The Financial Improvement and Audit Readiness (FIAR) initiative will reach a major milestone on September 30, 2017. The entire Defense community needs to understand that as we begin Fiscal Year 2018 on October 1st -- the FIAR Directive dictates that all accountable assets be audit ready. The US Congress is holding the DoD accountable to [...]
Big milestones are coming up in 2017 for the FIAR (Financial Improvement and Audit Readiness) Directorate, which will affect the way defense contractors do business. It is imperative that all contractors understand and follow the new Directorate, and also understand how Auto ID technology such as barcode and RFID, lies at the core of FIAR [...]
One of the challenges facing the Department of Defense this year is the FIAR mandate. The Financial Improvement and Audit-Readiness (FIAR) Plan has evolved and matured over the years; but, the current deadlines and regulations were set by Congress in the National Defense Authorization Act of 2010. The FIAR mandate requires that the DoD needs [...]
The Department of Defense has made it clear that it is committed to having fully auditable financial statements by the end of September 2017. This was the deadline that was established by Congress in the National Defense Authorization Act of 2010. Since 2005, when the Financial Improvement and Audit Readiness (FIAR) Plan was first issued [...]
Why would you ever want to use both RFID and barcode tags on the same asset? It might seem redundant to use two methods of tracking, but in certain operations there are distinct advantages to having both. Barcode and RFID asset tracking systems each have their strengths. For inventory functions; such as, performing cycle [...]
Since 2009, the Department of Defense has been working on the Financial Improvement and Audit Readiness (FIAR) directorate in an effort to become audit-ready by September 2017. This department-wide endeavor requires military contractors and program managers to report property existence and to validate the completeness of their inventory records by this date. Whether you’re [...]
How Do You Determine if You Need to Mark an Asset with an IUID Label? Do you have a contract with the government? How would you know if that contract requires you to mark your assets with an IUID label? How would you know what is required on the label to achieve full IUID compliance? [...]
Barcode technology has been around for many years and most people at this point, no matter their industry, are familiar with it. One of the biggest hurdles with a barcode system is that you’re working with assets one at a time. When you’re out doing a physical inventory, you’ll need to use a barcode reader [...]
Winning a federal contract is an exciting opportunity for any business — but, it also comes with its own set of challenges. Understanding and following federal regulations requires immense amounts of knowledge and dedication. Rules and regulations need to be understood from the beginning so that preparations can be made and systems put in place [...]
RFID has become a powerful new asset tracking technology that saves significant time and improves accuracy when maintaining assets. While RFID technology can provide real-time visibility to asset tracking, that is only true with certain RFID technologies. At A2B Tracking, we deal mostly with passive UHF RFID tags since they don’t require [...]
