Section 8-B2202. INVENTORY MANAGEMENT

 

2202.1The Accountable Property Officer shall maintain such control of personal property inventories as will assure the University that the total cost involved will be kept to the minimum in keeping with needs and consistent with the program needs of the institution.

 

2202.2The University shall not stock excessive inventories, and shall whenever possible, order items in quantities not to exceed the normal and ordinary consumption, said consumption to be determined by the average of the previous year use levels or actual stated need.

 

2202.3If the Accountable Property Officer determines that acquired quantities of short shelf-life materials will not be used within the shelf-life period, they shall be disposed of by sale within their useful shelf-life period.

 

2202.4When the quantity of property, including quantities due from procurement, is greater than 10 percent of the total stock of that item, the University shall cancel or curtail any outstanding requisition or procurement, on which award has not been made or shall cancel contracts items, if penalty charges are less then the anticipated lost due to overstocking, or substitute the acquisition for any other item sold by the vendor.

 

2202.7The University may exchange through intra-District sale property that the University has determined exceeds its needs or for which the University has an oversupply.

 

source

Final Rulemaking published at 38 DCR 1680 (March 15, 1991).