inventory

3 Essential Tactics to Optimize Your APU Inventory

3 Essential Tactics to Optimize Your APU Inventory

Inventory is costly.

If you don’t have the back-end support you need, you’ll want to keep inventory on hand. It’s part of doing business. It’s your risk mitigation.

But if you do have the support you need, then inventory just becomes a burden. It’s also costly. You could have millions of dollars tied up in inventory that isn’t producing revenue for you.

What if you have multiple APUs in stock?  Worse, what if you have more than you need?

The Painful Material Lessons of a Growing Fleet

The Painful Material Lessons of a Growing Fleet

Is your fleet growing? Do you feel prepared?

Scrambling to resolve AOGs, running out of money, and not having enough time to do everything are clear signs, you're having growing pains.

It's those pains you feel deep in your chest. Like a 2-ton brick pressing down on your core.

On one hand, it's great your fleet is growing. On another, it's causing you tension. I like to think of as a puzzle. You need to scope the landscape and then begin laying down your puzzle pieces.

5 High Impact Benefits Of VMI That Will Cut Your Freight Costs Immediately

5 High Impact Benefits Of VMI That Will Cut Your Freight Costs Immediately

Do you purchase expendable and consumable material from international partners? 

If you're like most airlines, MROs, lessors and militaries we work with, your answer is…YES! Duh!

By sourcing material from overseas partners, you’re trying to control total material costs and increase reliability.

Why Your Material Assets Eat Away At Your Bottom Line

Why Your Material Assets Eat Away At Your Bottom Line

Not long ago having a lot of inventory was common. It was "smart", and the industry norm.  You had something when you needed it...if you ever needed it.

I used to think this way as well.

I'd wake up every morning, sip on my coffee, and wonder how I was going to keep plenty of stock. Always. But then one morning I woke up and the coffee smacked me clear across the face.

One Huge Reason Surplus Inventory Is Toxic To Your Results

One Huge Reason Surplus Inventory Is Toxic To Your Results

Do you hold surplus inventory for your aircraft material needs? 

This unnecessary buildup occurs when you order inventory in preparation for near term consumption.

When that consumption never occurs. Voila! Surplus inventory builds up. 

If left unattended, Its like a giant weight, smothering your financial results. 

11 Common Aircraft Inventory Mistakes & How To Resolve Them

11 Common Aircraft Inventory Mistakes & How To Resolve Them

Inventory. It’s your best friend and worst enemy. Done right, it’ll give you what you want when you want it. Done wrong, it’ll waste time and money. Here are 11 common inventory mistakes you’re making and some tips to help you resolve them…

The Differences Between a Consignment & VMI. Which Is The Most Valuable To You?

The Differences Between a Consignment & VMI. Which Is The Most Valuable To You?

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…

The Brutal Truth About Expendable Inventory & What To Do About it

The Brutal Truth About Expendable Inventory & What To Do About it

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).

10 Critical Signs You Need a Vendor Managed Inventory

10 Critical Signs You Need a Vendor Managed Inventory

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. 

How To Set Up Your Vendor Managed Inventory

How To Set Up Your Vendor Managed Inventory

Your aircraft expendable inventory is like a child’s bedroom. Messy and out of control. You have stock on what you don’t need and you’re AOG for items you should have planned for. It’s a mess. You’re frustrated that time and money is wasted. All you want is for the craziness to stop. You want to stock the things you need and plan for the rest. And this is where aircraft inventory management plays a big role. 

What you need, is vendor managed inventory. It’s an aircraft expendable dream. Have what you want and only consume what you need. Once you hit a minimum stock level, an automatic shipment of replacements is sent to you. Easy! But how do you decide if it’s right for you?