CFR > Title 41 - Public Contracts and Property Management > SUBTITLE C—Federal Property Management Regulations System > CHAPTER 109—DEPARTMENT OF ENERGY PROPERTY MANAGEMENT REGULATIONS (parts 109-1 to 109-50) > SUBCHAPTER E—SUPPLY AND PROCUREMENT (parts 109-25 to 109-30) > PART 109-27—INVENTORY MANAGEMENT > 109-27.000-50—Definitions.

109-27.000-50—Definitions.

As used in this part the following definitions apply:
Inventories mean stocks of stores, construction, supplies, and parts used in support of DOE programs.
Inventory management means the efficient use of methods, procedures and techniques for recording, analyzing, and adjusting inventories in accordance with established policy. The following related functions are included:
(1) Providing adequate protection against misuse, theft, and misappropriation.
(2) Providing accurate analyses of quantities to determine requirements so that only minimal obsolescence losses will be encountered, while ensuring adequate inventory levels to meet program schedules.
(3) Providing adequate and accessible storage facilities and services based upon analyses of program requirements so that a minimum and economical amount of time is required to service the program.
Stock record means a device for collecting, storing, and providing historical data on recurring transactions for each line item of inventory.
Sub-store means a geographically removed part of the main store's operation conducted as a subordinate element of it and subject to the same management policies and inventory controls.
Systems contracting means a materials management purchasing technique for the purchase of general, common-use, and repetitive supply items in a particular product family. An example is office supplies, purchased from a commercial vendor, that are needed for immediate use instead of purchasing in bulk for future use, storing in warehouses, and issuing to customers by use of a requisitioning system. Systems contracting and just-in-time contracting are synonymous.