SECNAVINST 5200 - Navy Issuances

SECNAV M-5200.35JUNE 2008Example 10: Tab B-3 (Continued)Targeted Correction Date in Last Year's Report1st Quarter, FY 20XXCurrent Target DateN/AReason for Change in DatesN/AValidation ProcessAll corrective action(s) are certified by the responsible components upon completion and reviewedthrough on-site verification, subsequent audit, inspection, quality assurance review, and managementcontrol review.Results IndicatorNinety-five percent of all Sponsored Owned Material (SOM) inventories are recorded and trackedcorrectly.Source(s) Identifying WeaknessManagement Internal Control ReviewsCompleted Milestones (Progress to Date)Revised Naval Aviation Supply Office Instruction 4440.88 that implements the Inventory AccuracyOfficer Program to conform with Naval Supply Systems Command (NAVSUP) Instruction 4440.177and specifically include direction to: 1) provide the Inventory Accuracy Officer with the authority toextend across directorate lines and encompass all aspects of the organization whose work affects theaccuracy of inventory records and 2) require the weapons managers and contracting officers to notifythe Inventory Accuracy Department of situations that will prevent the normal updating of the inventoryrecords.Completed the implementation of the NAVSUP Realtime Residual Asset Management System(RRAM) at Cheatham Annex.Developed stocking objective for SOM - Addressed in NAVAIRINST 4451.2, Management of NAVAIRSponsor Owned Material.Issued procedures for maintaining the SOM Inventories under memo AIR 3.3.3/0005, dated 12 April20XX.Completed RRAM installation at the Foreign Military Sales Warehouse in Orange Park on 29November 20XX.Completed SOM inventory at China Lake.Completed inventories of Interim Supply Support, Foreign Military Sales Reserve and SpecialTooling/Special Test Equipment material.Certified that 94% of all Sponsored Owned Material (SOM) inventories are recorded and trackedcorrectly according to FY 2005 management control review.Planned Milestones - Next Fiscal YearN/A35