A/RES/58/297 2. Endorses the observations and recommendations contained in the reports of the Advisory Committee on Administrative and Budgetary Questions, 6 and requests the Secretary-General to ensure their full implementation; 3. Reiterates the need to implement, as a matter of priority, an effective inventory management standard, especially in respect of peacekeeping operations involving high inventory value; Also reiterates paragraph 2 of its resolution 56/292, and requests the 4. Secretary-General to report thereon expeditiously; Field assets control system 5. Takes note of the report of the Secretary-General on progress in the implementation of the field assets control system;3 Strategic deployment stocks 6. Also takes note of the report of the Secretary-General on the status of the implementation of the strategic deployment stocks;2 7. Requests the Secretary-General to report to the General Assembly at its fifty-ninth session on the functioning of existing mechanisms of the strategic deployment stocks, in the light of lessons learned from experiences with mission start-ups; Global procurement hub 8. Takes note of the report of the Secretary-General on the analysis of establishing a global procurement hub for all peacekeeping missions in Brindisi;4 9. Endorses the observations and recommendations contained in the report of the Advisory Committee on Administrative and Budgetary Questions, 7 and requests the Secretary-General to ensure their full implementation; Financial performance report for the period from 1 July 2002 to 30 June 2003 10. Takes note of the report of the Secretary-General on the financial performance of the United Nations Logistics Base at Brindisi for the period from 1 July 2002 to 30 June 2003; 8 Budget estimates for the period from 1 July 2004 to 30 June 2005 11. Approves the cost estimates for the United Nations Logistics Base at Brindisi amounting to 28,422,000 United States dollars for the period from 1 July 2004 to 30 June 2005; Financing of the budget estimates 12. Decides to apply the balance of other income and adjustments in the total amount of 3,173,700 dollars in respect of the financial period ended 30 June 2003 to the resources required for the period from 1 July 2004 to 30 June 2005; _______________ 6 Official Records of the General Assembly, Fifty-eighth Session, Supplement No. 7 and corrigendum (A/58/7 and Corr.1), paras. II.36 and II.37 and A/58/759/Add.9. 7 A/58/796. 8 A/58/702. 2