Defense Inventory:

Changes in DOD's Inventory Reporting, 1989-1992

NSIAD-94-112: Published: Feb 10, 1994. Publicly Released: Feb 25, 1994.

Additional Materials:


Office of Public Affairs
(202) 512-4800

Pursuant to a congressional request, GAO reviewed changes in the Department of Defense's (DOD) secondary item inventory since fiscal year (FY) 1989, focusing on the: (1) total value of the inventory; (2) value of potential excess stock; (3) impact of inventory revaluations; and (4) annual funding levels for secondary item inventory acquisitions.

GAO found that: (1) the nominal value of DOD secondary inventory items and disposal stock decreased by $29.2 billion and $9.8 billion, respectively, between fiscal years 1989 and 1992; (2) the inventory values reported by DOD are not comparable because the services use different methods for valuing inventories; (3) DOD has established an uniform system for valuing all inventory at the latest acquisition cost and adjusting the latest acquisition value of disposal stock and items needing repair; (4) in 1992, DOD total inventory decreased by $20.2 billion because of revaluations; (5) Congress appropriated $26.7 billion in FY 1992 and $26 billion in FY 1993 for DOD secondary inventory items, but reduced the amount appropriated as a result of congressionally-directed fund transfers; and (6) DOD has requested $26.2 billion in FY 1994 for secondary inventory items.

Jun 25, 2020

Jun 23, 2020

Jun 18, 2020

Jun 16, 2020

Jun 3, 2020

May 29, 2020

May 22, 2020

May 19, 2020

Looking for more? Browse all our products here