MPs warn of weakness MoD stocks

Link: MoD accounting under fire

The House of Commons public accounts committee said in a report last week that promises by the MoD to improve its systems had failed.

In its paper Ministry of Defence: Progress in Reducing Stocks, the all-party committee of MPs concluded: ?The department cannot hope to get a grip on its inventory management while its stock data are unreliable and it cannot fully account for departmental assets held by industry.

‘These weaknesses have led the comptroller and auditor general to qualify his opinion on the department?s resource accounts, and they need to be addressed as a matter of priority. The department should draw up a firm plan for the introduction of information systems consistent with modern supply chain management, with details of the numbers, location, price and forecast demand for stock.’

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