The OIG Audit Division conducted an audit to assess the effectiveness of GPO’s inventory management and identify opportunities for cost savings and program improvements. Our audit focused on non-moving inventory.
Open Recommendations
Recommendation Number | Significant Recommendation | Recommended Questioned Costs | Recommended Funds for Better Use | Additional Details | |
---|---|---|---|---|---|
25-09-01 | No | $0 | $0 | ||
Review GPO Instructions 810.5B, Organization and Functions of the Board of Survey, and 810.11B, GPO Property Management Program, for applicability and update or replace them with policies and standard operating procedures that align with the | |||||
25-09-02 | No | $0 | $0 | ||
Develop and implement comprehensive procedures for conducting inventory counts, regardless of physical storage location. These procedures should include, but not be limited to: | |||||
25-09-03 | No | $0 | $304,000 | ||
Take appropriate action to pursue potential revenue opportunities for the 155 non-moving inventory items, valued at nearly $304,000, in funds be put to better use, identified in this audit. | |||||
25-09-04 | No | $0 | $0 | ||
Take appropriate action to remedy the $39,000 overstatement in the inventory management system for the 44 inventory items identified in this audit. |