Original Date: 04/28/1995
Revision Date: 01/18/2007

The Lockheed Martin Electronics and Missiles (E&M) property management group has implemented a computerized Property Control System (PCS) for controlling all company and government assets. The Property Management group is the sole interface to the resident government property administrator and plant clearance officer for all Lockheed Martin property. This group addresses property procedures, identification and classification, storage and movement, inventory, audits, and contract close-out. The activity also oversees equipment acquisition, receiving, maintenance, and subcontractor property control.

The PCS contains mandatory fields for items such as Federal Acquisition Regulation requirements. The PCS also contains a module and process that does not allow equipment calibration unless it is first identified and tagged and entered into the PCS database. The system is instrumental in maintaining custodial control for equipment with over 2,200 custodians identified for over 78,000 line items of property. The PCS has a master menu that contains sub- menus for maintenance, inquiry, report request, mass data change, calibration, and family code assignment. The on- line system allows inquires by account, classes, custodian, user, and account validation, and also tracks equipment on loan.

New procedures for large programs with substantial quantities of property are evaluated by a full-time person assigned to the program. This property management representative resides in the program area and performs all property management functions for the program. This person is also assigned as the custodian for all the program's property.

The PCS and new procedures combine to provide better control of joint venture property, frees program personnel to perform their primary tasks, and allows faster processing of property transactions.

For more information see the Point of Contact for this survey.