vendor managed inventory

How Ad-hoc Expendables Are Killing Your Biz...& You!

How Ad-hoc Expendables Are Killing Your Biz...& You!

It happened again.

Maintenance requested more expendables for a routine task card and yet again, you haven't dealt with the material since 1999.

Now, you have to go source and purchase this material. And more than likely, maintenance needed it yesterday.

29 Ways To Prepare For An Aircraft on Ground

29 Ways To Prepare For An Aircraft on Ground

When you hear the 3 letters, A-O-G, it makes you cringe

Your heart rate starts to race, your palms begin to sweat and you frantically think I-have-to-fix-this-now

AOG are stressful. But if you're prepared before the AOG, it’ll make your aviation life much easier.

5 Reasons Why Your High Consumption Expendables Need A Vendor Managed Inventory

5 Reasons Why Your High Consumption Expendables Need A Vendor Managed Inventory

Are you consuming the same 100+ expendables and consumables over and over again? 

If so, you'd be crazy to ignore the powerful impacts of a vendor managed inventory. The title might deceive you. You think vendor + inventory...no thanks. That's just giving them a sale. 

Wrong! 

If done right, with a win/win mindset, you could cut 30 - 90% of your total material costs (not the same as material price, read more here) instantly. 

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.

How To Stop Losing Money With Inefficient Expendable Purchases

How To Stop Losing Money With Inefficient Expendable Purchases

Expendables and consumables. The inglorious material that gives you a headache. 

You know the feeling. You get a 100 part requirement. Or 200. Or 1,000. And your head wants to explode. 

Stop Wasting 20 Hours A Week With One Easy Purchasing Strategy

Stop Wasting 20 Hours A Week With One Easy Purchasing Strategy

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? 

Save $100,000 A Year With This Simple Purchasing Solution

Save $100,000 A Year With This Simple Purchasing Solution

Are you purchasing aircraft material daily? 

Like most airlines and MROs, it is important to complete projects, keep aircraft in the air and make money.

But what if, everything you thought about purchasing was costing you more money? The money you didn’t know was seeping through the cracks as hidden operational expenses. Money not on the POs you send, but hidden in everything that surrounds the PO. 

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. 

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…