An appraisal of asset control techniques as applied in the selective management of high value secondary aeronautical items in the Department of the Navy

Abstract

Lack of adequate accounting control of high value secondary aeronautical items has been a prime subject of many reports on inventory management in the Military Departments. The importance of special management of high value items has long been recognized. However, until recently, accounting control of high value assets was not given the management attention required in effective overall inventory management systems. As a result, some extremely complex, expensive, and sophisicated inventory management systems have proved less than satisfactory due to a lack of accurate asset knowledge as input. Accounting control for high value assets, as discussed herein, is the means for providing the accurate asset knowledge that is prerequisite to any good inventory management system.