VELOCITY INVENTORIES Velocity inventories are based on the premise that inaccuracies of stock balances for any given items increase with issue frequency. Therefore, a velocity inventory requires aperiodic physical count of all stock items that experience frequent demands (fast movers). Velocity inventory also requires the physical count of items with infrequent demands or no demands (slow movers). Personnel usually perform inventory of items considered as slow movers when conducting an issue of such items. SCHEDULED INVENTORIES The following paragraphs describe minimum scheduled inventories required for inventory control of stock material. Some items may be included in more than one group or class of material for inventory. If so, these items should be inventoried according to the group or class that requires greater frequency. On aircraft carriers, inventory frequency for DBI/POS items is annual, preferably before a major replenishment. Inventory frequency for non-DBL/non-POS items (material that does not meet the demand criteria for DBI/POS) is annual. Special material described in previous paragraphs also requires scheduled inventory. NONSCHEDULED INVENTORIES These are inventories unexpectedly required due to significant stock record inaccuracies. Supply personnel may discover these inaccuracies during issue process, random sampling inventory, or an annual supply inspection. Some examples of unscheduled inventories are spot inventories and those occasionaly required of certain items by higher authority. PREPARING FOR INVENTORIES There are several things activities should do before conducting inventories. To properly prepare for inventories, activities should complete the following tasks: l Unposted Documents. Receipts and expenditure transaction documents for items that have been removed or placed in an assigned location must be posted to stock records. Transaction documents purposely held from being processed will be held in the suspense or pending file. . Material Arrangement. Supply department personnel or other department’s custodian must arrange material included for inventory when practical. Identify material properly by marking, tagging, or labeling. Stow items with identification or markings plainly visible. Package loose units of small items in standard bulk lots. Reseal containers of items that have full counts of originally packaged quantities. Stack uniformly sized packages of the same units in rows and tiers to make counting easy. For example, put together boxes of items with the same NSN, such as screws, nuts, or bolts, in the same row. . Count Document. Before the physical inventory, stock control will prepare the count document. The count documents may be NAVSUP Form 1075, inventory cards, or computer listing. The count document will have the stock number or part number, nomenclature, unit of issue, and locations. The count document will have all the storage locations for each items except when doing a bulkhead-to-bulkhead inventory of a specific storeroom. Some activities may use the Logistics Applications Markings and Reading Symbols (LOGMARS) inventory module. When using LOGMARS, inventory personnel can use the bar code reader to record the inventory of items. The user can scan the bin location, stock number, and unit of issue label, and then key in the quantity. . Administrative Action. The supply officer may request to publish the scheduled inventory in the “Plan Of The Day.” This notice includes processing restrictions, such as conducting issues for emergency requirements only. COUNT PROCEDURES The accuracy of stock records depends upon complete and correct physical inventory counts. To avoid recount or research, determine the total quantity of each item during the initial count. Inventory personnel are authorized to open sealed containers for identification, except containers sealed for preservation. The supply officer may authorize inventory personnel to open preservation packaging. After identifying and counting the items, personnel must reseal and mark all the containers. The person who checked the content of the container should initial and date the container. Inventory personnel will proceed from location to location in predetermined sequence. They must check the items for proper identification, marking, and labeling. Inventory personnel should also make a record of items that need preservation or items that are unfit for issue. The quantity inventoried should be recorded in the count documents legibly. For items stored in 10-11