(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 items (as defined in section 4(12) of the Office of Federal Procurement Policy Act (41 U.S.C. 403(12))).