Defense Working Capital Fund Pricing Policies

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Publisher : RAND Corporation
ISBN 13 : 9780833027450
Total Pages : 0 pages
Book Rating : 4.0/5 (274 download)

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Book Synopsis Defense Working Capital Fund Pricing Policies by : Edward Geoffrey Keating

Download or read book Defense Working Capital Fund Pricing Policies written by Edward Geoffrey Keating and published by RAND Corporation. This book was released on 1999 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Defense Finance and Accounting Service (DFAS), created in 1991 through the consolidation of military service-specific accounting and finance operations, provides a variety of services to Department of Defense (DoD) customers, such as payroll, bill payment, and generation of accounting statements. Examining DFAS data on expenditures and workload to explore possibilities for improved operations, the authors argue that current linear pricing of DFAS services is inappropriate. In particular, DFAS expenditures neither increase nor decrease commensurate with workload. DFAS's pricing could be improved by a switch to a nonlinear approach, distributing fixed costs among customers using open-the-door transfer payments and charging only incremental costs to customers on a per work unit basis. Such a pricing reform would require changes to current Defense Working Capital Fund (DWCF) regulations.

Defense Working Capital Fund Pricing Policies: Insights from the Defense Finance and Accounting Service

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (946 download)

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Book Synopsis Defense Working Capital Fund Pricing Policies: Insights from the Defense Finance and Accounting Service by :

Download or read book Defense Working Capital Fund Pricing Policies: Insights from the Defense Finance and Accounting Service written by and published by . This book was released on 1999 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Defense Finance and Accounting Service (DFAS) is a defense agency created in 1991 to provide finance and accounting services (e.g., personnel and contract payments, trial balances, travel voucher handling) for the Department of Defense (DoD). DFAS agglomerated what had been service-specific facilities and personnel providing such services. DFAS is also a Defense Working Capital Fund (DWCF) activity, which recovers its operating costs through customer fees.

Defense Working Capital Fund Pricing Policies: Insights from the Defense Finance and Accounting Service

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Publisher :
ISBN 13 :
Total Pages : 61 pages
Book Rating : 4.:/5 (227 download)

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Book Synopsis Defense Working Capital Fund Pricing Policies: Insights from the Defense Finance and Accounting Service by :

Download or read book Defense Working Capital Fund Pricing Policies: Insights from the Defense Finance and Accounting Service written by and published by . This book was released on 1999 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Defense Finance and Accounting Service (DFAS) is a defense agency created in 1991 to provide finance and accounting services (e.g., personnel and contract payments, trial balances, travel voucher handling) for the Department of Defense (DoD). DFAS agglomerated what had been service-specific facilities and personnel providing such services. DFAS is also a Defense Working Capital Fund (DWCF) activity, which recovers its operating costs through customer fees.

Challenges in Defense Working Capital Fund Pricing: Analysis of the Defense Finance and Accounting Service

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Author :
Publisher :
ISBN 13 :
Total Pages : 61 pages
Book Rating : 4.:/5 (946 download)

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Book Synopsis Challenges in Defense Working Capital Fund Pricing: Analysis of the Defense Finance and Accounting Service by :

Download or read book Challenges in Defense Working Capital Fund Pricing: Analysis of the Defense Finance and Accounting Service written by and published by . This book was released on 2003 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Defense Finance and Accounting Service (DFAS) provides finance services (such as paying military members, government-employed civilians, and contractors) and accounting services (such as tabulation and analysis of customer obligations and expenditures) to Department of Defense (DoD) customers This report examines the DFAS pricing structure and its impact on customer incentives and behavior. We believe the DFAS pricing structure is important on two levels. First, with approximately $2 billion in expenditures per year, DFAS itself is a sizable portion of the DoD infrastructure Second, we believe the pricing issues that DFAS confronts are similar to those faced by other Defense Working Capital Fund (DWCF) organizations, including the Defense Logistics Agency (DLA), the Defense information Systems Agency (DISA), the Defense Commissary Agency (DeCA), and the military services' depot systems. Analysis of DFAS's pricing issues might therefore provide insights into the pricing structures of DoD working capital fund organizations in general Like other DWCF organizations, DFAS covers its expenditures by charging customers for its services DFAS charges per "work unit" (e.g., per account paid) for its finance services and charges by the hour for its accounting services. Hourly rates for accounting services vary by customer; finance fees generally do not Various finance products represented about half of the DFAS regions' fiscal year 2001 (FY01) expenditures, accounting represented about 40 percent of the regions' expenditures, and information services represented about 10 percent.

