- Long Description
- GAO has identified the Department of Defense's (DoD) management of its inventory as a high-risk area since 1990 due to ineffective and inefficient inventory systems and practices. Management of inventory acquisition lead times is important in maintaining cost-effective inventories, budgeting, and having material available when needed, as lead times are DoD's best estimate of when an item will be received. Under the Comptroller General's authority to conduct evaluations on his own initiative, GAO analyzed th extent to which (1) DoD estimated lead times varied from actual lead times, and (2) current management actions and initiatives have reduced lead times as compared to past years.
- File Title
- GAO Report GAO -07-281 Defense Inventory
- File
- Benefit/Value
- GAO recommends that DoD take actions to improve the accuracy and strengthen its management of lead times, such as review lead time data to detect and correct errors, review and revise the methodology used for setting lead times, set lead time reduction goals, and direct the components to measure and report the impact of initiatives to reduce overall lead times within each of the military components.
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| ID | 139757 |
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| Date Created | Tuesday, March 6, 2007 7:23 AM |
| Date Modified | Tuesday, March 6, 2007 7:24 AM |
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| Version Comment: | |
