any organizational structure, including
priate safety and health practices and determine the applica-
suppliers and alternate locations.
bility of regulatory limitations prior to use.
4.3 Use of this practice will provide an auditable document
2. Referenced Documents
for proof of custody change.
2
2.1 ASTM Standards:
5. Procedure
E2135 Terminology for Property and Asset Management
5.1 Upon completion of receiving, the asset custodian shall
E2605 Practice for Receiving Assets
sign and date, or verify electronically, the movement
3. Terminology
document, thereby acknowledging the assets custody change.
The asset custodian shall promptly forward a hardcopy or
3.1 Definitions—For definitions relating to property and
electronic equivalent of the signed movement document to the
asset management, refer to Terminology E2135.
originator or Asset Management, or both, or as directed by the
3.1.1 asset custodian, n—an individual or organization ac-
instructions on the movement document.
countable for asset.
5.2 Asset Management will promptly update the asset con-
3.1.2 movement document, n—any document used to move
trol system for location change and date received upon receipt
tangible assets, that is, shipping, tr
...

This document is not an ASTM standard and is intended only to provide the user of an ASTM standard an indication of what changes have been made to the previous version. Because
it may not be technically possible to adequately depict all changes accurately, ASTM recommends that users consult prior editions as appropriate. In all cases only the current version
of the standard as published by ASTM is to be considered the official document.
Designation: E2606 − 08 E2606 − 13
Standard Practice for
Receipt Notification as a Result of Tangible PropertyAsset
1
Movement
This standard is issued under the fixed designation E2606; the number immediately following the designation indicates the year of
original adoption or, in the case of revision, the year of last revision. A number in parentheses indicates the year of last reapproval. A
superscript epsilon (´) indicates an editorial change since the last revision or reapproval.
1. Scope
1.1 This practice covers the process of receipt notification as a result of tangible property movement.asset movement. This
practice provides further guidance in conjunction with Practice E2605.
1.2 The application of this practice should promote accurate visibility of tangible property location.asset location and timely
record updates.
1.3 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
2
2.1 ASTM Standards:
E2135 Terminology for Property and Asset Management
E2605 Practice for Receiving Assets
3. Terminology
3.1 Definitions—For definitions relating to property and asset management, refer to Terminology E2135.
3.1.1 asset custodian, n—an individual or organization accountable for asset.
3.1.2 movement document, n—any document used to move tangible property,assets, that is, shipping, transfer, or receipt
document.
3.1.3 notification, v—a documented means of delivering a message to a specific recipient.
3.1.3 property custodian, n—an individual or organization accountable for property.
3.1.4 receiving, v—the process of accepting incoming propertyasset into an entity’s control. It includes verification,
identification, and recording of incoming property.asset.
4. Significance and Use
4.1 It is the intent of these principles to provide guidance for an efficient system to acknowledge custody of tangible
propertyassets through certification of receipt.
4.2 These principles allow for betterenhanced control of tangible propertyasset movement within any organizational structure,
including suppliers and alternate locations.
4.3 Use of this practice will provide an auditable document for proof of custody change.
5. Procedure
5.1 Upon completion of receiving, the propertyasset custodian shall sign and date the movement document. The property
custodian shall date, or verify electronically, the movement document, thereby acknowledging the assets custody change. The asset
1
This practice is und
...