Adaptive Aircraft Rotable Inventory Management (ARIM) is a system for evaluating the vendor and inventory of your Aircraft. It identifies and prioritizes trusted and untrusted vendors based on their lead times, failure rates, and priority when dealing with hot issues. By using ARIM to analyze the critical components of your Aircraft, you can lower your chances of having an Aircraft on the Ground (AOG).
Critical Work Stoppage
Maintaining a sufficient inventory of spare repairable aircraft parts is a challenging task. It can be costly, requiring initial provisioning of over 10% of the cost of the aircraft. To avoid such an expense, planning is essential. Rotatable inventory management requires a computer-based decision support system called RAPS to calculate demand forecasts, recommend airport locations for the least-cost allocation of parts, and determine the optimum level of availability for each part. To reduce cycle times and improve a company's overall inventory management, the software has several options for allocation of parts, data manipulation, and report generation.
With this in mind, One Equity Partners has announced the formation of Vantage Air Support, which will acquire, refurbish, and manage rotatable line replaceable units. This company plans to offer guaranteed availability of inventory to airlines globally.
Developed specifically for military aviation inventory needs, the program can help reduce the stock of unneeded parts and maintain fleet readiness. It also monitors limited life components and prioritizes them based on the earliest expiration dates and safety constraints.
With access to historical data, users can create their forecasts and quickly build a picture of their fleet's readiness. By evaluating historical and Original Manufacturer data, it can also develop statistical models to explain the daily usage of spare parts.
For an airline to operate efficiently Logistics Facilities must embrace digital technologies and an integrated platform. By adopting these technologies, organizations can future-proof their rotatable inventory management practices. Ultimately, a digital platform will help organizations improve service levels and reduce DMC. Here are some tips for a successful rotatable inventory management program. Let's dive in. Let's start with the basics. Developing a digital backbone is essential for aircraft logistics.
To begin, the TTR process begins the moment a component is removed from an aircraft and enters the MRO network. It involves three main processes: administration, logistics, and repair. Logistics is typically thought of as a one-time factor, with travel times assumed to be negligible.
Once the component is restored, it is officially declared serviceable and restocked in the central inventory. Ideally, logistics facilities should allow for the TTR process to take as little time as possible.
Fixed Wing Aircraft Parts
The team responsible for fixed-wing aircraft inventory management consists of individuals with expertise in inventory and supply chain management. The main responsibilities of the Fixed Wing Supply Chain team include planning, forecasting, inventory optimization, procurement, and asset maintenance. Vantage Air Support is an individual who will support the supply chain operations team by forecasting and scaling inventory. In addition, he or she will manage the inventory of aircraft components, such as engines.
Stock accumulation in aircraft parts is natural. Strategic tools and processes can minimize the problem. A common indicator of a faulty aircraft parts inventory management system is scrambling to fill lower volume items.
Another symptom is an inventory of 20% high-usage parts. The warehouse must also be timed appropriately for finding part numbers. To minimize stock outages, warehouse workers must maintain the accuracy of their time and follow a stocking policy.
Quality Aircraft Parts
Airlines benefit from Quality Aircraft Parts, which are re-usable. Rotatable aircraft parts include starters, avionics, pumps, valves, temperature sensors, oil coolers, propeller equipment, and wheels and brakes.
These parts are easily and repeatedly rebuilt and returned to the inventory for aircraft fleet maintenance. Aircraft rotatable inventory management is essential for ensuring aircraft fleet uptime. It's a valuable discipline to apply to aircraft maintenance and repair.
Aviation spare parts management involves an understanding of the demands and constraints associated with these assets. Depending on the type of aircraft, the quantity of rotatable inventory may need to change from time to time.
The number of aircraft in operation, their age, actual scrap rates, and utilization levels, among other factors, determine the amount of inventory that should be held on hand. And while inventory management is critical to aircraft uptime, it also requires a sound understanding of how long aircraft parts must be on hand to prevent a costly shutdown.