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- catalog abstract "As the Army has implemented initiatives to improve its basic logistics processes, it has found that these processes are hampered by a financial management system that is slow and inaccurate and that creates errors and delays. This report documents analysis supporting the Army's effort to improve its logistics financial management (FM) processes using Velocity Management's Define-Measure-Improve methodology. In defining the FM process, researchers developed process maps that showed that the delivery of conflicting information from the supply and finance systems forces units to create time-consuming, manual reconciliation processes to determine their remaining budgets. Researchers identified metrics to measure performance: quality of price and credit information and financial wait time--the time it takes for a supply transaction to be closed out in the financial system. To improve the quality of price and credit information and eliminate the need for manual reconciliation, the researchers recommended that the prices and credits in place when a transaction is first undertaken should be the prices and credits that are used for all records of the transaction.".
- catalog contributor b11851576.
- catalog contributor b11851577.
- catalog contributor b11851578.
- catalog created "2000.".
- catalog date "2000".
- catalog date "2000.".
- catalog dateCopyrighted "2000.".
- catalog description "As the Army has implemented initiatives to improve its basic logistics processes, it has found that these processes are hampered by a financial management system that is slow and inaccurate and that creates errors and delays. This report documents analysis supporting the Army's effort to improve its logistics financial management (FM) processes using Velocity Management's Define-Measure-Improve methodology. In defining the FM process, researchers developed process maps that showed that the delivery of conflicting information from the supply and finance systems forces units to create time-consuming, manual reconciliation processes to determine their remaining budgets. Researchers identified metrics to measure performance: quality of price and credit information and financial wait time--the time it takes for a supply transaction to be closed out in the financial system. To improve the quality of price and credit information and eliminate the need for manual reconciliation, the researchers recommended that the prices and credits in place when a transaction is first undertaken should be the prices and credits that are used for all records of the transaction.".
- catalog description "Ch. 1. Introduction -- Ch. 2. Defining the Unit Financial Management Process -- Information the Company Commander Needs -- Determining Inputs to, and Outputs from, the Unit Financial Management Process -- Mapping the Unit Financial Management Process -- Other Maps of Related Processes -- Ch. 3. Measuring the Financial Management Process -- Quality of Price Information -- Quality of Credit Information -- Financial Wait Time (FWT) -- Ch. 4. Improving the Financial Management Process -- Improving the Quality of Price Information -- Improving the Quality of Credit Information -- Improving FWT -- Future Investigation -- App. A. Velocity Management -- App. B. The Benefits of Stock Funding.".
- catalog description "Includes bibliographical references.".
- catalog extent "xxiv, 81 p. :".
- catalog identifier "0833028545".
- catalog issued "2000".
- catalog issued "2000.".
- catalog language "eng".
- catalog publisher "Santa Monica, CA : Rand,".
- catalog subject "355.6/21/0973 21".
- catalog subject "UC263 .M273 2000".
- catalog subject "United States. Army Appropriations and expenditures.".
- catalog subject "United States. Army Management.".
- catalog subject "United States. Army Supplies and stores.".
- catalog tableOfContents "Ch. 1. Introduction -- Ch. 2. Defining the Unit Financial Management Process -- Information the Company Commander Needs -- Determining Inputs to, and Outputs from, the Unit Financial Management Process -- Mapping the Unit Financial Management Process -- Other Maps of Related Processes -- Ch. 3. Measuring the Financial Management Process -- Quality of Price Information -- Quality of Credit Information -- Financial Wait Time (FWT) -- Ch. 4. Improving the Financial Management Process -- Improving the Quality of Price Information -- Improving the Quality of Credit Information -- Improving FWT -- Future Investigation -- App. A. Velocity Management -- App. B. The Benefits of Stock Funding.".
- catalog title "Dollars and sense : a process improvement approach to logistics financial management / Marygail K. Brauner ... [et al.].".
- catalog type "text".