number 6 of group project - any type of transaction Some of...

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When companies buy stuff from the government they have to meet the qualifications for resale or personal use of the purchases. “DRMS (Defense Reutilization and Marketing Service) was a primary level field activity of the Defense Logistics Agency (DLA). Its mission was to provide the Department of Defense (DoD) with services for the disposal of material no longer needed for national defense.” (DRMS, 2010) They also gave an extended contract to Government Liqudation, LLC, who buys and resales the military surplus. Purchases from a military store or outlet vary from location to location since it is from military inventories. They are mostly purchased through auctions and under negotiated terms, while other stores are stocked through regular distribution channels and consumer contracts. (DRMS, 2010) According to the terms and conditions on, there are a lot of considerations a military surplus outlet needs to consider in their contract with the government agencies before making
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Unformatted text preview: any type of transaction. Some of these considerations are as follows: “which military time you are purchasing, certain military items are subject to export restrictions, there are some items that require an End-Use-Certificate to complete transaction, usually these require approval by the Trade Security Control and will be put on hold until the approval is done.” (Terms and Conditions, 2010). There are plenty more items to be considered before making a contract with government agencies, some stricter, some more lenient, but all need careful examining. The purchaser also agrees to pay for all demilitarization processes and the government has the right to further demilitarize the items as they want. (DRMS, 2010) References Defense Reutilization and Marketing Service (DRMS) (2010). Retrieved May 29, 2011 from Terms and Conditions (2010, November 24). Retrieved May 29, 2011, from
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This note was uploaded on 06/01/2011 for the course BUS 255 taught by Professor Holloway during the Spring '11 term at American InterContinental University.

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