Challenges in Defense Working Capital Fund Pricing: Analysis of the Defense Finance and Accounting Service

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Author :
Publisher :
ISBN 13 :
Total Pages : 61 pages
Book Rating : 4.:/5 (946 download)

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Book Synopsis Challenges in Defense Working Capital Fund Pricing: Analysis of the Defense Finance and Accounting Service by :

Download or read book Challenges in Defense Working Capital Fund Pricing: Analysis of the Defense Finance and Accounting Service written by and published by . This book was released on 2003 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Defense Finance and Accounting Service (DFAS) provides finance services (such as paying military members, government-employed civilians, and contractors) and accounting services (such as tabulation and analysis of customer obligations and expenditures) to Department of Defense (DoD) customers This report examines the DFAS pricing structure and its impact on customer incentives and behavior. We believe the DFAS pricing structure is important on two levels. First, with approximately $2 billion in expenditures per year, DFAS itself is a sizable portion of the DoD infrastructure Second, we believe the pricing issues that DFAS confronts are similar to those faced by other Defense Working Capital Fund (DWCF) organizations, including the Defense Logistics Agency (DLA), the Defense information Systems Agency (DISA), the Defense Commissary Agency (DeCA), and the military services' depot systems. Analysis of DFAS's pricing issues might therefore provide insights into the pricing structures of DoD working capital fund organizations in general Like other DWCF organizations, DFAS covers its expenditures by charging customers for its services DFAS charges per "work unit" (e.g., per account paid) for its finance services and charges by the hour for its accounting services. Hourly rates for accounting services vary by customer; finance fees generally do not Various finance products represented about half of the DFAS regions' fiscal year 2001 (FY01) expenditures, accounting represented about 40 percent of the regions' expenditures, and information services represented about 10 percent.

Improving the DoD's Defense Finance and Accounting Service

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Author :
Publisher :
ISBN 13 :
Total Pages : 2 pages
Book Rating : 4.:/5 (478 download)

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Book Synopsis Improving the DoD's Defense Finance and Accounting Service by :

Download or read book Improving the DoD's Defense Finance and Accounting Service written by and published by . This book was released on 2001 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt:

RAND Research Brief: Improving the DoD's Defense Finance and Accounting Service

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Publisher :
ISBN 13 :
Total Pages : 2 pages
Book Rating : 4.:/5 (227 download)

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Book Synopsis RAND Research Brief: Improving the DoD's Defense Finance and Accounting Service by :

Download or read book RAND Research Brief: Improving the DoD's Defense Finance and Accounting Service written by and published by . This book was released on 2001 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt: As part of its ongoing improvement efforts, the Department of Defense (DoD) is exploring new ways to enhance the performance of its Defense Finance and Accounting Service (DFAS). Created in 1991, DFAS provides a variety of finance and accounting services, including payroll, bill payment, and budget tabulation, for the military services and other DoD entities. The establishment of DFAS has streamlined DoD finance and accounting operations by consolidating a multitude of service-specific facilities. DFAS handles an enormous volume of transactions. Virtually all of the DoD's annual budget flows through this agency. Recently, DFAS asked RAND's National Defense Research Institute (NDRI) to identify opportunities for performance improvement. The results of this research are documented in two RAND reports, Defense Working Capital Fund Pricing Policies: Insights from the Defense Finance and Accounting Service and Improving the Defense Finance and Accounting Service's Interactions with Its Customers. These studies, led by RAND economist Edward Keating, found that DFAS's performance could be improved through changes in DFAS's pricing system and in the nature of many of its transactions with customers.

