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A REVIEW AND ANALYSIS OF THE PHYSICAL INVENTORY PROCESS AT NAVY STOCK POINTS.
NAVAL POSTGRADUATE SCHOOL MONTEREY CA
The purpose of this paper is to review and analyze the current physical inventory process at Navy stock points. The research was accomplished by a study of the written materials, observation of the process at the U. S. Navy Supply Center, Oakland, California, and the authors experience as Inventory Officer at the U. S. Navy Supply Center, Pearl Harbor, Hawaii. In addition to the review and analysis, the study relates the effectiveness of the inventory effort with the costs of conducting them. The paper also proposes alternatives to the present program using modern statistical theory to determine what should be inventoried, and automatic data processing equipment to improve the physical inventory process at reduced cost. This latter alternative includes a model program for use on the IBM 1401 computer system, the equipment currently available at a number of Navy stock points and supply departments of Naval shipyards and air stations. Author