Why does the Department of Defense (DoD) need reliable information on the identity of the assets it owns?
The federal government lacks complete and reliable information for reported inventory and other property and equipment, and cannot determine that all assets are reported, verify the existence of inventory, or substantiate the amount of reported inventory and property (Source: General Accounting Office (GAO) GAO-02-447G, Executive Guide, Best Practices in Achieving Consistent, Accurate Physical Counts of Inventory and Related Property, March 2002, page 6).
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