Defense Working Capital Fund Pricing in the Defense Finance and Accounting Service

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Author :
Publisher : Rand Corporation
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4./5 ( download)

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Book Synopsis Defense Working Capital Fund Pricing in the Defense Finance and Accounting Service by : Edward Geoffrey Keating

Download or read book Defense Working Capital Fund Pricing in the Defense Finance and Accounting Service written by Edward Geoffrey Keating and published by Rand Corporation. This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: RAND researchers consider the advantages and disadvantages of funding the Defense Finance and Accounting Service through a Defense Working Capital Fund versus using direct appropriations.

Defense Finance and Accounting Service

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Publisher :
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.3/5 (121 download)

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Book Synopsis Defense Finance and Accounting Service by : United States. Defense Finance and Accounting Service

Download or read book Defense Finance and Accounting Service written by United States. Defense Finance and Accounting Service and published by . This book was released on 1997 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Maritime Supply Chains

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Publisher : Elsevier
ISBN 13 : 0128189320
Total Pages : 302 pages
Book Rating : 4.1/5 (281 download)

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Book Synopsis Maritime Supply Chains by : Thierry Vanelslander

Download or read book Maritime Supply Chains written by Thierry Vanelslander and published by Elsevier. This book was released on 2020-03-24 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: Maritime Supply Chains breaks the maritime chain into components, consistently relating them to the overall integrated supply chain. The book not only analyzes and provides solutions to frequently encountered problems and key operational issues, it also applies cutting-edge scientific techniques on the maritime supply chain. Sections consider shipping, ports and terminals, hinterland and the issues that intersect different parts of the chain. Readers will find discussions of the various actors at play and how they relate to the overall function of the supply chain. Finally, the book offers solutions to the most pressing problems, thus providing a unique, well-balanced account. - Provides a comprehensive and integrative account of the maritime supply chain, from shipping, to port, to hinterland - Cuts through the maritime supply chain to offer a transversal picture on how the chain functions - Applies rigorous analytical techniques to give solutions to the most frequent and pressing challenges facing maritime supply chains - Considers advances, such as blockchain, that are set to transform maritime supply chains

Defense Management

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Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.:/5 (112 download)

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Book Synopsis Defense Management by : United States. Government Accountability Office

Download or read book Defense Management written by United States. Government Accountability Office and published by . This book was released on 2019 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: As DOD continues to focus its resources on improving military readiness and modernizing its forces, it seeks to minimize costs associated with its business operations. DFAS, DISA, and DLA are financed through the Defense- Wide Working Capital Fund (DWWCF). Collectively, they provide shared services and goods to their customers, including finance and accounting services; information technology services; and fuel provision and inventory management. This report evaluates the extent to which DFAS, DISA, and DLA (1) have a process for setting rates to recover costs and provide transparent pricing to customers and (2) clearly delineate roles and responsibilities, measure performance, and assess resource requirements and customer needs. GAO recommends that DFAS, DISA, and DLA provide more complete information to customers on their rate- setting methodologies.

Defense Working Capital Fund

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Author :
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781976352706
Total Pages : 46 pages
Book Rating : 4.3/5 (527 download)

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Book Synopsis Defense Working Capital Fund by : Government Accountability Office

Download or read book Defense Working Capital Fund written by Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-09-13 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: According to the Department of Defense's (DOD) fiscal year 2006 budget estimates, working capital fund activity groups (depot maintenance, ordnance, and research and development) will have about $6.3 billion of funded work that will be carried over from fiscal year 2006 into fiscal year 2007. The congressional defense committees recognize that these activity groups need some carryover to ensure smooth work flow from one fiscal year to the next. However, the committees have previously raised concern that the amount of carryover may be more than is needed. GAO was asked to determine (1) if the military services' carryover calculations were in compliance with DOD's new carryover policy and (2) if customers were submitting orders to working capital fund activities late in the fiscal year and, if so, the effect this practice has had on carryover.

