Who mandated the Item Unique Identification compliance process for equipment assets valued over $5,000?

The Item Unique Identification (IUID) compliance process was mandated by the Department of Defense (DOD) to ensure that equipment assets valued over $5,000 are tagged and tracked effectively. This requirement is part of the DOD’s efforts to improve asset management and accountability across its operations. The implementation of IUID helps in ensuring that military equipment can be easily identified, tracked, and maintained throughout its lifecycle, thereby enhancing logistics processes and financial accountability.

By standardizing the identification of significant assets, the DOD aims to improve its inventory accuracy and reduce the risks of loss or misappropriation. This regulation aligns with broader government initiatives towards better financial and material management, reinforcing the importance of having a systematic method for tracking valuable assets.