Defense Inventory: Actions Needed to Improve Inventory Retention Management
Abstract
Maintaining the right amount and types of items in its inventory - a key aspect of supply chain management - has been a long-standing challenge for the Department of Defense (DOD) and has been on GAO's list of high-risk areas since 1990. DOD retains inventory above its normal operating requirements for various reasons including for contingency purposes or because it is more economical to keep items than dispose and repurchase them later. DOD's inventory levels have grown in recent years to almost $80 billion in fiscal year 2005. GAO was asked to assess the management of contingency retention inventory to determine whether (1) the Army, Air Force, Navy, and Defense Logistics Agency have followed inventory guidance and (2) DOD is providing oversight of inventory across these components. Also, GAO provided an update on the progress DOD has made in implementing GAO's past recommendations on the components management of economic retention inventory.
Document Details
- Document Type
- Technical Report
- Publication Date
- May 01, 2006
- Accession Number
- AD1174442
Entities
People
- Alissa Czyz
- Carleen Bennett
- Curtis Groves
- Darby Smith
- David Schmitt
- K. N. Harms
- Latrealle Lee
- Rebecca Shea
- Sarah Baker
- William M. Solis
Organizations
- United States Government Accountability Office