STOCK FUND - SALES VS. OBLIGATIONS. LMI REF. NO. R5.
AMERICAN POWER JET CO RIDGEFIELD N J
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The Army stock fund is a revolving fund in theory, for every dollar obligated to procure stocks, a dollar should be received from the sales of stocks. This ratio, in practice, fluctuates over short periods of time. Major deviations from forecasts and programs will result in the accumulation of excess stock in the stock fund category of supplies or supply shortages with resultant inability to meet customer demands. It is important to have current information in this area. Significant deviations from the forecast of either sales or obligations indicate a need for prompt action, with adjustment of programs. Author
- Administration and Management