Defense inventory : actions underway to implement improvement plan, but steps needed to enhance efforts : report to congressional committees.

Format:

Book

Government document

Author/Creator:

United States. Government Accountability Office

Contributor:

Merritt, Zina D.

Language:

English

Subjects (All):

United States. Department of Defense--Procurement--Management--Evaluation.

United States.

United States. Department of Defense.

United States--Armed Forces--Supplies and stores--Management.

Logistics--Planning.

Logistics.

Armed Forces--Supplies and stores--Management.

Physical Description:

1 online resource (iv, 90 pages) : illustrations

Other Title:

Actions underway to implement improvement plan, but steps needed to enhance efforts

Place of Publication:

[Washington, D.C.] : U.S. Govt. Accountability Office, [2012]

Summary:

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. 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 recommends that DOD periodically re-examine its targets for on-hand and on-order excess inventory; and develop guidance to establish a set of metrics including standardized definitions and calculations that are then employed to monitor its inventory management practices.

Notes:

Title from cover screen (viewed on May 22, 2012).

"May 2012."

Includes bibliographical references.

"GAO-12-493."

OCLC:

794049740