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.
Bookmark this page as it’ll be updated often.
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.
In our previous post, we talked about how to cut a huge amount of money from your operating expenses.
Now, let’s talk about how to cut 20 hours a week from your purchasing activities.
First, think about what those 20 hours mean to you. Is it more time with family? A hobby? The ability to work on higher level projects?
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.
It’s common business knowledge that excess inventory is a liability, but it’s also common that you can’t sell what you don’t have. Traditional inventory management approaches force you to purchase excess inventory to pad yourself against stock-outs, causing you to carry excess. You literally have to decide what’s worse for your business: running out of inventory or carrying too much.
