NAVSUP P-723 Quiz and Flashcards: Key Definitions

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.