10 U.S.C. § 3845: Contractor inventory accounting systems: standards

(a) The Secretary of Defense shall prescribe in regulations—(1) standards for inventory accounting systems used by contractors under contract with the Department of Defense; and (2) appropriate enforcement requirements with respect to such standards. (b) The regulations prescribed pursuant to subsection (a) shall not apply to a contract that is for an amount not greater than the simplified acquisition threshold. (c) The regulations prescribed pursuant to subsection (a) shall not apply to a contract for the purchase of commercial products.