Defense inventory : management actions needed to improve the cost efficiency of the Navy's spare parts inventory : report to congressional requesters.

Format:

Book

Government document

Author/Creator:

United States. Government Accountability Office

Language:

English

Subjects (All):

United States. Navy--Supplies and stores--Management.

United States.

United States. Navy--Inventory control--Evaluation.

United States. Navy.

Spare parts--Purchasing--United States.

Spare parts.

Military supplies--Management.

Military supplies.

Armed Forces--Inventory control--Evaluation.

Armed Forces--Supplies and stores--Management.

Physical Description:

ii, 49 pages : digital, PDF file

Other Title:

Management actions needed to improve the cost efficiency of the Navy's spare parts inventory

Place of Publication:

[Washington, D.C.] : U.S. Govt. Accountability Office, [2008]

Summary:

Since 1990, GAO has designated the Department of Defense's (DOD) inventory management as a high-risk area. It is critical that the military services and the Defense Logistics Agency effectively and efficiently manage DOD's secondary inventory to ensure that the warfighter is supplied with the right items at the right time. It is also imperative that they maintain good stewardship over the billions of dollars invested in their inventory. GAO reviewed the Navy's management of secondary inventory and determined (1) the extent to which on-hand and on-order secondary inventory reflected the amount needed to support current requirements and (2) causes for the Navy's having secondary inventory in excess of current requirements or, conversely, for having inventory deficits. To address these objectives, GAO analyzed Navy secondary inventory data (spare parts such as aircraft and ship engines and their components and accessories) from fiscal years 2004 through 2007. GAO recommends that the Navy strengthen inventory management by incorporating cost-efficiency metrics and goals, evaluating and improving demand forecasting procedures, revising inventory management practices to better accommodate demand fluctuations, and enhancing oversight though the chief and deputy chief management officers.

Notes:

Title from title screen (viewed Dec. 19, 2008).

"December 2008."

Includes bibliographical references.

"GAO-09-103."

OCLC:

289052009