DPAS SCR: 01700

• SCR Number
  01700
• Title
  Implement DLMS ADC 1400 - Reporting Inventory Cost Changes via DLMS 947I
• DPAS Module
  Materiel Management
• Reporting Organization
  Leidos
• State
  Done
• History
  Submitted: 24 May 2021
• Description

  Description
  DLMS ADC 1400 provides CICPs to report a missing cost element e.g. Updated MAC, or LAC via the DLMS 947I.  When materiel is received by a CICP, often times then Latest Actual Cost is not known due to the item having to go through their accounting system to have contract approved overhead costing applied.  This change is to provide the CICP a method for reporting the LAC post the applying of the overhead and other costs that may not be known at the time of the receipt, updated MAC and the item's Standard Price, as needed. This ADC also contains an administrative change for the DLMS 527R receipt that should be reviewed for possible changes to the DPAS user documentation.

  Recommended
  With DPAS currently support the Air Force CICP programs for financial reporting of the inventory held by the contractor, DPAS will need to be modified to use the updated LAC / revised MAC in its valuation of the inventory and financial reporting of the inventory.  Upon receipt of the 947I, DPAS will need to review and make the necessary valuation adjustment as needed.

  Mission Critical
  Yes - This SCR requires implementation to accurately report the financial value of the inventory held by the contractor.  This SCR is being submitted to implement DLMS ADC 1400.

  Benefits
  The benefits of this SCR is the improved accuracy in the financial reporting of the cost of goods managed by a CICP contractor.

  Users
  All components using DPAS to financially account for inventory in the custody of a CICP.

  Completed – Release 2021.4 – 17 December 2021