Inventory Management

The efficient use of methods, procedures and techniques for recording, analyzing, and adjusting inventories in accordance with established policy, and should include:

• Adequate protection against misuse, theft, and misappropriation.
• Accurate analyses of quantities to determine requirements so that only minimal.
• Obsolescence losses will be encountered, while ensuring adequate inventory levels to meet program schedules.
• Adequate and accessible storage facilities and services based upon analyses of program requirements so that a minimum and economical amount of time is required to service the program.