NAVSUP P-723 Quiz and Flashcards: Key Definitions

Questions and Answers

What does the Document Identifier DJA refer to?

Unscheduled inventories (correct)

Inventory discrepancies

Approved inventory lists

Scheduled inventories

What is the completion time for unscheduled inventory?

15 calendar days

What is a Spot Inventory used for?

For warehouse refusal

When are special inventories conducted?

When a known or suspected imbalance exists between recorded and actual on-hand balance Signup and view all the answers

What is the goal of causative research?

To identify, analyze, and evaluate the causes of inventory adjustments Signup and view all the answers

Causative research must be completed within how many days?

45 days Signup and view all the answers

What does warehouse refusal indicate?

Material is not in requested condition or has unresolved unreconciled balances Signup and view all the answers

What are Bouncebacks?

When the ICP record shows material is available but the storage record indicates no material available Signup and view all the answers

What does NAVSUP Form 1144 provide?

Performance data on material availability and requisition processing Signup and view all the answers

What is DD Form 200 used for?

Financial liability investigation of property loss Signup and view all the answers

Who is usually the approving authority for DD Form 200?

The commanding officer Signup and view all the answers

Who serves as the reviewing authority for DD Form 200?

Director of Physical Inventory Signup and view all the answers

What is the appointing authority for DD Form 200?

Designated in writing by the Approving Authority; Inventory Accuracy Officer Signup and view all the answers

Who acts as the financial liability officer as per DD Form 200?

Commissioned/warrant officer, enlisted E-7 through E-9, civilian GS-9 or above, or the Appointing Authority Signup and view all the answers

Study Notes

NAVSUP P-723: Key Definitions and Procedures

Document Identifier DJA: Refers to unscheduled inventories, essential for maintaining accurate stock levels.
Unscheduled Inventory Completion Time: Must be completed within 15 calendar days, ensuring timely resolution of inventory discrepancies.
Spot Inventory: Conducted for warehouse refusal issues, helping to confirm inventory status and condition.
Special Inventories: Triggered when there is a known imbalance between recorded and actual inventory or to resolve Supply Discrepancy Reports (SDRs).
Causative Research: Involves identifying, analyzing, and evaluating causes of inventory adjustments to prevent future errors.
Causative Research Timeline: Must be completed within 45 days after identifying inventory discrepancies.
Warehouse Refusal: Occurs when materials do not meet requested conditions, have expired shelf-life, or when accumulated unresolved balances exist.
Bouncebacks: Happen when the Inventory Control Point (ICP) shows available stock but the storage activity indicates none is available, leading to potential supply chain issues.
NAVSUP Form 1144: Documents performance data related to material availability and requisition processing efficiency.
DD Form 200 Definition: Known as the Financial Liability Investigation of Property Loss, vital for tracking accountability for property losses.
DD Form 200 Approving Authority: Typically the commanding officer, responsible for approving the investigation of property losses.
DD Form 200 Reviewing Authority: Managed by the Director of Physical Inventory, overseeing the integrity of inventory assessments.
DD Form 200 Appointing Authority: Designated in writing by the Approving Authority, commonly the Inventory Accuracy Officer, responsible for ensuring inventory standards.
DD Form 200 Financial Liability Officer: Must be a commissioned officer, warrant officer, senior enlisted (E-7 to E-9), civilian GS-9 or above, or the Appointing Authority, carrying the responsibility of financial oversight in property loss investigations.

Description

This quiz covers essential definitions and procedures outlined in NAVSUP P-723. It focuses on inventory management practices such as unscheduled inventories, causative research, and special inventories. Test your knowledge on compliance and operational standards for maintaining stock levels effectively.