DFARS 242.7201 Definitions
Section Defense Federal Acquisition Regulation Supplement
Facts
- Citation
- DFARS 242.7201
- Type
- Section
- Supplements
- FAR Part 42 Contract Administration and Audit Services
- Last amended
- 90 FR 5725 Effective Jan 17, 2025
- Text as of
- DFARS Change May 7, 2026
- Official text
- acquisition.gov
Text from acquisition.gov. Federal Register history from the Federal Register's records of the rules that amended this section.
Text
As used in this subpart—
“Acceptable material management and accounting system” means a material management and accounting system that generally complies with the system criteria in paragraph (d) of the clause at 252.242-7004 , Material Management and Accounting System.
“Material management and accounting system (MMAS)” means the contractor’s system or systems for planning, controlling, and accounting for the acquisition, use, issuing, and disposition of material. Material management and accounting systems may be manual or automated. They may be stand-alone systems, or they may be integrated with planning, engineering, estimating, purchasing, inventory, accounting, or other systems.
“Valid time-phased requirements” means material that is—
(1) Needed to fulfill the production plan, including reasonable quantities for scrap, shrinkage, yield, etc.; and
(2) Charged or billed to contracts or other cost objectives in a manner consistent with the need to fulfill the production plan.
Federal Register history
Quick answers
What is DFARS 242.7201?
DFARS 242.7201 is a section of the Defense Federal Acquisition Regulation Supplement, titled "Definitions".
When was DFARS 242.7201 last changed?
The most recent final rule on record is "Defense Federal Acquisition Regulation Supplement: Definition of Material Weakness (DFARS Case 2021-D006)" (90 FR 5725), published Jan 17, 2025 and effective Jan 17, 2025.
Are changes to DFARS 242.7201 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
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