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Newly Issued DoD Asset Physical Accountability Policy

Quick blog post to advise the life cycle logistics community that DoD recently issued a new DoD Instruction 4140.73 Asset Physical Accountability Policy. This new issuance: “Establishes policy,…

Newly Issued DoD Asset Physical Accountability Policy

Bill Kobren
Quick blog post to advise the life cycle logistics community that DoD recently issued a new DoD Instruction 4140.73 Asset Physical Accountability Policy. This new issuance:
  • “Establishes policy, assigns responsibilities, and prescribes procedures for the management of physical accountability of DoD-owned assets including general equipment (GE), materiel, and operating material and supplies (OM&S).
  • Establishes sustainable and auditable physical inventory processes that produce an accurate and complete accountability of DoD-owned assets with a full reconciliation of DoD-owned assets to the financial records.
  • Establishes the overarching policy for physical accountability with references to the existing issuances with DoD-owned asset accountability procedures for GE, materiel, and OM&S.
  • Ties the logistics, financial, and audit communities together with a common framework of required outcomes for physical accountability of DoD-owned assets.”