Navy Financial Management: Improved Management of Operating Materials and Supplies Could Yield Significant Savings

Abstract

This report provides the results of our detailed assessment of the Navy's financial reporting on and management of operating materials and supplies that are not part of DBOF inventories. Specifically, it provides the results of our assessment of (1) the adequacy of the Navy's accountability and visibility over its approximately $5.7 billion in operating materials and supplies on board vessels and at the redistribution sites, (2) the Navy's management of excess items of this type, and (3) the accuracy of operating unit records for operating materials and supplies that we tested. This report also contains recommendations that are directed at improving financial reporting and inventory management.

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Document Details

Document Type
Technical Report
Publication Date
Aug 16, 1996
Accession Number
ADA315510

Entities

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Ground and Sea Platforms

DTIC Thesaurus Topics

  • Accounting
  • Accuracy
  • Aircraft Carriers
  • Aircrafts
  • Commerce
  • Control Systems
  • Data Processing
  • Databases
  • Department Of Defense
  • Financial Management
  • Inventory
  • Inventory Control
  • Marine Transportation
  • Naval Air Stations
  • Naval Aviation
  • Naval Operations
  • Navy

Readers

  • Logistics and Supply Chain Management.