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Defense Inventory Services Generally Have Reduced Excess Inventory But Additional Actions Are Needed

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Defense Inventory

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Author : Zina D. Merritt
language : en
Publisher:
Release Date : 2015-05-27

Defense Inventory written by Zina D. Merritt and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-05-27 with categories.

The Army, Navy, and Air Force are responsible for about $78 billion of the Department of Defense's (DOD's) $98 billion in secondary item inventory, such as spare parts needed to maintain military equipment. GAO identified DOD supply chain management as a high-risk area due in part to ineffective and inefficient inventory management practices that have contributed to high levels of excess inventory. DOD established goals to reduce the percentages of both on-hand and on-order excess inventory. This report assessed the extent to which the services have reduced on-hand and on-order excess inventory consistent with DOD goals; balanced the timely availability of spare parts with supply chain costs in their inventory management metrics; and implemented and monitored key improvement efforts. Tables and figures. This is a print on demand report.

Defense Inventory Services Generally Have Reduced Excess Inventory But Additional Actions Are Needed

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Author : United States Government Accountability Office
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2017-10-07

Defense Inventory Services Generally Have Reduced Excess Inventory But Additional Actions Are Needed written by United States Government Accountability Office and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-07 with categories.

The Army, Navy, and Air Force are responsible for about $78 billion of DOD's $98 billion in secondary item inventory, such as spare parts needed to maintain military equipment. GAO identified DOD supply chain management as a high-risk area due in part to ineffective and inefficient inventory management practices that have contributed to high levels of excess inventory relative to total inventory. DOD established goals to reduce the percentages of both on-hand and on-order excess inventory. GAO was asked to review DOD's inventory management practices. This report assesses the extent to which the services have (1) reduced on-hand excess inventory consistent with DOD goals, (2) reduced on-order excess inventory consistent with DOD goals, (3) balanced the timely availability of spare parts with supply chain costs in their inventory management metrics, and (4) implemented and monitored key improvement efforts. GAO analyzed inventory data from September 2009 through March 2014; evaluated the services' inventory processes; and interviewed service and OSD officials.

Intermittent Demand Forecasting

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Author : John E. Boylan
language : en
Publisher: John Wiley & Sons
Release Date : 2021-06-02

Intermittent Demand Forecasting written by John E. Boylan and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06-02 with Medical categories.

INTERMITTENT DEMAND FORECASTING The first text to focus on the methods and approaches of intermittent, rather than fast, demand forecasting Intermittent Demand Forecasting is for anyone who is interested in improving forecasts of intermittent demand products, and enhancing the management of inventories. Whether you are a practitioner, at the sharp end of demand planning, a software designer, a student, an academic teaching operational research or operations management courses, or a researcher in this field, we hope that the book will inspire you to rethink demand forecasting. If you do so, then you can contribute towards significant economic and environmental benefits. No prior knowledge of intermittent demand forecasting or inventory management is assumed in this book. The key formulae are accompanied by worked examples to show how they can be implemented in practice. For those wishing to understand the theory in more depth, technical notes are provided at the end of each chapter, as well as an extensive and up-to-date collection of references for further study. Software developments are reviewed, to give an appreciation of the current state of the art in commercial and open source software. “Intermittent demand forecasting may seem like a specialized area but actually is at the center of sustainability efforts to consume less and to waste less. Boylan and Syntetos have done a superb job in showing how improvements in inventory management are pivotal in achieving this. Their book covers both the theory and practice of intermittent demand forecasting and my prediction is that it will fast become the bible of the field.” —Spyros Makridakis, Professor, University of Nicosia, and Director, Institute for the Future and the Makridakis Open Forecasting Center (MOFC). “We have been able to support our clients by adopting many of the ideas discussed in this excellent book, and implementing them in our software. I am sure that these ideas will be equally helpful for other supply chain software vendors and for companies wanting to update and upgrade their capabilities in forecasting and inventory management.” —Suresh Acharya, VP, Research and Development, Blue Yonder. “As product variants proliferate and the pace of business quickens, more and more items have intermittent demand. Boylan and Syntetos have long been leaders in extending forecasting and inventory methods to accommodate this new reality. Their book gathers and clarifies decades of research in this area, and explains how practitioners can exploit this knowledge to make their operations more efficient and effective.” —Thomas R. Willemain, Professor Emeritus, Rensselaer Polytechnic Institute.

Defense Inventory

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Author : William M. Solis
language : en
Publisher: DIANE Publishing
Release Date : 2009-05

Defense Inventory written by William M. Solis and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-05 with Technology & Engineering categories.

Since 1990, the DoD¿s inventory managemetn system has been considered a high-risk area. It is critical that the military services effectively and efficiently manage DoD's secondary inventory to ensure that the warfighter is supplied with the right items at the right time and to maintain good stewardship over the billions of dollars invested in their inventory. This report reviews the Army'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 Army having secondary inventory that exceeded current requirements or, conversely, for having inventory deficits. Includes recommendations. Charts and tables.

Defense Inventory

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Author :
language : en
Publisher:
Release Date : 2014

Defense Inventory written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Logistics categories.

DLA manages about one-fifth of DOD's $95 billion in secondary item inventory, such as spare parts to keep military equipment ready and operating. GAO has identified DOD supply-chain management as a high-risk area due in part to ineffective and inefficient inventory-management practices and weaknesses in forecasting the demand for spare parts. These factors have contributed to the creation of on-order and on-hand excess inventory. GAO was asked to review DLA's inventory-management practices. GAO reviewed, among other things, the extent to which DLA has (1) developed and met goals to reduce on-hand inventory and on-order excess inventory while reducing backorders, and any challenges faced in doing so, and (2) implemented initiatives using a comprehensive management approach to improve inventory management. GAO analyzed inventory data from 2009 through 2013, evaluated DLA's inventory processes, and interviewed DLA and DOD officials.

Defense Inventory Overall Inventory And Requirements Are Increasing But Some Reductions In Navy Requirements Are Possible Report To The Honorable Tom Harkin U S Senate

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Author :
language : en
Publisher: DIANE Publishing
Release Date :

Defense Inventory Overall Inventory And Requirements Are Increasing But Some Reductions In Navy Requirements Are Possible Report To The Honorable Tom Harkin U S Senate written by and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.