Surplus Stock Management
To reduce the risk of delays in repairs or grounding aircraft, airlines have a tendency to buy more of the spare parts they believe they may need, leading to excess spend and surplus inventory. This often results in significant capital tied up in inventory and yet target service levels are not delivered. Aviante has found ways to reduce inventory investment while actually improving service levels.
Maintenance, repair and overhaul (MRO) inventory is defined by uncertain demand, complex operations, and large scale planning for thousands of part numbers and components. The lack of comprehensiveplanning solutions to address these challenges inevitably leads to reactive decision making, resulting in a steady increase in excess inventory over time.
The management of aircraft spares includes line replacement units (LRUs), rotors, special hardware items and consumables of an aircraft or aircraft servicing. Maintenance, Repair and Overhaul (MRO) facility includes several key areas starting from demand management, modelling and forecasting, material management, order fulfilment and tracking of movements, warehouse management and physical inventory control.
In a traditional inventory system, direct order to suppliers was the only method for inventory management. But our rapid development has made it possible for the firms to share more information in real time, e.g., demand and inventory status data along with inventory information with integrated Supply Chain links. And we help them in managing surplus inventory and reducing them to a level where they can manage inventory and maintenance TAT simultaneously.