Module 2 Focused Flashcards
refers to Personnel/Units who are the recipients of supplies.
End user
refers to all items issued to PAF personnel and Units.
PAF Supplies
is a document used in requesting supplies and materials that are carried on stocks.
Requisition and Issue Slip (RIS)
is the document that shall be used every time there will be a transfer of property from an outgoing accountable officer to his/her successor or from one accountable officer to another of the same or another entity.
Property Transfer Report (PTR)
refers to the subordinate unit supply Officer of an accountable activity. Responsible for the care, maintenance and safeguarding of government property in his custody.
Responsible Supply Officer (RSO).
refer to the accountable Officer of a designated accountable activity who is primarily responsible for the implementation of supply accounting.
Supply Accountable Officer (SAO)
REQUIREMENTS FOR ISSUANCE:
- Issuance Directive (ID)
- Requisition and Issue Slip (RIS) or Property Transfer Report (PTR) (for equipment and vehicles)
The Issuance of supplies shall be in accordance with the Issuance Directive published by ________.
the Higher Headquarters (OA-4/HALC)
Necessary documents shall be submitted by ________ on or prior to the Issuance of Supplies.
the End user
“No ________, No Issuance” policy shall be strictly implemented.
Requisition and Issue Slip (RIS)
TRUE or FALSE
Validity of Issuance is effective only on the validity date indicated in the Issuance Directive.
TRUE
TRUE or FALSE
In the absence of SAO/RSO, authorized representative shall present authorization letter signed by Unit SAO/RSO and a valid military ID prior to issuance of supplies
TRUE
Physical count of properties located within a unit command. This involves actual count of stocks and the comparison of the results with the recorded balances.
INVENTORY
Quantity of goods that is held for some purpose or use.
INVENTORY
Stored quantity of goods that exceeds what is needed for the firm to function at the current time.
INVENTORY
________ may be kept “in-house,” or it may be held in a distant warehouse or distribution center for future use.
INVENTORY
________ involves the following:
- Physical count of materials on hand
- Verification of stock record balances
- Investigation and disclosure
- Adjustment of stocks and financial records
- Analysis of cause of inventory discrepancies
INVENTORY
[READ]
Good inventory management is essential to the operations of most organizations:
- Amount of money that inventory represents.
- Its input on the daily operations of the unit.
- Achieve accurate accounting of supplies.
- What, when and how much to order and stock.
- Provide maximum level of services to customer units at a minimal operational cost.
Physical counting of assets in the storage.
INVENTORY
Everything that has value
ASSETS
Refers to the place where supplies are kept on storage.
LOCATION
Provides specific/exact location of an item placed on storage.
LOCATION NUMBER
Given name or description of an item.
NOMENCLATURE
13-digit numbers which is unique to the item which it identifies and thus identifies it from every other items.
NATIONAL STOCK NUMBER (NSN)
Series of letters of numbers used as an identifying code for an item.
PART NUMBER
Refers to the actual number of item on stock.
QUANTITY
Specified Measurement as data which serve as the controlling parameter in the provisioning of supplies.
Examples. EA – Each
CN – Cartons
HD – Hundred
BX – Boxes
UNIT OF ISSUE (U/I)
Used to identify serviceable items.
YELLOW TAG
Used to identify reparable items.
GREEN TAG
Used to identify condemned/disposable items.
RED TAG
An inventory consists of 2 basic elements:
- the actual property in stock; and
- the records indicating the quantity of each item.
TRUE or FALSE
The purpose of inventory is to correct errors in processing and storage operations. This permits item and record balances to agree with actual quantities of stock on hand or in use.
TRUE
an itemized list or count of all or any designated property on hand at a given time; the property comprising an ________.
INVENTORY
6 Functions of Integrated Inventory Management (IM)
- CATALOGING
- REQUIREMENTS PLANNING
- PROCUREMENT DIRECTION
- DISTRIBUTION MANAGEMENT
- MAINTENANCE MANAGEMENT
- MATERIEL UTILIZATION AND DISPOSAL
This ________ function involves the control of inventories to insure that they are adequate, but not excessive, and that they are strategically located so as to be responsive to customer demands.
DISTRIBUTION MANAGEMENT
[READ]
Inventory Management (IM) Requirements:
- A system to keep track of the inventory on hand and on order.
- A reliable forecast of demand.
- Knowledge of lead times and its variability.
- Reasonable estimates of inventory holding costs, ordering costs, and shortage costs.
- A classification system for inventory items.
materials which requires protection in the interest of national security.
CLASSIFIED ITEM
materials which requires high degree protection and control, e.g. narcotics, precious metals etc.
SENSITIVE ITEMS
materials having a ready resale value highly and technical or hazardous in nature.
PILFERABLE ITEMS
An inventory system where counts are performed continuously, often eliminating the needs for an annual overall inventory.
CYCLE INVENTORY
“ to gain better control over the inventory.”
GOAL
An inventory accuracy audit technique where inventory is counted on a cyclic schedule rather than once a year.
CYCLE COUNTING
“ to identify items in error, thus triggering research, identification, and elimination of the cause of errors.”
PURPOSE
4 TYPES OF INVENTORY
- COMPLETE INVENTORY
- SAMPLE INVENTORY
- SPECIAL INVENTORY
- IN-USE/IN-PLACE EQUIPMENT INVENTORY
conducted using the close warehouse method. All items within the selected parameter are inventoried. The warehouse area being inventoried is closed except for emergency issues. All backlog transactions are processed immediately upon completion of an inventory.
COMPLETE INVENTORY
developed to provide better use of manpower and time. This method serves the same purpose as a complete inventory, however, only a random sample of items need to be counted. If the inventory fails the acceptable error rate, a complete inventory is conducted.
SAMPLE INVENTORY
conducted by line item on an as-required basis. Main reason is to correct out-of-balance condition resulting in warehouse refusal.
SPECIAL INVENTORY
usually performed only upon written request. Conducted discrepancies that cannot be resolved by property custodian.
IN-USE/IN-PLACE EQUIPMENT INVENTORY
2 METHODS OF INVENTORY
- “CLOSED” WAREHOUSE METHOD
- “OPEN” WAREHOUSE METHOD
is a method whereby the warehouse, or sections thereof, housing the property to be inventoried is closed to all receipt and issue transactions, except emergency issue transactions, while the physical count is being made.
“CLOSED” WAREHOUSE METHOD
is a method whereby normal receipts and issue transactions continue during the course of inventory.
“OPEN” WAREHOUSE METHOD
4 FREQUENCY OF INVENTORY (By Schedule)
- QUARTERLY INVENTORY
- SEMI-ANNUALLY INVENTORY
- ANNUAL INVENTORY
- AS-REQUIRED INVENTORY
covers out-of-warehouse investment assets, in-warehouse investment assets.
QUARTERLY INVENTORY
conducted for classified and sensitive items.
SEMI-ANNUALLY INVENTORY
conducted for nuclear ordnance, commodity management equipment and pilferage type items.
ANNUAL INVENTORY
inventory of all items added to the critical item management.
AS-REQUIRED INVENTORY
establish by fiscal year to ensure that all assigned locations and details are inventoried at the correct frequency.
SCHEDULE
is the day immediately before the inventory count begins. The opening record balance on which the ________ is the balance on which the inventory count is compared.
INVENTORY DEADLINE DATE