23 May 2019
Balancing the number of spares needed to ensure fleet airworthiness against its cash flow requirements can be a tricky task, but help is at hand.
Cash is king’ according to a well-known saying. Having enough to do the work you need is vital, especially in the airline industry. Tying up cash by having too many spare parts hardly counts as best practice. There needs to be smart control of the inventory to ensure that the right parts are available when needed, but it’s important that overstocking does not cause cash flow problems.
There are a number of key elements to controlling the inventory of spares. Christopher Whiteside, President and CEO of independent specialist in aircraft spares management, AJW Group, assesses the challenge.
“To be successful when managing the parts inventory for an airline customer, MROs must maintain high levels of insight into an airline’s operation,” he observes. “This means having a holistic understanding of their maintenance programme and philosophy, operational targets and appetite for risk, as well as the implications of any delays or unscheduled maintenance.
“As with any business relationship, it is essential that there is good communication and trust between both parties. AJW Group offers a 365/24/7 service to our customers...
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