BOP Program Statement 8331.03 § 1

To provide guidance for maintaining accurate inventory records and conducting physical

inventories within Federal Prison Industries (FPI).

a. Summary of Changes

Policy Rescinded

P8331.02 Physical Inventories – FPI (1/11/00)

The following changes have been incorporated in this Program Statement:

■ Individual guidance on performing the various inventory counts.

■ Greater emphasis on segregation of duties for the inventory-taking process.

■ Defining roles for factory-level inventory administration.

b. Program Objectives. Expected results of this program are:

■ Accurate and reliable inventory records will be maintained at each FPI factory location.

■ Physical inventory test counts will be conducted to ensure that inventory problems are

identified and corrected on a continuing basis.

■ Inventory schedules and plans will be developed for each annual physical inventory

performed.

■ Required reports and records will be completed accurately, in a timely manner, and maintained

at the factory location.

c. Institution Supplement. None required. Should local facilities make any changes

outside the required changes in the national policy or establish any additional local

procedures to implement the national policy, the local Union may invoke to negotiate

procedures or appropriate arrangements.