ZDML Inventory status dead

I have a new install of ZDLM 7 SP1 IR3a w/ HP3 installed on SLES 10 SP2 w/ OES2 SP1. Everything is working fine except the inventory service. I can start novell-zdm-inv and it starts fine, but checking the status of it 3 seconds later and the service reports its dead.
The Inventory service object reports "610: The Database Location Policy is not configured". But, it is. I checked the effective policies for the server as well and everything is fine there.
Any idea on what to try next?

I got this figured out. This machine is a VM and had a runaway clock on it, causing timesync issues. After fixing that, running a repair, and re-creating the server policy package everything started to work fine.

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