DEPOT INVENTORY ACCURACY GOALS
AIR FORCE LOGISTICS COMMAND WRIGHT-PATTERSON AFB OH OPERATIONS ANALYSIS OFFICE
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A summary of the whole area of inventory accuracy goals is discussed. The concepts of accuracy, goals, and inventory accuracy goals were examined. The basis for computing inventory accuracy, rather than the record balance is being used, and observation of the present time inventory accuracy measurements and goals are stated in two different ways in terms of unit accuracy for Hi- Vaul items, and in terms of line item accuracy for the items under the sampling method. A preference for the unit accuracy method as used for Hi-Valu was indicated. A number of methods of determining depot inventory accuracy goals and the relative merits of each have been examined. The minimum cost methods seem to be potentially valuable, not so much because of the goals they establish as for the management policies they recommend and the costs they save. The low point method also appears to have promise for providing management improvement at low cost.
- Operations Research