AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

Reverse or forward ... auctions save dollars.(online auctions)

Navy Supply Corps Newsletter

| January 01, 2003 | Dollase, Steve | COPYRIGHT 2003 U.S. Department of the Navy, Supply Systems Command. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

On Sept. 5, 2002, the Naval Inventory Control Point conducted the Navy's first two online forward auctions. These forward auctions were Web-based versions of what one typically thinks of as an auction--items are put up for sale.

These first two forward auctions were conducted in two phases, with each phase consisting of the sale by NAVICP of two stricken CH-53D helicopters and associated parts packages.

Three firms were registered to participate as bidders in the two auctions. The winning bidders are expected to refurbish the aircraft for commercial applications such as firefighting.

The two contracts resulting from the auctions are valued at nearly $5 million. The Naval Air Systems Command will receive the portion of the proceeds applicable to the aircraft and NAVICP will retain the remaining proceeds for the purchase of similar or like parts.

These forward auctions were part of NAVICP's innovative strategy to reduce U.S. Navy potential excess inventory, which consists of weapons system parts that the Navy might need to use later but will most likely replace with modified or state-of-the-art versions in the future. Internet-based forward auctions are NAVICP's revolutionary tool for turning this potential excess material into budgetary resources for future procurements; mining parts and weapons systems that might otherwise decay and become obsolete into funding for the next generation of weapons systems.

Related articles from newspapers, magazines, journals, and more
NAVICP's Vice Commander retires.(Around NAVSUP)
Newspaper article from: Navy Supply Corps Newsletter Gallagher, Sandra May 1, 2008 700+ words
...of dedicated government service at the NAVICP. Leggieri joined the Senior Executive...established Naval Inventory Control Point. The NAVICP was established with the unification of...During the 12 plus years Leggieri served as NAVICP's Vice Commander, she not only was...
NAVICP receives MUC award.(Around NAVSUP)
Newspaper article from: Navy Supply Corps Newsletter Gallagher, Sandra March 1, 2009 700+ words
...Commendation to the personnel of the Naval Inventory Control Point (NAVICP) in ceremonies held at NAVICP's Philadelphia and Mechanicsburg, Pa. sites. In his remarks to NAVICP personnel, Lyden stated, "It is an honor for a shore command to...
TestMart Awarded Contract to Build Naval E-commerce Marketplace; NAVICP selects...
Press release article from: Business Wire August 6, 2001 700+ words
...Defense Naval Inventory and Control Point (NAVICP). Under terms of the five-year agreement...Electronic Test Equipment (GPETE) division. NAVICP estimates that the contract will reduce...equipment, and track purchases against the NAVICP and TestMart product catalogs. Powerful...
NAVICP hosts fourth nuclear symposium.(Around NAVSUP)
Newspaper article from: Navy Supply Corps Newsletter Patno, Judith November 1, 2007 700+ words
Naval Inventory Control Point's (NAVICP) Nuclear Reactors Supply Chain Management...arena, and to respond to questions on how NAVICP conducts business. Over one hundred people...conference. [ILLUSTRATION OMITTED] NAVICP has been hosting the symposium in Mechanicsburg...
Two NAVICP teams recognized with DOD Performance Based Logistics Awards.(Around...
Newspaper article from: Navy Supply Corps Newsletter March 1, 2006 700+ words
Two Naval Inventory Control Point (NAVICP)-led Performance Based Logistics...Represented on the Navy/GE team are NAVICP, Naval Air Systems Command (NAVAIR...The Navy/Honeywell team consists of NAVICP, NAVAIR, NAVAIR Depots Cherry Point...
NAVICP recipient of SECNAV 2006 Financial Management and Comptroller Team...
Newspaper article from: Navy Supply Corps Newsletter Davis, James Gallagher, Sandra May 1, 2007 700+ words
The Naval Inventory Control Point (NAVICP) Civilian Personnel Resourcing Model...to the project. The team consisted of NAVICP Comptroller Directorate members Grace...Chuck Boose. [ILLUSTRATION OMITTED] The NAVICP Team was tasked to build a modeling tool...
Naval Supply Systems Command Office of Corporate Communications (Nov. 23,...
Magazine article from: Defense AT & L March 1, 2006 700+ words
Two Naval Inventory Control Point (NAVICP)-led performance-based logistics...Represented on the Navy/GE team are NAVICP, Naval Air Systems Command (NAVAIR...The Navy/Honeywell team consists of NAVICP, NAVAIR, NAVAIR Depots Cherry Point...
Orbit International Receives Additional Orders from NAVICP
Newspaper article from: Wireless News September 4, 2009 700+ words
...International Receives Additional Orders from NAVICP Type: News Orbit International, a defense...S. Naval Inventory Control Point (NAVICP), Mechanicsburg, PA. for the manufacture...These continuing contract awards from NAVICP for the Color PEP represent further evidence...
For more facts and information, see all results
©2009 Gale, a part of Cengage Learning. All rights reserved.
About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA