Inventory management involves several common elements. Among the more important of these are:
utilization of increasingly sophisticated electronic data processing systems as integral parts of material control, record, and data communications systems; use of scientific or business type decision rules and formulas to make material
control decisions that optimally balance cost and material support effectiveness;
development and implementation of various material standardization programs; planning and coordinating material actions to assure properly phased support to major items of equipment and/or weapon systems in test phases, in production, in service, and during phaseout periods; and monitoring the quality of input and output of automated inventory management systems and recommending system and programming changes to improve timeliness, accuracy, and utility of inventory information for users.
37 Comments