[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: 41CFR101-27.403]



[Page 124-125]

 

           TITLE 41--PUBLIC CONTRACTS AND PROPERTY MANAGEMENT

 

          CHAPTER 101--FEDERAL PROPERTY MANAGEMENT REGULATIONS

 

PART 101-27_INVENTORY MANAGEMENT--Table of Contents

 

          Subpart 101-27.4_Elimination of Items From Inventory

 

Sec. 101-27.403  General.



    By eliminating inactive items and slow-moving items which are 

readily available, when needed, from Government wholesale supply 

activities or from commercial sources, the costs to the Government in 

inventory investment and for maintaining the items in inventory can be 

eliminated. An ``inactive item'' is an item for which no current or 

future requirements are recognized by previous users and the item 

manager. A ``slow-moving item'' is an



[[Page 125]]



item for which there are current or future requirements, but the 

frequency and quantity of such requirements do not make it economical to 

stock them in lieu of obtaining requirements from other sources when 

needed. However, ``standby or reserve items'' are not to be eliminated 

from inventories. A ``standby or reserve item'' is an item for which a 

reserve stock is held so that the items will be available immediately to 

meet emergencies for which there is insufficient time to procure or 

requisition the items without endangering life or causing substantial 

financial loss to the Government.



[41 FR 3859, Jan. 27, 1976]