Quantcast INVENTORY VALIDITY

Share on Google+Share on FacebookShare on LinkedInShare on TwitterShare on DiggShare on Stumble Upon
Custom Search
 
  
matched expenditures.    The expenditures listed are 6 months old and will be overaged on the ninth month if not reconciled. The transactions also appear on the unmatched listing for captions C & H. The listing is researched and annotated according to the procedures in NAVSUP P-567, volume 2. An annotated copy is returned to the DAO no later than 20 days after receipt. A copy must be retained at the SAC 207 activity for at least 1 year. The Adjustment Listing for Captions C & H represents all unmatched and partially matched expenditures that became overaged during the monthly reconciliation cycle, These expenditures were automatically charged (below threshold) as losses to the DBOF. The documents in the listing must be researched and processed accordingly. The Follow-up Listing for Unmatched OSO Receipts is a record of OSO receipts that has been in the unmatched listing for captions A & G for 6 months. The transactions have not matched expenditures from the issuing activity and will become overaged at the ninth month. The transactions must be researched and an annotated copy sent to the DAO no later than 20 days after receipt. A copy of the list is retained at the SAC 207 activity for at least 1 year. The Listing of NAVSUP Form 1162 Records contains end-use charges included in the monthly DBOF expenditure report for charges or credits that were later challenged by the receiving activity. The charges have been billed back to the SAC 207 account and will appear on the unmatched listing for captions C & H with the notation 290 in the stock number field. The listing is processed according to NAVSUP P-567, volume 2. The listing of NAVSUP Form 1162 is not returned to DAO but is retained by the SAC 207 activity for a period of at least 1 year. NAVCOMPT Form 168 Periodically, SAC 207 activities will receive a Request for Information on Material Receipt/ Expenditure Document, NAVCOMPT Form 168, from other supply officers. This may be received from fleet and industrial supply centers (FISCs), other SAC 207 activities, ship’s stores and so forth. The activities submit the form to request proof of shipment or credit documents for material offloads or issues. Detailed procedures for processing NAVCOMPT Form 168 is described in volume 2 of NAVSUP P-567. Performance Analysis Activities monitor key SAC 207 performance indicators (pulse points) using various forms of documentation. The key performance indicators and proper supervisory audits can ensure proper financial processing. The pulse points used to monitor the activity’s performance are described in the next paragraphs. This section also discusses how financial processing, if improperly performed, can affect the performance indicators. INVENTORY VALIDITY.— This term refers to the accuracy between the quantity of material posted in stock records and quantity in the storage location. Financial processing can affect the inventory validity in an activity. For example, a receipt document was processed to reconcile the unmatched expenditures or receipts appearing on the SAC 207 exception feedback listing without performing a spot inventory. This process may lower the number of unmatched expenditures or receipts; however, the inventory validity can be significantly affected. Improperly processed receipt documents, after the spot inventory, can also affect inventory validity. SUPPLY EFFECTIVENESS.— The supply effectiveness reflects the activity’s ability to fill customer requirements. The customer requirements filled by the activity (net) and from other sources (gross) are used to measure the supply effectiveness, Financial processing directly affects supply effectiveness. For example, when stock receipt documentation is reconciled against the unmatched expenditures erroneous y appearing on the SAC 207 unmatched expenditure listing without proper spot inventory verification. The stock records could reflect a quantity of material greater than that of the quantity actually in the storage location. This situation will result in processing a warehouse refusal thereby lowering the supply effectiveness. GROSS INVENTORY ADJUSTMENTS (GIA).— The GIA is calculated by totaling the monthly gross adjustments (gains by inventory, losses by inventory, and surveys) and dividing the result by the monthly throughput. The throughput refers to the value of specific categories of throughput identified by certain FIR codes. An improperly processed exception feedback listing can affect the GIA. For example, a stock document is reconciled against the unmatched expenditure or receipt erroneously appearing in the SAC 207 feedback exception listing without conducting a spot inventory. The quantity in the stock 6-14



Aviation News
FAA's Holiday Travel Tips
November 24The U.S. Department of Transportations Federal Aviation Administration (FAA)...
faa.gov
Making a waste reduction difference at Airbus
Airbus’ significant efforts to help reduce waste at work are...
airbus.com
FAA Announces Contingency, Security Protocol Changes
FAA announces a series of changes that will lead to...
faa.gov
Frontier Airlines orders nine Airbus A321ceo aircraft
Deal marks customer’s first order for largest A320 Family member...
airbus.com
DC Airspace Gets Major NextGen Upgrade
FAA announces NextGen air routes for Washington airspace in time...
faa.gov
AGI Software Enhances Air Force AMC Tech for Humanitarian Relief
GLADS software solution. Photo: Analytical Graphics, Inc. [Avionics Today 11-21-2014]...
aviationtoday.com
Delta orders 50 Airbus widebody aircraft
25 A350-900 and 25 A330-900neo to join fleet of leading...
airbus.com
Airbus and UNESCO partner on global student challenge Fly Your Ideas
Empowering a new generation of young innovators Share this Read...
airbus.com
Airbus announces distinguished evaluation Jury for the 2nd GEDC Airbus Diversity Award
Leading Aircraft manufacturer, Airbus, announces the members of the prestigious...
airbus.com
Northrop Grumman New Open-Architecture DIRCM Laser Protects Crew and Cargo
Northrop Grumman offices. Photo: Northrop Grumman [Avionics Today 11-20-2014] Northrop...
aviationtoday.com
North Texas NextGen Procedures Deliver Benefits
NextGen project in North Texas to deliver more on-time flights,...
faa.gov
Eurocontrol and EDA Collaborate to Provide SESAR Military Perspective
[Avionics Today 11-19-2014] Eurocontrol and the European Defence Agency (EDA)...
aviationtoday.com
Innovative by nature: Airbus establishes a company-wide network for bionics projects
Airbus believes that much can be learned by studying the...
airbus.com
NTSB Rules Favorably on FAA UAS Appeal
November 18The National Transportation Safety Board today affirmed the FAAs...
faa.gov
Northrop Grumman Awarded $210 Million to Supply Joint STARS to US Air Force
Technicians demonstrating the Joint STARS system. Photo: Northrop Grumman [Avionics...
aviationtoday.com
BAE Systems Submits Proposal to Protect US Troops Against Infrared Threats
The Common Infrared Countermeasure (CIRCM) system. Photo: BAE Systems [Avionics...
aviationtoday.com
Airbus to expand oversize air transport capability
Launches development of new Beluga oversize transport aircraft Share this...
airbus.com
The A350 XWB embarks on demonstration tour of Asia
MSN5 takes off to South Korea, Japan, Vietnam, Thailand and...
airbus.com
Elbit to Provide Air Defense Systems for Diehl Defence Airbus A400
The J-MUSIC system. Photo: Elbit [Avionics Today 11-17-2014] Elbit Systems...
aviationtoday.com
Northrop Grumman to Supply H-1 Mission Computer
The Naval Air Systems Command (NAVAIR) has awarded a contract...
aviationtoday.com


Privacy Statement - Copyright Information. - Contact Us

comments powered by Disqus

Integrated Publishing, Inc.
9438 US Hwy 19N #311 Port Richey, FL 34668

Phone For Parts Inquiries: (727) 755-3260
Google +