[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: 41CFR101-27.404]



[Page 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. 101-27.404  Review of items.



    Except for standby or reserve stocks, items in inventory shall be 

reviewed periodically (at least annually) to identify those which are 

inactive and slow-moving. This review may be conducted coincidently with 

the normal replenishment or long supply reviews. The estimate of current 

or future requirements for an item shall be based on its recent history 

of recurring requirements. Standby items shall also be reviewed at 

appropriate intervals to substantiate their qualification for inclusion 

in that category.