Author : U.s. Government Accountability Office
Release : 2017-08-03
Genre :
Kind : eBook
Book Rating : 548/5 ( reviews)

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Book Synopsis Defense Inventory by : U.s. Government Accountability Office

Download or read book Defense Inventory written by U.s. Government Accountability Office. This book was released on 2017-08-03. Available in PDF, EPUB and Kindle. Book excerpt: " GAO has identified supply chain management as a high-risk area due in part to ineffective and inefficient inventory management practices that have caused DOD to accumulate billions of dollars worth of unneeded inventory. DOD reported that as of September 2010 it had $8.4 billion worth of on-hand excess inventory, categorized for potential reuse or disposal, and $940 million worth of on-order excess inventory, already purchased but likely to be excess due to changes in requirements. Under the National Defense Authorization Act for Fiscal Year 2010, GAO is required to assess DOD's implementation of the Comprehensive Inventory Management Improvement Plan (Plan) DOD submitted to Congress. GAO's objectives were to determine the extent to which DOD has (1) established and achieved targets for reducing excess inventory in the Plan, (2) made progress in implementing the overall Plan, (3) metrics to track progress in improving inventory management, and (4) identified and realized any cost savings or avoidance. GAO reviewed relevant data, assessed DOD's actions through January 1, 2012, and interviewed officials implementing the Plan. "