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.










