AFEMS

(redirected from Air Force Equipment Management System)
AcronymDefinition
AFEMSAir Force Equipment Management System
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In concert with the logistics community we built a depreciation module and a CFO compliant valuation method into the Air Force system that maintains accountability for most personal property - the Air Force Equipment Management System. The Air Force Audit Agency is currently reviewing this system to determine whether it is CFO compliant.
The Air Force Equipment Management System (AFEMS) shows unserviceable equipment accounts for $465M in repair costs, $49M of which equates to a current need which is applied in the Air Force equipment computation.
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