If you’re a Dash 8 operator, aircraft MRO, or lessor, this post is for you.
This is your go-to resource for the current major Dash 8 components we have available now or in the near term.
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Do you have surplus aircraft part inventory?
This unnecessary buildup occurs when you order inventory in preparation for near term consumption.
When that consumption never occurs. Voila! Surplus inventory builds up.
Here’s the impact that this causes to your operation.
It’s not the price you pay, how business savvy you are, or how excellent your negotiation skills are. This is the MOST IMPORTANT skill you need when purchasing aircraft parts.
Your surplus aircraft material was sitting. Rotting. Wasting away on your shelves.
Slowly eating away at your operational results. Chomp. Chomp. Chomp.
Cash was being sucked down the surplus drain. And the only thing you could do was…
Price. How important is it to you? How often do you try and get the lowest price? I’m sure you’re thinking to yourself, “It’s incredibly important.” and “Every chance I get.” And that’s fair. It’s also common to ask how much something costs. Or to reduce the cost of something. We often use price and cost interchangeably. That’s a mistake.
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?
Inventory holding strategies haven’t changed much in the past 30 years. Airlines still cling to the ‘just-in-case’ mentality. And because of that, excessive inventory is costing airlines $10bn per year (21% of total inventory value).
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.
Do you purchase your aircraft material based on price? Of course you do. It seems logical. Many purchasing departments do. The better your price the happier you’ll be. But it doesn’t end up that way.
Price and cost are different. Price is the money coming in, or your direct cost. Cost is the money going out, through your aircraft materials life cycle. As a purchasing professional, it’s important to purchase for total cost of ownership (TCO). It’ll help drive down operational cost, make you and your team more efficient, and give you the opportunity to make good decisions.
Have you ever made a bad buying decision? Of course your have. You’re human. It’s frustrating, stressful and a waste of time, money and resources. You might not even know you’re making mistakes. You think everything is working perfectly. But secretly, everything's a mess. You’ve created a “bad” habit and habits are hard to break. Here’s a list of the mistakes and what you can do about them.
Buying is hard. You deal with constant demands: maintenance, coworkers, the unknown. Now throw in an AOG and chaos ensues. Despite everything you must do, you still have babysit your suppliers. There are things your supplier does that annoys you. They're human. Let's identify these top traits and find ways to correct them...
You're going nuts. You spend a ton of time processing, organizing and following up with aircraft material purchases. It's all you do...all day long. It's time consuming. It costs money. It's not efficient. Yet, it has to get done.
So what are you going to do? The first thing is to take a step back. Look at the big picture. What’s your biggest underlying problem? Most airlines and MROs get so caught up in what they have to do or what they have to resolve in the day and they forget the most important part of their operation…efficiency.
