Initiatives to Improve Acquisition Lead Time

摘要

This report addresses the initiatives implemented by DoD inventory control points to reduce acquisition lead time. This report also addresses management oversight of acquisition lead time. Acquisition lead time is the time from the identification of an item reorder point to the receipt of the first significant delivery. Reducing acquisition lead time decreases required inventory and inventory holding costs, thus freeing DoD funds for other uses. The overall audit objective was to review recent initiatives to improve acquisition lead time. We also reviewed management controls applicable to the audit objectives.