DEFENSE WORKING CAPITAL FUND: Improvements Needed for Managing the Backlog of Funded Work

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Publisher :
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.:/5 (946 download)

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Book Synopsis DEFENSE WORKING CAPITAL FUND: Improvements Needed for Managing the Backlog of Funded Work by :

Download or read book DEFENSE WORKING CAPITAL FUND: Improvements Needed for Managing the Backlog of Funded Work written by and published by . This book was released on 2001 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report assesses the working capital fund policies and practices related to carryover. Specifically, our objectives were to review (1) the basis for DoD's 3 month carryover policy, (2) the military services' implementation of this policy, (3) the military services' budgeted versus reported actual carryover amounts and whether there were any instances when the reported year-end carryover exceeded the 3 month policy, and (4) the potential financial and operational impact of reducing the amount of permitted carryover.

Defense Finance and Accounting Service Billing Rates

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Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (227 download)

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Book Synopsis Defense Finance and Accounting Service Billing Rates by :

Download or read book Defense Finance and Accounting Service Billing Rates written by and published by . This book was released on 1996 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the second in a series of reports we plan to issue as part of our Audit of the Defense Finance and Accounting Service Administration of Unit Cost Rates. As part of the Defense Business Operations Fund, the Defense Finance and Accounting Service (DFAS) is required to recover operating costs by charging fees or cost recovery rates to customers for goods and services. The Defense Business Operations Fund pricing policy requires that cost recovery rates, or billing rates, promote cost visibility and motivate cost effective behavior.

Improving the Defense Finance and Accounting Service's Interactions With Its Customers

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Publisher :
ISBN 13 :
Total Pages : 67 pages
Book Rating : 4.:/5 (227 download)

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Book Synopsis Improving the Defense Finance and Accounting Service's Interactions With Its Customers by :

Download or read book Improving the Defense Finance and Accounting Service's Interactions With Its Customers written by and published by . This book was released on 2001 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work grew out of earlier research that RAND conducted for Defense Finance and Accounting Service (DFAS) leadership. That earlier work, discussed in Keating and Gates (1999), focused on DFAS's internal cost structure and the implications that cost structure held for DFAS pricing policies. Because that research focused internally, the logical next step was to focus externally, on the interactions DFAS has with its customers. The scope of the research was deliberately broad; DFAS had received customer complaints, but wanted RAND to take a comprehensive look at all of its customer interactions without preconceived ideas about where the problems lay.

Acquisition Logistics Guide

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Author :
Publisher : U.S. Government Printing Office
ISBN 13 :
Total Pages : 376 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Acquisition Logistics Guide by :

Download or read book Acquisition Logistics Guide written by and published by U.S. Government Printing Office. This book was released on 1997 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Government Performance and Results Act Reporting on Defense Working Capital Funds Net Operating Results

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Publisher :
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.:/5 (227 download)

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Book Synopsis Government Performance and Results Act Reporting on Defense Working Capital Funds Net Operating Results by :

Download or read book Government Performance and Results Act Reporting on Defense Working Capital Funds Net Operating Results written by and published by . This book was released on 2001 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Government Performance and Results Act of 1993 requires agencies to submit annual performance reports in March of each year. The DoD annual performance report is published in the Annual Report to the President and Congress (Annual Defense Report). This audit relates to DoD Subordinate Performance Goal 2.3, "Streamline the DoD infrastructure by redesigning the Departments support structure and pursuing business practice reforms". The Defense Working Capital Fund provides support services to the Military Departments. The support services include supply management, depot maintenance, finance and accounting, information services, and commissary. The overall objective of the audit was to determine whether the net operating results for the activity groups of the Defense Working Capital Fund were consistently and accurately compiled. We also assessed internal controls to determine whether management complied with the Government Performance and Results Act of 1993.