The Postal Service™ is revising Handbook AS-701, Asset Management, to highlight the newly implemented policy and process structure outlined within the handbook. This initiative, driven by the Postmaster General (PMG), in collaboration with vendor LMI, aims to streamline and separate USPS® policies from processes. All employees and suppliers are expected to adhere to these policies and processes throughout the entirety of the Postal Service asset lifecycle. The new Handbook AS-701, Asset Management, can be accessed through Policies and Related Documents.
n PMG initiative.
n HBK AS-701 policies and procedures were last updated in September 2020.
n Document has been streamlined and split into policy and processes for ease of use.
n Contained obsolete references, which have been updated or removed.
Employees and suppliers, as applicable, will adhere to the policy and follow the process detailed in these documents during all phases of the Postal Service asset lifecycle:
n Policy has been updated with current requirements and practices.
n Roles and responsibilities are now consolidated into a single section.
n Roles and responsibilities have been updated and clarified to reflect current organizational structure and duties of each position.
n Clarified TMSP obligations.
n Removed outdated reference to NAFTA.
n Noted that plant stockrooms are also spaces designated for use by the Material Distribution Center (MDC) (high-dollar-value parts or strategic stocking locations).
n Revised threshold for higher level review of asset adjustments from $2,000 to $10,000.
n Revised and updated text that MAO delegation is now processed electronically via eAccess.
n Updated policies for handling major mechanized and automated equipment.
n Revised and updated Automated Postal Centers as Self-Service kiosks.
n Updated policies for disposal of electronic assets.
n Removed outdated reference to Pub 247 for the supply and equipment catalog.
n Process has been updated to reflect current requirements and practices.
n Consolidation of procedures.
n Consolidation of procedures.
n Consolidation of procedures.
n Updated to remove reference to the San Mateo Accounting Services Center.
n Updated processes for handling major mechanized and automated equipment.
n Updated process for disposal of electronic assets.
n References provided for further guidance.
— Asset Management Performance and Accountability,
Supply Management, 5-1-25
