Accession Number : ADA241058
Title : General Support Division of the Air Force Stock Fund What Are the Problems and Proposed Solutions?
Descriptive Note : Research rept.,
Corporate Author : AIR WAR COLL MAXWELL AFB AL
Personal Author(s) : Rashmussen, Robert K.
Report Date : APR 1990
Pagination or Media Count : 85
Abstract : The Air Force Stock Fund encountered serious difficulties between fiscal years (FY) 1987 and 1989. Cash management, outlay projections, and inventory accumulations became major concerns. As a result, the Office of the Secretary of Defense (OSD) implemented significant stock fund financial controls. The resulting micro management significantly complicated the Air Forces day-to-day capabilities to support the customer. Supply faced great difficulty in procuring needed supplies and financially managing the GSD program. The corrective actions sponsored by a general officer steering group working stock fund issues have improved and nearly normalized supply operations. A new management focus is now employed, however, which places more emphasis on financial management. This focus and the experience of FY 87 to FY 89 will be useful as the Air Force incorporates major stock fund changes being directed by OSD. Knowledge of the stock fund and its more important financial aspects will be essential for resource managers in the 1990s.
Descriptors : *AIR FORCE BUDGETS, *LOGISTICS MANAGEMENT, FINANCIAL MANAGEMENT, INVENTORY, ACCOUNTING.
Subject Categories : Military Forces and Organizations
Logistics, Military Facilities and Supplies
Economics and Cost Analysis
Distribution Statement : APPROVED FOR PUBLIC RELEASE