Do you hate when people cancel your PO? You put all your trust in someone and then, BAM! They cancel. They act like they care by saying “sorry for the inconvenience,” but do they? Things happen. Issues occur. BERs & AOGs are common. Our aircraft maintenance life is complex. Let’s face it. And it never helps to deal with stupidity from our sales counterparts. It makes the complex even more complex.
You can’t decide. Do you need a vendor consignment or a vendor managed inventory for your aircraft material? These terms get thrown around interchangeably but they’re actually quite different. We wouldn’t call a zebra a lion now would we? Let’s take a look at the relationship of these two inventory strategies…
Your aircraft is in the hangar. The clock is ticking. Tic. Toc. Tic. Toc. Each second that passes, your stress builds. It’s a lot of pressure. From the 50 - 150 rotables, expendables, and consumables you need to sourcing, processing, chasing, and tracking. It’s all on you. What are you going to do about it?
Your new requisition order comes in. You need to procure 1,000 aircraft parts. You look down at your screen and want to explode. You become stressed. You wonder how you and your team will get it done on time and on budget (a realistic budget that is). As you look at the list, you notice a mix of rotables, expendables, and consumables. Now, it’s even more complicated. What are you to do? How are you going to get this done?
Having an AOG during Hajj is an expensive proposition. Over 2 million Muslims from 183 countries will descend on Mecca and the surrounding areas. Airlines from all over the world are hired to help achieve this logistical feat.
Your aircraft, the material and people who support it, and your entire supply chain must be ready for the spike in traffic. Looking at the big picture, having important conversations and planning are crucial to successful passenger transport during this yearly pilgrimage.
Do you like saving money? What if you could save more time and money right now. With one simple trick. You’d jump all over the chance. As a procurement professional, your goal is to save time and money. However, you’re frustrated. You deal with so much. There’s not enough time in the day. The demands on your operation are strong. From sourcing, procuring, chasing, and resolving problems, it’s tough.
You need a change. What you’re doing isn’t working. Things aren’t getting better. You’re more stressed than ever and you want an idea that will give you more of what you need. Time.
But the real issue is what you’re going to do about it? A vendor managed inventory is a solution that will resolve a lot of your time and cost issues. And, it’s easy to implement. But first, let’s understand some of the issues it’ll help you resolve.