[Code of Federal Regulations]

[Title 41, Volume 2]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 41CFR101-27.303]



[Page 122]

 

           TITLE 41--PUBLIC CONTRACTS AND PROPERTY MANAGEMENT

 

          CHAPTER 101--FEDERAL PROPERTY MANAGEMENT REGULATIONS

 

PART 101-27_INVENTORY MANAGEMENT--Table of Contents

 

             Subpart 101-27.3_Maximizing Use of Inventories

 

Sec. 101-27.303  Reducing long supply.



    Through effective interagency matching of material and requirements 

before the material becomes excess, unnecessary procurements and 

investment losses can be reduced. Timely action is required to reduce 

inventories to their normal stock levels by curtailing procurement and 

by utilizing and redistributing long supply. (The term long supply means 

the increment of inventory of an item that exceeds the stock level 

criteria established for that item by the inventory manager, but 

excludes quantities to be declared excess.) In this connection, 

requirements for agency managed items should be obtained from long 

supply inventories offered by agencies rather than by procurement from 

commercial sources. Because supply requirements usually fluctuate over a 

period of time, a long supply quantity which is 10 percent or less of 

the total stock of the item is considered marginal and need not be 

reduced.



[41 FR 3858, Jan. 27, 1976]