What is the purpose of an “End-of-Year Inventory”?

The purpose of an “End-of-Year Inventory” primarily revolves around verifying the physical existence of property and ensuring accurate accounting. This process involves physically counting and assessing all inventory items to confirm their presence and condition compared to what is recorded in the inventory management system. This verification helps identify discrepancies, ensuring accountability in handling and management of property, equipment, and supplies.

Maintaining accurate records is critical not only for operational efficiency but also for compliance with regulations that govern military logistics and supply chain management. An accurate inventory also aids in future budgeting and planning for resource allocation.

The other options, while important in their own right, do not align with the specific focus of an End-of-Year Inventory. Employee performance assessment, evaluating training needs, or calculating unit readiness levels are distinct processes that serve different management and operational objectives. Understanding the primary goal of an End-of-Year Inventory helps in appreciating its role in sound supply management practices.