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May 13, 2013

Financial Improvement and Audit Readiness

Audit Readiness, Financial Improvement, and Auditability … FIAR. Have you been hearing these terms a lot lately? Have you been wondering what exactly they all mean and why they matter? To begin to understand these words and how they are going to i...

May 13, 2013

Navy Audit Readiness … FIAR is Your Friend

With concerted efforts throughout the Navy, we are well on our way towards meeting former Secretary of Defense Leon Panetta’s 2014 Audit Readiness goals. Using a crawl, walk, run approach to building necessary skill sets, making needed proc...

April 22, 2013

What Performance Based Logistics Means to the Wrench Turner

130218-N-TC437-114 U.S. 5TH FLEET AREA OF RESPONSIBILITY (Feb. 18, 2013) Aviation Structural Mechanic (Equipment) 3rd Class Kaylee Struck, fom Newan, Ga., conducts maintenance on an F/A-18C Hornet from the Golden Dragons of the Strike Fighter Squadr...

April 22, 2013

A NACO Intern Perspective ... Gaining a Contracting Appreciation

A Perspective of Initial Exposure to the NACO Program through the eyes of a Junior Officer My brief time as a Navy Acquisition Contracting Officer (NACO) intern has been an eye-opening experience regarding the importance of contracting in the gover...

April 22, 2013

Strategic Sourcing ... Helping Analyze an Organization’s Spending

In mid-2005, the Office of Management and Budget (OMB) released a memorandum, which defined Strategic Sourcing as a collaborative and structured proce......

April 22, 2013

OPNAV and NAVSUP Collaborations ... Managing Service Contracts Through Appropriate Governance and Oversight

As the Navy seeks to gain efficiencies, the Office of the Chief of Naval Operations (OPNAV) staff is leading the way as the responsible steward of tax......

April 22, 2013

The Navy Working Capital Fund Budget & Execution Cycle

[caption id="attachment_709" align="alignleft" width="150"] Cmdr. Steve MacdonaldNavy Working Capital Fund Branch Head (Acting)[/caption] The budget to execution cycle is demanding, and more so when you can only execute at last year’s plan during ...

April 22, 2013

NAVSUP FLC Norfolk Contracting Team Visits USS Bataan

NAVSUP FLC Norfolk Contracting Specialist Liz Pangrec asks Lt. Jason Ileto, Aviation Stores Officer, USS Bataan (LHD 5) about maintenance and repair of the well deck. ...

April 22, 2013

NACO Internship at NAVSEA

 When I reported aboard my first ship, USS Sterett (DDG 104), the Supply Officer I relieved had been accepted to a fuels internship in Hawaii.   Be......